Common use of Involuntary Resignation Clause in Contracts

Involuntary Resignation. If the Executive resigns from all offices and directorships of the Company and all its subsidiaries and affiliates for any of the reasons set forth in Sections 6.4.1 through 6.4.6, such resignation shall be deemed an "Involuntary Resignation," and the Executive shall be entitled to receive the same severance compensation as is, and all other rights and benefits, provided for in Section 6.3 except that, if the Involuntary Resignation occurs as a result of or following a "change in control" (as defined in Section 6.4.7 below), any cash or in kind payments shall be paid to the Executive in a lump sum as soon as administratively practicable (but in no event later than 30 days) following the change in control. The Executive's rights to exercise options to purchase option shares in accordance with the vesting schedule set forth in the Option Agreements shall not be affected by an Involuntary Resignation.

Involuntary Resignation. If the Executive resigns from all offices and directorships of the Company and all its subsidiaries and affiliates for any of the reasons set forth in Sections 6.4.1 through 6.4.6, such resignation shall be deemed an "Involuntary Resignation," and the Executive shall be entitled to receive the same severance compensation as is, and all other rights and benefits, provided for in Section Sections 5.7 and 6.3 except that, if the Involuntary Resignation occurs as a result of or following a "change in control" (as defined in Section 6.4.7 6.4.5 below), any cash or in kind payments shall be paid to the Executive in a lump sum as soon as administratively practicable (but in no event later than 30 days) following the change in control. The Executive's rights to exercise options to purchase option shares in accordance with the vesting schedule set forth in the Option Agreements Agreement shall not be affected by an Involuntary Resignation.