Common use of Termination without Cause or for Good Reason in Connection with a Change in Control Clause in Contracts

Termination without Cause or for Good Reason in Connection with a Change in Control. If the Executive’s employment by the Company is terminated by the Company without Cause (and not due to Disability or death) or by the Executive for Good Reason within thirty (30) days immediately prior to a Change in Control (as defined in the Plan), or within twelve (12) months immediately following a Change in Control, then the Company shall pay or provide the Executive with the Accrued Amounts and all of the benefits described in Section 11(d) above, subject to compliance with Section 12. In addition, the Company shall provide that all outstanding unvested equity awards granted to the Executive shall become fully vested, subject to compliance with Section 12.

Appears in 5 contracts

Samples: Executive Employment Agreement (Flex Pharma, Inc.), Executive Employment Agreement (Flex Pharma, Inc.), Executive Employment Agreement (Flex Pharma, Inc.)

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