Common use of Payment and Other Provisions After Change of Control Clause in Contracts

Payment and Other Provisions After Change of Control. (a) In the event Executive's employment with the Company is terminated within one year following the occurance of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, or (y) by Executive for Good Reason, then Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a), the following:

Appears in 2 contracts

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc), Employment Agreement (Information Resource Engineering Inc)

AutoNDA by SimpleDocs

Payment and Other Provisions After Change of Control. (a) In the event Executive's employment with the Company is terminated within one year following the occurance occurrence of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, or (y) by Executive for Good Reason, then Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a), the following:

Appears in 2 contracts

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc), Employment Agreement (Nastech Pharmaceutical Co Inc)

Payment and Other Provisions After Change of Control. (a) a. In the event the Executive's ’s employment with the Company is terminated within one year following the occurance occurrence of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, or (y) by Executive for Good Reason, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a)8.a., the following:

Appears in 1 contract

Samples: Employment Agreement (Safenet Inc)

Payment and Other Provisions After Change of Control. (a) In the event Executive's employment with the Company is terminated within one year following the occurance occurence of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, death or Disability, or (y) by Executive for Good Reason, and the date of such termination is (i) within one year following the occurrence of such Change of Control , or (ii) prior to the date upon which all options granted to the Executive pursuant to Section 4 hereof are fully vested,then Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a), the following:

Appears in 1 contract

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc)

AutoNDA by SimpleDocs

Payment and Other Provisions After Change of Control. (a) In the event the Executive's ’s employment with the Company is terminated within one year following the occurance occurrence of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, or (y) by Executive for Good Reason, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a9 (a), the following:

Appears in 1 contract

Samples: Employment Agreement (Safenet Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!