Common use of Change of Control Vesting Acceleration Clause in Contracts

Change of Control Vesting Acceleration. (p) In the event of a Change of Control (as defined below), one hundred percent (100%) of Executive's then-unvested Options or Shares shall immediately vest, all Performance Bonuses (both current and future) shall be immediately due and payable, regardless of whether any milestone has been achieved, and if, after a Change of Control, Executive terminates Executive’s employment with the Company, he shall be entitled to receive all severance benefits set forth in Section 4(d). (q) For the purposes of this Agreement, "Change of Control" is defined as the occurrence of any of the following after the Employment Commencement Date:

Appears in 2 contracts

Samples: Executive Employment Agreement (Troika Media Group, Inc.), Executive Employment Agreement (Troika Media Group, Inc.)

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Change of Control Vesting Acceleration. (pr) In the event of a Change of Control (as defined below), one hundred percent (100%) of Executive's then-unvested Options or Shares shall immediately vest, all Performance Bonuses Bonus (both current and future) shall be immediately due and payable, regardless of whether any milestone has been achieved, and if, after a Change of Control, Executive terminates Executive’s employment with the Company, Company he shall be entitled to receive all severance benefits set forth in Section 4(d). (qs) For the purposes of this Agreement, "Change of Control" is defined as the occurrence of any of the following after the Employment Commencement Date:

Appears in 2 contracts

Samples: Executive Employment Agreement (Troika Media Group, Inc.), Executive Employment Agreement (Troika Media Group, Inc.)

Change of Control Vesting Acceleration. (pa) In the event of a Change of Control (as defined below), one hundred percent (100%) of Executive's ’s then-unvested Options or Shares shall immediately vest, all Performance Bonuses (both current and future) shall be immediately due and payable, regardless of whether any milestone has been achieved, and if, after a Change of Control, Executive terminates Executive’s employment with the Company, he shall be entitled to receive all severance benefits set forth in Section 4(d). (qb) For the purposes of this Agreement, "Change of Control" is defined as the occurrence of any of the following after the Employment Commencement Date:

Appears in 1 contract

Samples: Executive Employment Agreement (Troika Media Group, Inc.)

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Change of Control Vesting Acceleration. (pa) In the event of a Change of Control (as defined below), one hundred percent (100%) of Executive's ’s then-unvested Options or Shares shall immediately vest, all Performance Bonuses Bonus (both current and future) shall be immediately due and payable, regardless of whether any milestone has been achieved, and if, after a Change of Control, Executive terminates Executive’s employment with the Company, Company he shall be entitled to receive all severance benefits set forth in Section 4(d). (qb) For the purposes of this Agreement, "Change of Control" is defined as the occurrence of any of the following after the Employment Commencement Date:

Appears in 1 contract

Samples: Executive Employment Agreement (Troika Media Group, Inc.)

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