Impact of Change in Control. (i) If Executive’s employment is terminated by the Company without Cause or Executive resigns for Good Reason within three months prior to, or within 12 months following, the consummation of a Change in Control of the Company, Executive shall be entitled to receive the Accrued Compensation and the additional payments and benefits set forth in Section 5(c) hereof on the same terms and conditions, including the execution and effectiveness of the Release by the Release Deadline, provided that all Equity Awards subject to time-based vesting then held by Executive shall vest with respect to 100% of the shares underlying such Equity Awards with such additional acceleration effective on the Release Deadline following the later of such termination or the consummation of the Change in Control.
Appears in 7 contracts
Samples: Executive Employment Agreement (Vincerx Pharma, Inc.), Executive Employment Agreement (Vincerx Pharma, Inc.), Executive Employment Agreement (Vincerx Pharma, Inc.)
