TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL Sample Clauses

TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the occurrence of a Change in Control, then Company shall: (1) pay to Executive an amount equal to the greater of (A) his total Base Salary for the remainder of the Employment period; (B) two times the greater of his annualized Base Salary in effect upon the occurrence of the Change in Control or his annualized Base Salary in effect on the date of notice termination is received; or (C) one month of Base Salary for each full year of service completed with the Company as of the date of termination, (2) pay to Executive an amount equal to two (2) times his most recent annual bonus, and (3) cause Executive to be fully vested in any stock options or stock grants
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the occurrence of a Change in Control, then Company shall: (1) pay to Executive an amount equal to the greater of (A) his total Base Salary for the remainder of the Employment period; (B) two times the greater of his annualized Base Salary in effect upon the occurrence of the Change in Control or his annualized Base Salary in effect on the date of notice termination is received; or (C) one month of Base Salary for each full year of service completed with the Company as of the date of termination, (2) pay to Executive an amount equal to two (2) times his most recent annual bonus, and (3) cause Executive to be fully vested in any stock options or stock grants held by Executive. Company shall make such payments in one lump sum on the effective date of termination. A "Change in Control" shall be deemed to have occurred at any time after the date of this Agreement that (i) any person (other than those persons who own more than 10% of the combined voting power of the Company's outstanding voting securities on the date hereof) becomes the beneficial owner, directly or indirectly, of 30% or more of the combined voting power of the Company's then outstanding voting securities, or (ii) individuals who at the beginning of any period of two consecutive fiscal years constitute the Company's Board of Directors cease for any reason to constitute a majority of such Board of Directors at any time during such two-year period.
Sample 1Sample 2
TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL. If Company terminates this Agreement for any reason other than pursuant to the terms of Section 5.1 and such termination occurs within one year of the
Sample 1Sample 2

Related to TERMINATION BY COMPANY WITHOUT CAUSE AFTER CHANGE IN CONTROL

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company terminates Executive’s employment with the Company without Cause (excluding death or Disability) or if Executive resigns from such employment for Good Reason, and, in each case, such termination occurs during the Change of Control Period, then subject to Section 4, Executive will receive the following:

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Involuntary Termination in Connection with a Change in Control Notwithstanding anything contained herein, in the event of an Involuntary Termination prior to a Change in Control, if the Involuntary Termination (1) was at the request of a third party who has taken steps reasonably calculated to effect such Change in Control or (2) otherwise arose in connection with or in anticipation of such Change in Control, then the Executive shall, in lieu of the payments described in Section 4 hereof, be entitled to the Post-Change in Control Severance Payment and the additional benefits described in this Section 5 as if such Involuntary Termination had occurred within two (2) years following the Change in Control. The amounts specified in Section 5 that are to be paid under this Section 5(h) shall be reduced by any amount previously paid under Section 4. The amounts to be paid under this Section 5(h) shall be paid within sixty (60) days after the Change in Control Date of such Change in Control.

  • Termination by Company without Cause or by Executive for Good Reason If Executive's employment is terminated by the Company without Cause or by Executive for Good Reason:

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.