Following a Change in Control. This Agreement may be terminated by Employee, within six (6) months after a “Change in Control” of the Company (as defined below); provided that after such Change in Control of the Company, Employee’s base salary or other benefits have been reduced or the Employee’s authority or responsibilities have been significantly reduced. If Employee terminates his employment pursuant to this provision, he shall be entitled to the following: (i) his base salary and fringe benefits for one (1) year following the date of termination; (ii) any bonus earned and/or accrued through the date of termination; and (iii) the immediate vesting of one-hundred percent (100%) of the unvested stock options held by the Employee, with the immediately vesting options becoming exercisable on the date of termination and through a period of at least ninety (90) days following the date of termination.
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Samples: Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc), Employment Agreement (Pinnacle Data Systems Inc)
Following a Change in Control. This Agreement may be terminated by EmployeeAssociate, within six (6) months after a “Change in Control” of the Company (as defined below); provided that after such Change in Control of the Company, EmployeeAssociate’s base salary or other benefits have been reduced or the EmployeeAssociate’s authority or responsibilities have been significantly reduced. If Employee Associate terminates his employment pursuant to this provision, he shall be entitled to the following: (i) his base salary and fringe benefits for one six (16) year months following the date of termination; (ii) any bonus earned and/or accrued through the date of termination; and (iii) the immediate vesting of one-hundred percent (100%) of the unvested stock options held by the Employee, with the immediately vesting options becoming exercisable on the date of termination and through a period of at least ninety (90) days following the date of termination.
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