Common use of Additional Payments Upon or Following a Change in Control Clause in Contracts

Additional Payments Upon or Following a Change in Control. If the Termination Date occurs during the Term and within ninety (90) days prior to a Change in Control, and if such termination is a Qualifying Termination and Executive reasonably demonstrates within thirty (30) days after the Change in Control that such Qualifying Termination arose in connection with or in anticipation of the Change in Control, then the Company shall provide to Executive the following severance payments and benefits (in addition to the severance payments and benefits Executive is eligible to receive under Section 5.A.), each of which shall be considered a separate payment:

Appears in 5 contracts

Samples: Severance Agreement (Proto Labs Inc), Amended and Restated Severance Agreement (Proto Labs Inc), Severance Agreement (Proto Labs Inc)

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Additional Payments Upon or Following a Change in Control. If the Termination Date occurs during the Term and within ninety (90) days prior to a Change in Control, and if such termination is a Qualifying Termination and Executive reasonably demonstrates within thirty (30) days after the Change in Control that such Qualifying Termination arose in connection with or in anticipation of the Change in Control, then the Company shall provide to Executive the following severance payments and benefits (in addition to the severance payments and benefits Executive is eligible to receive under Section 5.A.7.A.), each of which shall be considered a separate payment:

Appears in 3 contracts

Samples: Executive Employment Agreement (Proto Labs Inc), Executive Employment Agreement (Proto Labs Inc), Executive Employment Agreement (Proto Labs Inc)

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