Common use of Termination by the Company without Cause or Termination by the Executive for Good Reason Following Change in Control Clause in Contracts

Termination by the Company without Cause or Termination by the Executive for Good Reason Following Change in Control. (a) If the Company terminates the Executive’s employment and the termination is not due to death or Disability or for Cause, or the Executive terminates his employment for Good Reason, and such termination occurs within 12 months after a Change in Control, (i) the Company shall pay to the Executive annual salary, bonus and other benefits earned and accrued prior to the termination of employment; (ii) the Company shall pay or provide to the Executive (A) 1.5 times the Executive’s annual salary, (B) 1.5 times the greater of

Termination by the Company without Cause or Termination by the Executive for Good Reason Following Change in Control. (a) If the Company terminates the Executive’s employment and the termination is not due to death or Disability or for Cause, or the Executive terminates his her employment for Good Reason, and such termination occurs within 12 months after a Change in Control, (i) the Company shall pay to the Executive annual salary, bonus and other benefits earned and accrued prior to the termination of employment; (ii) the Company shall pay or provide to the Executive (A) 1.5 times the Executive’s annual salary, (B) 1.5 times the greater of