Common use of Compensation Upon Termination After a Change in Control Clause in Contracts

Compensation Upon Termination After a Change in Control. If a Change in Control Date occurs during the Term and the Employee's employment with the Company is terminated by the Company (other than for Cause, Disability or death) or by the Employee for Good Reason within 12 months following the Change in Control Date, then the Employee shall be entitled to the following benefits: (a) the Company shall pay to the Employee in a lump sum in cash within 30 days after the Date of Termination the sum of (i) the Employee's base salary through the Date of Termination, (ii) any accrued bonus which the Employee is entitled to receive as of the Date of Termination, (iii) the amount of any compensation previously deferred by the Employee (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (i), (ii), and (iii) shall be hereinafter referred to as the "Accrued Obligations"); (b) for one year after the Date of Termination, the Company shall continue to pay to the Employee his highest annual base salary during the three-year period prior to the Date of Termination plus an amount equal to the Employee's target bonus for the year during which the termination occurs; and (c) for one year after the Date of Termination, the Company shall continue to provide to the Employee medical, health and accident or disability benefits on substantially the same terms as were provided to the Employee on the Date of Termination.

Compensation Upon Termination After a Change in Control. If a Change in Control Date occurs during the Term and the Employee's employment with the Company is terminated by the Company (other than for Cause, Disability or death) or by the Employee for Good Reason within 12 months following the Change in Control Date, then the Employee shall be entitled to the following benefits: (a) the Company shall pay to the Employee in a lump sum in cash within 30 days after the Date of Termination the sum of (i) the Employee's base salary through the Date of Termination, (ii) any accrued bonus which the Employee is entitled to receive as of the Date of Termination, (iii) the amount of any compensation previously deferred by the Employee (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (i), (ii), and (iii) shall be hereinafter referred to as the "Accrued Obligations"); (b) for one year six months after the Date of Termination, the Company shall continue to pay to the Employee his highest annual base salary during the three-year period prior to the Date of Termination plus an amount equal to the Employee's target bonus for the year during which the termination occursTermination; and (c) for one year six months after the Date of Termination, the Company shall continue to provide to the Employee medical, health and accident or disability benefits on substantially the same terms as were provided to the Employee on the Date of Termination.

Compensation Upon Termination After a Change in Control. If a Change in Control Date occurs during the Term and the Employee's employment with the Company is terminated by the Company (other than for Cause, Disability or death) or by the Employee for Good Reason within 12 months following the Change in Control Date, then the Employee shall be entitled to the following benefits: (a) the Company shall pay to the Employee in a lump sum in cash within 30 days after the Date of Termination the sum of (i) the Employee's base salary through the Date of Termination, (ii) any accrued bonus which the Employee is entitled to receive as of the Date of Termination, (iii) the amount of any compensation previously deferred by the Employee (together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not previously paid (the sum of the amounts described in clauses (i), (ii), and (iii) shall be hereinafter referred to as the "Accrued Obligations"); (b) for one year six months after the Date of Termination, the Company shall continue to pay to the Employee his highest annual base salary during the three-year period prior to the Date of Termination plus an amount equal to the Employee's target bonus for the year during which the termination occursTermination; and (c) for one year six months after the Date of Termination, the Company shall continue to provide to the Employee medical, health medical and accident or disability dental benefits on substantially the same terms as were provided to the Employee on the Date of Termination.