Common use of Termination Upon a Change in Control Clause in Contracts

Termination Upon a Change in Control. If a Change in Control (as defined herein) occurs during the Employment Period and the Executive's employment is terminated (a) by the Company without Cause or by the Executive for Good Reason, in each case within two (2) years after the effective date of the Change in Control or (b) by the Executive for any reason on or within 30 days after the one year anniversary of the effective date of the Change in Control, then the Executive shall be entitled to the payments and benefits provided in Section 4(a), subject to the terms and conditions thereof, except that for purposes of this Section 5, the Severance Multiple shall equal three (3). In addition, in the event of such a termination of the Executive's employment, all outstanding stock options, restricted stock and other equity awards granted to the Executive under any of the Company's equity incentive plans (or awards substituted therefore covering the securities of a successor company) shall become immediately vested and exercisable in full. For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following events:

Appears in 29 contracts

Samples: Employment Agreement (Zicix Corp), Employment Agreement (Zicix Corp), Employment Agreement (Atomic Studios, Inc.)

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Termination Upon a Change in Control. If a Change in Control (as defined herein) occurs during the Employment Period and the Executive's ’s employment is terminated (a) by the Company without Cause or by the Executive for Good Reason, in each case within two (2) years after the effective date of the Change in Control or (b) by the Executive for any reason on or within 30 days after the one year anniversary of the effective date of the Change in Control, then the Executive shall be entitled to the payments and benefits provided in Section 4(a), subject to the terms and conditions thereof, except that for purposes of this Section 5, the Severance Multiple shall equal three (3). In addition, in the event of such a termination of the Executive's ’s employment, all outstanding stock options, restricted stock and other equity awards granted to the Executive under any of the Company's ’s equity incentive plans (or awards substituted therefore covering the securities of a successor company) shall become immediately vested and exercisable in full. For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following events:

Appears in 4 contracts

Samples: Employment Agreement (MC Endeavors, Inc.), Employment Agreement (Soligen Technologies Inc), Employment Agreement (Square Chain Corp.)

Termination Upon a Change in Control. If a Change in Control (as defined herein) occurs during the Employment Period and the Executive's ’s employment is terminated (a) by the Company without Cause or by the Executive for Good Reason, in each case within two (2) years 180 days after the effective date of the Change in Control or (b) voluntarily by the Executive for any reason on or within 30 90 days after the one year anniversary of the effective date of the Change in ControlControl (with such termination effective 30 days after written notice given to the Company on or within said 90 day period), then the Executive shall be entitled to the payments and benefits provided in Section 4(a), subject to the terms and conditions thereof, except that for purposes of this Section 5, the Severance Multiple shall equal three (3). In addition, in the event of such a termination of the Executive's ’s employment, all outstanding stock options, restricted stock stock, restricted incentive units and other equity awards granted to the Executive under any of the Company's ’s equity incentive plans (or awards substituted therefore covering the securities of a successor company) shall become immediately vested and exercisable in full. For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following events:

Appears in 2 contracts

Samples: Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc)

Termination Upon a Change in Control. If a Change in Control (as defined herein) occurs during the Employment Period and the Executive's employment is terminated (a) by the Company without Cause or by the Executive for Good Reason, in each case within two (2) years after the effective date of the Change in Control or (b) by the Executive for any reason on or within 30 days after the one year anniversary of the effective date of the Change in Control, then the Executive shall be entitled to the payments and benefits provided in Section 4(a), subject to the terms and conditions thereof, : except that for purposes of this Section 5, the Severance Multiple shall equal three (3). In addition, in the event of such a termination of the Executive's employment, all outstanding stock options, restricted stock and other equity awards granted to the Executive under any of the Company's equity incentive plans (or awards substituted therefore covering the securities of a successor company) shall become immediately vested and exercisable in full. For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following events:

Appears in 2 contracts

Samples: Employment Agreement (Smart Decision, Inc.), Employment Agreement (Smart Decision, Inc.)

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Termination Upon a Change in Control. If a Change in Control (as defined herein) occurs during the Employment Period and the Executive's employment is terminated (a) by the Company without Cause or by the Executive for Good Reason, in each case within two (2) years after the effective date of the Change in Control or (b) by the Executive for any reason on or within 30 days after the one year anniversary of the effective date of the Change in Control, then the Executive shall be entitled to the payments and benefits provided in Section 4(a), subject to the terms and conditions thereof, except that for purposes of this Section 5, the Severance Multiple shall equal three (3). In addition, in the event of such a termination of the Executive's employment, all outstanding stock options, restricted stock and other equity awards granted to the Executive under any of the Company's equity incentive plans (or awards substituted therefore covering the securities of a successor company) shall become immediately vested and exercisable in full. For purposes of this Agreement, "Change in Control" shall mean the occurrence of any of the following events:

Appears in 1 contract

Samples: Employment Agreement (Dna Brands Inc)

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