Common use of Additional Benefits on Termination Upon Change of Control Clause in Contracts

Additional Benefits on Termination Upon Change of Control. Subject to the Executive executing a binding Termination Release Agreement in a form specified by the Company substantially as attached as Exhibit A, in the event of the Executive’s Termination Upon a Change of Control, in addition to the benefits provided under Section 2.1 of this Agreement (and in place of the benefits provided under Section 2.2 of this Agreement), Executive shall be entitled to the following benefits: 2.3.1 Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive’s base salary, less applicable withholding. 2.3.2 Executive shall receive a lump sum payment in an amount equal to one hundred percent (100%) of Executive’s annual target bonus, less applicable withholding. 2.3.3 Provided that Executive timely elects continuation coverage pursuant to COBRA, the Company will reimburse Executive for premiums paid for such continuation coverage for a period of twelve (12) months after Executive’s Termination Date. 2.3.4 Seventy five percent (75%) of Executive’s unvested, outstanding Equity Awards granted to Executive prior to the Change of Control shall have their vesting and exercisability accelerated in full. The Executive shall be entitled to exercise any Equity Award within the period as specified by the Equity Award, but in no event later than the expiration date of the Equity Award; provided, however, to the extent permitted by Section 409A (as defined below), the regulations thereunder, and the terms of the Equity Awards, that if such Equity Awards are not assumed by the Successor in a Change of Control, they shall accelerate in full and must be exercised or cashed out in full prior to the consummation of the Change of Control regardless of whether there occurs a Termination Upon Change of Control.

Additional Benefits on Termination Upon Change of Control. Subject to the Executive executing a binding Termination Release Agreement in a form specified by the Company substantially as attached as Exhibit A, in the event of the Executive’s Termination Upon a Change of Control, in addition to the benefits provided under Section 2.1 of this Agreement (and in place of the benefits provided under Section 2.2 of this Agreement), Executive shall be entitled to the following benefits: 2.3.1 Executive shall receive a lump sum payment in an amount equal to twelve six (126) months of Executive’s base salary, less applicable withholding. 2.3.2 Executive shall receive a lump sum payment in an amount equal to one hundred fifty percent (10050%) of Executive’s annual target bonus, less applicable withholding. 2.3.3 Provided that Executive timely elects continuation coverage pursuant to COBRA, the Company will reimburse Executive for premiums paid for such continuation coverage for a period of twelve six (126) months after Executive’s Termination Date. 2.3.4 Seventy five Fifty percent (7550%) of Executive’s unvested, outstanding Equity Awards granted to Executive prior to the Change of Control shall have their vesting and exercisability accelerated in full. The Executive shall be entitled to exercise any Equity Award within the period as specified by the Equity Award, but in no event later than the expiration date of the Equity Award; provided, however, to the extent permitted by Section 409A (as defined below), the regulations thereunder, and the terms of the Equity Awards, that if such Equity Awards are not assumed by the Successor in a Change of Control, they shall accelerate in full and must be exercised or cashed out in full prior to the consummation of the Change of Control regardless of whether there occurs a Termination Upon Change of Control.

Additional Benefits on Termination Upon Change of Control. Subject to the Executive executing a binding Termination Release Agreement in a form specified by the Company substantially as attached as Exhibit A, in the event of the Executive’s Termination Upon a Change of Control, in addition to the benefits provided under Section 2.1 of this Agreement (and in place of the benefits provided under Section 2.2 of this Agreement), Executive shall be entitled to the following benefits: 2.3.1 Executive shall receive a lump sum payment in an amount equal to twelve eighteen (1218) months of Executive’s base salary, less applicable withholding. 2.3.2 Executive shall receive a lump sum payment in an amount equal to one hundred percent (100%) of Executive’s annual target bonus, less applicable withholding. 2.3.3 Provided that Executive timely elects continuation coverage pursuant to COBRA, the Company will reimburse Executive for premiums paid for such continuation coverage for a period of twelve eighteen (1218) months after Executive’s Termination Date. 2.3.4 Seventy five percent (75%) of Executive’s All unvested, outstanding Equity Awards granted to Executive prior to the Change of Control shall have their vesting and exercisability accelerated in full. The Executive shall be entitled to exercise any Equity Award within the period as specified by the Equity Award, but in no event later than the expiration date of the Equity Award; provided, however, to the extent permitted by Section 409A (as defined below), the regulations thereunder, and the terms of the Equity Awards, that if such Equity Awards are not assumed by the Successor in a Change of Control, they shall accelerate in full and must be exercised or cashed out in full prior to the consummation of the Change of Control regardless of whether there occurs a Termination Upon Change of Control.

Additional Benefits on Termination Upon Change of Control. Subject to the Executive executing a binding Termination Release Agreement in a form specified by the Company substantially as attached as Exhibit A, in the event of the Executive’s Termination Upon a Change of Control, in addition to the benefits provided under Section 2.1 of this Agreement (and in place of the benefits provided under Section 2.2 of this Agreement), Executive shall be entitled to the following benefits: 2.3.1 Executive shall receive a lump sum payment in an amount equal to twelve (12) months of Executive’s base salaryBase Salary, less applicable withholding. 2.3.2 Executive shall receive a lump sum payment in an amount equal to one hundred percent (100%) of Executive’s annual target bonus, less applicable withholding. 2.3.3 Provided that Executive timely elects continuation coverage pursuant to COBRA, the Company will reimburse Executive for premiums paid for such continuation coverage for a period of twelve (12) months after Executive’s Termination Date.’s 2.3.4 Seventy five percent (75%) of Executive’s unvested, outstanding Equity Awards granted to Executive prior to the Change of Control shall have their vesting and exercisability accelerated in full. The Executive shall be entitled to exercise any Equity Award within the period as specified by the Equity Award, but in no event later than the expiration date of the Equity Award; provided, however, to the extent permitted by Section 409A (as defined below), the regulations thereunder, and the terms of the Equity Awards, that if such Equity Awards are not assumed by the Successor in a Change of Control, they shall accelerate in full and must be exercised or cashed out in full prior to the consummation of the Change of Control regardless of whether there occurs a Termination Upon Change of Control.

Additional Benefits on Termination Upon Change of Control. Subject to the Executive executing a binding Termination Release Agreement in a form specified by the Company substantially as attached as Exhibit A, in the event of the Executive’s Termination Upon a Change of Control, in addition to the benefits provided under Section 2.1 of this Agreement (and in place of the benefits provided under Section 2.2 of this Agreement), Executive shall be entitled to the following benefits: 2.3.1 Executive shall receive a lump sum payment in an amount equal to twelve six (126) months of Executive’s base salaryBase Salary, less applicable withholding. 2.3.2 Executive shall receive a lump sum payment in an amount equal to one hundred fifty percent (10050%) of Executive’s annual target bonus, less applicable withholding. 2.3.3 Provided that Executive timely elects continuation coverage pursuant to COBRA, the Company will reimburse Executive for premiums paid for such continuation coverage for a period of twelve six (126) months after Executive’s Termination Date. 2.3.4 Seventy five Fifty percent (7550%) of Executive’s unvested, outstanding Equity Awards granted to Executive prior to the Change of Control shall have their vesting and exercisability accelerated in full. The Executive shall be entitled to exercise any Equity Award within the period as specified by the Equity Award, but in no event later than the expiration date of the Equity Award; provided, however, to the extent permitted by Section 409A (as defined below), the regulations thereunder, and the terms of the Equity Awards, that if such Equity Awards are not assumed by the Successor in a Change of Control, they shall accelerate in full and must be exercised or cashed out in full prior to the consummation of the Change of Control regardless of whether there occurs a Termination Upon Change of Control.