Common use of Compensation Upon Termination Based Upon Change in Control – Payment of Excise Taxes Clause in Contracts

Compensation Upon Termination Based Upon Change in Control – Payment of Excise Taxes. If a termination occurs upon a Change in Control as defined above, and the change control takes place during the first twelve months of this agreement hen the Company shall pay the Executive those same amounts at the same time as indicated in Section (14).

Appears in 5 contracts

Samples: Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc)

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Compensation Upon Termination Based Upon Change in Control – Payment of Excise Taxes. If a termination occurs upon a Change in Control as defined above, and the change control takes place during the first twelve months of this agreement hen then the Company shall pay the Executive those same amounts at the same time as indicated in Section (14).

Appears in 3 contracts

Samples: Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc)

Compensation Upon Termination Based Upon Change in Control – Payment of Excise Taxes. If a termination occurs upon a Change in Control as defined above, and the change control takes place during the first twelve months of this agreement hen the Company shall pay the Executive those same amounts at the same time as indicated in Section (14). All stock options for that year will fully vest.

Appears in 2 contracts

Samples: Executive Employment Agreement (Calypso Wireless Inc), Executive Employment Agreement (Calypso Wireless Inc)

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Compensation Upon Termination Based Upon Change in Control – Payment of Excise Taxes. If a termination by Executive occurs upon a Change in Control as defined above, and the change control takes place during the first twelve months of this agreement hen then the Company shall pay the Executive those same amounts at the same time as indicated in Section (1414(C).

Appears in 1 contract

Samples: Executive Employment Agreement (Calypso Wireless Inc)

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