Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Xxxxxxx pursuant to paragraph (a) of this Article Ninth, Xxxxxxx shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Xxxxxxx, an amount equal to the highest cash compensation (including Base Compensation and bonus) paid to Xxxxxxx in any of the last three fiscal years immediately prior to his termination. In addition, all of Xxxxxxx’x unvested stock options and stock grants shall vest immediately upon such termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Employee pursuant to Paragraph No. 9(a), Employee shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Employee, an amount equal to the highest cash compensation (including Base Compensation and incentive/bonus) paid to Norregaard in any of the last three fiscal year immediately prior to his termination. In addition, all of Employee’s unvested stock options and stock grants shall vest immediately upon such termination and Employee will have one year from the date of termination to exercise any such options. In the event of a Change of Control, the surviving, continuing, successor or purchasing corporation or other business entity or parent thereof, may assume Sonic Foundry’s rights and obligations under each or any stock option or stock grant award (“Award”) outstanding immediately prior to such Change of Control by substituting, for each share of stock the Employee was entitled to receive pursuant to such Award, the consideration (whether stock, cash, securities, or property or a combination thereof) to which a holder of a share of stock of Sonic Foundry on the effective date of the Change of Control was entitled.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Xxxx pursuant to paragraph (a) of this Article Ninth, Xxxx shall be entitled to be paid by Sonic Foundry, in a lump sum, within thirty (30) days of such termination by Xxxx, an amount equal to the highest cash compensation (including Base Compensation and bonus) paid to Weis in any of the last three fiscal years immediately prior to his termination. In addition, Weis shall receive health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay. In addition, all of Xxxx’x unvested stock options and stock grants shall vest immediately upon such termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Employee pursuant paragraph (a) of this Article Twelfth, Employee shall be entitled to be paid by Employer within thirty (30) days of such termination by Employee, the entire balance of his Base Compensation remaining to be paid to Employee over the full remaining term of this Agreement.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Minor pursuant to paragraph (a) of this Article Ninth, Minor shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Minor, an amount equal to the highest cash compensation (including Base Compensation and bonus) paid to Minor in any of the last three fiscal years immediately prior to his termination. In addition, all of Minor’s unvested stock options and stock grants shall vest immediately upon such termination. In addition, Minor shall receive health insurance continuation as required by COBRA and salary accrued through the date of termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Employee pursuant to Paragraph No. 10(a), Employee shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Employee, an amount equal to his Base Compensation earned over the previous six months prior to his termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Employee pursuant to Paragraph No. 9(a), Employee shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Employee, an amount equal to his Base Compensation on the date of termination. In addition, all of Employee’s unvested stock options and stock grants shall vest immediately upon such termination and Employee will have one year from the date of termination to exercise any such options. In the event of a Change of Control, the surviving, continuing, successor or purchasing corporation or other business entity or parent thereof, may assume Sonic Foundry’s rights and obligations under each or any stock option or stock grant award (“Award”) outstanding immediately prior to such Change of Control by substituting, for each share of stock the Employee was entitled to receive pursuant to such Award, the consideration (whether stock, cash, securities, or property or a combination thereof) to which a holder of a share of stock of Sonic Foundry on the effective date of the Change of Control was entitled.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Minor pursuant to paragraph (a) of this Article Ninth, Minor shall be entitled to be paid by Sonic Foundry, within thirty (30) days of such termination by Minor, an amount equal to the highest cash compensation (including Base Compensation and bonus) paid to Minor in any of the last three fiscal years immediately prior to his termination. In addition, all of Minor’s unvested stock options and stock grants shall vest immediately upon such termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Buinevicius pursuant to paragraph (a) of this Article Ninth, Buinevicius shall be entitled to be paid by Sonic Foundry, in a lump sum, within thirty (30) days of such termination by Buinevicius, an amount equal to two and one tenth (2.1) times the highest cash compensation (including Base Compensation and bonus) paid to Buinevicius in any of the last three fiscal years immediately prior to his termination. In addition, Buinevicius shall receive health insurance continuation as required by COBRA, salary accrued through the date of termination and accrued vacation pay. In addition, all of Buinevicius’s unvested stock options and stock grants shall vest immediately upon such termination.
Rights Following Voluntary Termination After a Change of Control. Following any voluntary termination of employment by Xxxxxxxxx pursuant to paragraph (a) of this Article Eleventh, Xxxxxxxxx shall be entitled to be paid by Xxxxxx, within thirty (30) days of such termination by Xxxxxxxxx, one year's Base Compensation. In addition, all of Xxxxxxxxx'x unvested stock options and stock grants shall vest immediately upon such termination.
