Common use of Change in Control Severance Clause in Contracts

Change in Control Severance. In the event that a Change in Control occurs and within a period of one (1) year following the Change in Control, either: (i) Executive’s employment is involuntarily terminated by action of the Company other than for Cause, or (ii) Executive terminates Executive’s employment voluntarily for Good Reason, then Executive shall receive the following (subject to Executive’s execution of a release of claims, as described in Section 7):

Change in Control Severance. In the event that a Change in Control occurs and within a period of one (1) year following the Change in Control, either: (i) Executive’s employment is involuntarily terminated by action of the Company other than for Cause, or (ii) Executive terminates Executive’s employment voluntarily for Good Reason, then Executive shall receive the following (subject to Executive’s execution of a release of claims, claims as described in Section 7):

Change in Control Severance. In the event that of a Change in Control occurs and within a period termination of one (1) year following the Change in Control, either: Executive's employment during the Employment Period either (i) Executive’s employment is involuntarily terminated by action of the Company other than for Cause, Cause or (ii) by the Executive terminates Executive’s employment voluntarily for Good Reason, then Executive shall receive within the one year period following (subject to Executive’s execution the occurrence of a release of claimsChange in Control, as described in Section 7):the Company shall pay the Executive and provide the Executive with the following: