Common use of Change in Control Bonus Clause in Contracts

Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two (2) times Executive’s Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.

Change in Control Bonus. The Company (or any successor entity) shall pay to the Executive a lump sum bonus amount equal to two three (23) times Executive’s Base Salary. Such bonus shall be paid to Executive in full simultaneously upon the close of the transaction that has created the Change of Control.