Common use of Covered Termination In Connection with Change of Control Clause in Contracts

Covered Termination In Connection with Change of Control. In the event of a Covered Termination of Executive’s employment within the twelve (12) months following the effective date of a Change of Control, the vesting and/or exercisablity of each of Executive’s outstanding Pre-Agreement Stock Awards shall be accelerated automatically on the date of termination as to 100% of the shares subject to the Pre-Agreement Stock Award. In the event of a Covered Termination of Executive’s employment during a Change of Control Benefits Period, the vesting and/or exercisablity of each of Executive’s outstanding Post-Agreement Stock Awards shall be accelerated automatically immediately prior to the effective date of the Change of Control as to 100% of the shares subject to the Post-Agreement Stock Award.