Common use of Benefits in the Event of a Change in Control Clause in Contracts

Benefits in the Event of a Change in Control. If (i) a Change in Control (defined below) occurs and (ii) during the period beginning one (1) month prior to the effective date of such Change in Control and ending eighteen (18) months after the effective date of such Change in Control, Employee’s employment with the Company is terminated either (A) by the Company without Cause (defined below) (not including death or Disability (as defined below)) or (B) by Employee for Good Reason (defined below) (not including death or Disability), then, without further action by Employee or the Company, Employee shall be entitled to the benefits set forth below:

Appears in 5 contracts

Samples: Change in Control Agreement (Senomyx Inc), Change in Control Agreement (Senomyx Inc), Change in Control Agreement (Senomyx Inc)

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