Common use of EFFECT OF CHANGE IN CORPORATE CONTROL Clause in Contracts

EFFECT OF CHANGE IN CORPORATE CONTROL. (a) In the event of a Change in Corporate Control, the vesting of any restricted stock, stock options or other awards granted to the Executive under the terms of the Company's stock plans or any written agreement with Executive shall become immediately vested in full and, in the case of stock options, exercisable in full. In addition, if, at any time during the period of twelve (12) consecutive months following or six (6) months prior to the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) by the Company, the Executive shall be entitled to receive as severance pay from the Company in a lump sum payment within 30 days the amount equal to the sum of (i) 200% of the Executive's annual base salary in effect at the time of the Change in Corporate Control plus (ii) 200% of the annual bonus paid to the Executive with respect to the last fiscal year of the Company ending prior to the Change in Corporate Control.

EFFECT OF CHANGE IN CORPORATE CONTROL. (a) In the event of a Change in Corporate Control, the vesting of any restricted stock, stock options or other awards granted to the Executive under the terms of the Company's stock plans or any written agreement with Executive shall become immediately vested in full and, in the case of stock options, exercisable in full. In addition, if, at any time during the period of twelve (12) consecutive months following or six (6) months prior to the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) by the Company, the Executive shall be entitled to receive as severance pay from the Company in a lump sum payment within 30 days the amount equal to the sum of (i) 200250% of the Executive's annual base salary in effect at the time of the Change in Corporate Control plus (ii) 200250% of the annual bonus paid to the Executive with respect to the last fiscal year of the Company ending prior to the Change in Corporate Control.

EFFECT OF CHANGE IN CORPORATE CONTROL. (a) In the event of a Change in Corporate Control, the vesting of any restricted stock, stock options or other awards granted to the Executive under the terms of the Company's stock plans or any written agreement with Executive shall become immediately vested in full and, in the case of stock options, exercisable in full. In addition, if, at any time during the period of twelve (12) consecutive months following or six (6) months prior to the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) by the Company, the Executive shall be entitled to receive as severance pay from the Company in a lump sum payment within 30 days the amount equal to the sum of (i) 20050% of the Executive's annual base salary in effect at the time of the Change in Corporate Control plus (ii) 20050% of the annual bonus paid to the Executive with respect to the last fiscal year of the Company ending prior to the Change in Corporate Control.

EFFECT OF CHANGE IN CORPORATE CONTROL. (a) In the event of a Change in Corporate Control, the vesting of any restricted stock, stock options or other awards granted to the Executive under the terms of the Company's stock plans or any written agreement with Executive shall become immediately vested in full and, in the case of stock options, exercisable in full. In addition, if, at any time during the period of twelve (12) consecutive months following or six (6) months prior to the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) by the Company, the Executive shall be entitled to receive as severance pay from the Company in a lump sum payment within 30 days the amount equal to the sum of (i) 200250% of the Executive's annual base salary in effect at the time of the Change in Corporate Control plus (ii) 200250% of the annual bonus four most recent quarterly bonuses paid to the Executive with respect to the last fiscal year of the Company ending prior to the Change in Corporate Control. This severance pay shall be in lieu of any amounts set forth in Section 6 of this Agreement.

EFFECT OF CHANGE IN CORPORATE CONTROL. (a) In the event of a Change in Corporate Control, the vesting of any restricted stock, warrants and/or stock options or other awards granted to the Executive under this Agreement and/or under the terms of any of the Company's various warranty and stock option plans or any written agreement with Executive shall become immediately vested in full and, in the case of warrants and stock options, exercisable in fullfull immediately. In addition, if, at any time during the period of twelve (12) consecutive months following or six (6) months prior to the occurrence of a Change in Corporate Control, the Executive is involuntarily terminated (other than for Cause) by the Company, the Executive shall be entitled to receive as severance pay from in lieu of the Company monthly payments described in Section 5(a) above, a lump sum payment within 30 days the amount series of thirty-six (36) equal monthly payments, each equal to one-twelfth (1/12th) of the sum of (i) 200% of the Executive's annual base salary in effect at the time of the Change in Corporate Control plus (ii) 200% of the annual bonus paid to the Executive with respect to the last fiscal year of the Company ending prior to the Change in Corporate Control.