Common use of Conditions to Payment of Benefits Clause in Contracts

Conditions to Payment of Benefits. Benefits shall be payable to the Executive under this Agreement if the Executive's employment is terminated: (i) by the Company for any reason other than for Cause (other than by reason of his death or permanent disability), or (ii) by the Executive for Good Reason, in either case, in immediate anticipation of, concurrently with, or within twelve months following a Change of Control.

Appears in 6 contracts

Samples: Change in Control Agreement (Tranzyme Inc), Change in Control Agreement (Tranzyme Inc), Change in Control Agreement (Tranzyme Inc)

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