Common use of Change of Recommendation Clause in Contracts

Change of Recommendation. In the event that this Agreement is terminated by the Company pursuant to Section 7.1(g), (i) Parent shall promptly, but in no event later than two (2) business days after the date of such termination, pay the Company a fee equal to One Million Five Hundred Thousand ($1,500,000), and (ii) in the event either (A) within twelve (12) months following such termination of this Agreement Parent enters into an agreement providing for an Acquisition of Parent or (B) within twelve (12) months following such termination of this Agreement an Acquisition of Parent is consummated, then upon the earlier to occur of the events described in clause (A) or (B) above, Parent shall promptly, but in no event later than two (2) business days after the date of such event, pay the Company a fee equal to Three Million Dollars ($3,000,000) in immediately available funds.

Change of Recommendation. In the event that this Agreement is terminated by the Company Parent pursuant to Section 7.1(g7.1(f), (i) Parent the Company shall promptly, but in no event later than two (2) business days after the date of such termination, pay the Company Parent a fee equal to One Million Five Hundred Thousand ($1,500,000), and (ii) in the event either (A) within twelve (12) months following such termination of this Agreement Parent the Company enters into an agreement providing for an Acquisition of Parent the Company or (B) within twelve (12) months following such termination of this Agreement an Acquisition of Parent the Company is consummated, , then upon the earlier to occur of the events described in clause (A) or (B) above, Parent the Company shall promptly, but in no event later than two (2) business days after the date of such event, pay the Company Parent a fee equal to Three Million Dollars ($3,000,000) in immediately available funds.