Common use of Compensation Payable to Executive Upon Termination Following a Business Combination or Change in Control Clause in Contracts

Compensation Payable to Executive Upon Termination Following a Business Combination or Change in Control. It is expressly recognized that Executive’s position with Company and agreement to be bound by the terms of this Agreement represents a commitment in terms of Executive’s personal and professional career which cannot be reduced to monetary terms, and thus, necessarily constitutes a forbearance of options now and in the future open to Executive in Company’s areas of endeavor. Accordingly, in the event Executive elects to terminate this Agreement in connection with any Business Combination or Change in Control under this Section 13;