Common Contracts
2 similar Change of Control contracts by Synacor, Inc.
SEVERANCE AGREEMENTChange of Control • March 26th, 2014 • Synacor, Inc. • Services-computer programming, data processing, etc. • New York
THIS AGREEMENT is entered into and effective as of the IPO Date, by and between William Stuart (the “Executive”) and SYNACOR, INC., a Delaware corporation (the “Company”). All terms will be as defined in this Agreement.
SEVERANCE AGREEMENTChange of Control • March 26th, 2014 • Synacor, Inc. • Services-computer programming, data processing, etc. • New York
purposes of Section 409A at the time of the Executive’s separation from service with the Company, any payments of nonqualified deferred compensation (after giving effect to any exemptions available under Section 409A) otherwise payable to the Executive during the first six (6) months following the Executive’s separation from service shall be delayed and paid in a lump sum upon the earlier of (x) the Executive’s date of death, or (y) the first day of the seventh month following the Executive’s separation from service, and the balance of the installments (if any) will be payable in accordance with their original schedule. To the extent any expense, reimbursement or in-kind benefit provided to the Executive constitutes nonqualified deferred compensation for purposes of Section 409A, (i) the amount of any expense eligible for reimbursement or the provision of any in-kind benefit with respect to any calendar year shall not affect the amount of expense eligible for reimbursement or the amoun
