Common use of By Executive upon a Change in Control Clause in Contracts

By Executive upon a Change in Control. (2) In the event that Executive terminates his employment pursuant to subparagraph (e)(i) of this Paragraph 7, Executive may elect, which election may be made in Executive's sole discretion, to receive from Company a single payment upon such termination amounting to any salary to which Executive would be entitled pursuant to subparagraph (d)(2) of this Paragraph 7, such single payment being in lieu of the payments and benefits set forth in subparagraph (d)(2) of this Paragraph 7.

By Executive upon a Change in Control. (2a) In the event that Executive terminates his employment pursuant to subparagraph (e)(i) of this Paragraph 7, Executive may elect, which election may be made in Executive's sole discretion, to receive from Company a single payment upon such termination amounting to any salary to which Executive would be entitled pursuant to subparagraph (d)(2) of this Paragraph 7, such single payment being in lieu of the payments and benefits set forth in subparagraph (d)(2) of this Paragraph 7.