Common use of Change of Control Compensation Clause in Contracts

Change of Control Compensation. Should a Change of Control event as in 8(c) above occur resulting in Executive resigning for reasons as per 8(b) above, Iradimed shall pay Executive the full amount of any earned but unpaid Base Salary through the date of termination, his accrued but unused vacation leave as of the last day worked, his approved business expenses, the full amount of any unpaid cash bonus awarded for any fiscal years prior to the resignation plus an amount equal to three (3) times his then current annual salary.

Change of Control Compensation. Should a Change of Control event as in 8(c8 (c) above occur resulting in Executive resigning for reasons as per 8(b8 (b) above, Iradimed shall pay Executive the full amount of any earned but unpaid Base Salary through the date of termination, his accrued but unused vacation leave as of the last day worked, his approved business expenses, the full amount of any unpaid cash bonus awarded for any fiscal years prior to the resignation plus an amount equal to three (3) times his then current annual salary., but in no case less than $145,000. Xxxxx Employment Agreement

Change of Control Compensation. Should a Change of Control event as in 8(c) above occur resulting in Executive resigning for reasons as per 8(b) above, Iradimed shall pay Executive the full amount of any earned but unpaid Base Salary through the date of termination, his accrued but unused vacation leave as of the last day worked, his approved business expenses, the full amount of any unpaid cash bonus awarded for any fiscal years prior to the resignation plus an amount equal to three (3) times his then current annual salary, but in no case less than $200,000.