Common use of Termination by Middlefield or Subsidiary Clause in Contracts

Termination by Middlefield or Subsidiary. the Executive's employment with Middlefield or its Subsidiary(ies) is involuntarily terminated within two years after a Change in Control, except for termination under Section 4 of this Agreement. For purposes of this Agreement, "Subsidiary" means an entity in which Middlefield directly or indirectly beneficially owns 50% or more of the outstanding voting securities, or

Termination by Middlefield or Subsidiary. the Executive's ’s employment with Middlefield or its Subsidiary(ies) is involuntarily terminated within two years after a Change in Control, except for termination under Section 4 of this Agreement. For purposes of this Agreement, "“Subsidiary" ” means an entity in which Middlefield directly or indirectly beneficially owns 50% or more of the outstanding voting securities, or