Common use of By Company without Cause or by Employee for Good Reason Clause in Contracts

By Company without Cause or by Employee for Good Reason. Company may terminate Executive “at will” and without Cause at any time, and Executive may terminate Executive’s employment for Good Reason. In the event Company terminates Executive’s employment without Cause or Executive terminates Executive’s employment with Good Reason during Executive’s employment hereunder, all of the following will apply: (a) immediately upon termination, Company will pay to Executive the Severance Amount; (b) twenty-five percent (25%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable, (c) Executive shall have a period of one year following termination in which to exercise the Option and the Second Option, and (d) if a Liquidation Event shall occur following Company’s termination of Executive’s employment without Cause and prior to the termination of the Option and the Second Option, one hundred percent (100%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable.

By Company without Cause or by Employee for Good Reason. Company may terminate Executive “at will” and without Cause at any time, and Executive may terminate Executive’s employment for Good Reason. In the event Company terminates Executive’s employment without Cause or Executive terminates Executive’s employment with Good Reason during Executive’s employment hereunder, all of the following will apply: (a) immediately upon termination, Company will pay to Executive the Severance Amount; (b) twenty---five percent (25%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable, (c) Executive shall have a period of one year following termination in which to exercise the Option and the Second Option, and (d) if a Liquidation Event shall occur following Company’s termination of Executive’s employment without Cause and prior to the termination of the Option and the Second Option, one hundred percent (100%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable.

By Company without Cause or by Employee for Good Reason. Company may terminate Executive “at will” and without Cause at any time, and Executive may terminate Executive’s employment for any reason, including Good Reason. In the event Company terminates Executive’s employment without Cause or Executive terminates Executive’s employment with Good Reason during Executive’s employment hereunder, all of the following will apply: (a) immediately upon termination, Company will pay to Executive the Severance Amount; (b) twenty-five percent (25%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable, (c) Executive shall have a period of one year following termination in which to exercise the Option and the Second Option, and (d) if a Liquidation Event shall occur following Company’s termination of Executive’s employment without Cause and prior to the termination of the Option and the Second Option, one hundred percent (100%) of the shares subject to the Option and the Second Option shall immediately vest and become exercisable.