Common use of Certain Terminations of Employment in connection with a Change in Control Clause in Contracts

Certain Terminations of Employment in connection with a Change in Control. Notwithstanding Section 5(b), if your employment is terminated by the Company without Cause or by you for Good Reason within six months prior to a "CHANGE IN CONTROL" (as defined in the Employment Agreement) or during the 12 month period immediately following such Change in Control, then (i) this Option shall become fully vested and exercisable with respect to all shares subject thereto effective immediately prior to the date of such termination, and (ii) the last day on which this Option may be exercised shall be the Expiration Date.

Appears in 4 contracts

Samples: Separation and Release Agreement (Coach Inc), Employment Agreement (Coach Inc), Letter Agreement (Coach Inc)

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Certain Terminations of Employment in connection with a Change in Control. Notwithstanding Section 5(b), if your employment is terminated by the Company without Cause or by you for Good Reason within six months prior to a "CHANGE IN CONTROL" (as defined in the Employment Agreement) or during the 12 month period immediately following such Change in Control, then (i) this Option shall become fully vested and exercisable with respect to all shares subject thereto effective immediately prior to the date of such termination, termination and (ii) the last day on which this Option may be exercised shall be the Expiration Date.

Appears in 1 contract

Samples: Letter Agreement (Coach Inc)

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