Common use of Termination of Service Following a Change in Control Clause in Contracts

Termination of Service Following a Change in Control. Notwithstanding the foregoing, if the Optionee ceases to be an officer or employee of, or to perform other services for, the Company, CHMI or any other Subsidiary, and the Optionee’s service was terminated (i) by the Company, CHMI or any other Subsidiary without Cause, as defined in the Employment Agreement, or (ii) by the Optionee for Good Reason, as defined in the Employment Agreement, in either case, within twenty-four months after there is a Change in Control of the Company, as defined in Section 2(c) of the Plan, then the Option shall be immediately fully exercisable and shall remain so for the applicable period following the Optionee’s termination of service, as described in this Section 6.

Termination of Service Following a Change in Control. Notwithstanding the foregoing, if the Optionee ceases to be an officer or employee of, or to perform other services for, the Company, CHMI or any other Subsidiary, and the Optionee’s service was terminated (i) by the Company, CHMI or any other Subsidiary without Cause, as defined in the Employment Agreement, (ii) by reason of the Optionee’s death or Disability, as defined in the Employment Agreement, or (iiiii) by the Optionee for Good Reason, as defined in the Employment Agreement, in either case, within twenty-four twelve months after there is a Change in Control of the Company, as defined in Section 2(c) of the Plan, then the Option shall be immediately fully exercisable and shall remain so for the applicable period following the Optionee’s termination of service, as described in this Section 6.

Termination of Service Following a Change in Control. Notwithstanding the foregoing, if the Optionee ceases to be an officer or employee of, or to perform other services for, the Company, CHMI or any other Subsidiary, and the Optionee’s service was terminated (i) by the Company, CHMI or any other Subsidiary without Cause, as defined in the Employment Agreement, or (ii) by the Optionee for Good Reason, as defined in the Employment Agreement, in either case, within twenty-four twelve months after there is a Change in Control of the Company, as defined in Section 2(c) of the Plan, then the Option shall be immediately fully exercisable and shall remain so for the applicable period following the Optionee’s termination of service, as described in this Section 6.