Common use of Change in Control Qualifying Termination Clause in Contracts

Change in Control Qualifying Termination. Upon a Change in Control Qualifying Termination, you shall be eligible to receive the following severance benefits. For the avoidance of doubt, in no event shall you be entitled to benefits under both Section 2(a) and this Section 2(b). If you are eligible for severance benefits under both Section 2(a) and this Section 2(b), you shall receive the benefits set forth in this Section 2(b) and such benefits shall be reduced by any benefits previously provided to you under Section 2(a).

Appears in 5 contracts

Samples: Letter Agreement (Cardiva Medical, Inc.), Roger Owens (Cardiva Medical, Inc.), Letter Agreement (Cardiva Medical, Inc.)

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