Common use of Change in Control; Involuntary Termination Clause in Contracts

Change in Control; Involuntary Termination. In the case of a Change in Control where the Executive’s employment terminates due to an Involuntary Termination during the Change in Control Protection Period, the Cash Award (as defined in the mPRSU/PRSU Award Agreement), shall be paid out to the Executive within sixty (60) days following the Termination Date.

Appears in 11 contracts

Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

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Change in Control; Involuntary Termination. In the case of a Change in Control where the Executive’s employment terminates due to an Involuntary Termination during prior to twelve (12) months following the Change in Control Protection Periodor in contemplation of a Change in Control, the Cash Award (as defined in the mPRSU/PRSU mPRSU Award Agreement), shall be paid out to the Executive within sixty ten (6010) days following the Termination Date.

Appears in 2 contracts

Samples: Change in Control Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)

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