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 the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability) following the occurrence of a Change of Control, and such termination is without Cause if by the Company, or for Good Reason if by Executive, and the date of such termination is within one (1) year following the occurrence of such Change of Control, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 hereof, salary, expense reimbursement, and pay for unused paid time off through the termination date and, in addition, the following:

Appears in 2 contracts

Samples: Employment Agreement (World Series of Golf, Inc.), Employment Agreement (MDRNA, Inc.)

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Payment and Other Provisions After Change of Control. (a) In the event the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability) following the occurrence of a Change of Control, and such termination is without Cause if by the Company, or for Good Reason if by Executive, and the date of such termination is prior to March 7, 2011, and within one (1) year following the occurrence of such Change of Control, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 hereof, salary, expense reimbursement, and pay for unused paid time off through the termination date and, in addition, the following:

Appears in 1 contract

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc)

Payment and Other Provisions After Change of Control. (a) In the event the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability) following the occurrence of a Change of Control, and such termination is without Cause if by the Company, or for Good Reason if by Executive, and the date of such termination is within one (1) year following the occurrence of such Change of Control, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 10 hereof, salary, expense reimbursement, and pay for unused paid time off through the termination date and, in addition, the following:

Appears in 1 contract

Samples: Employment Agreement (World Series of Golf, Inc.)

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Payment and Other Provisions After Change of Control. (a) In the event the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability) following the occurrence of a Change of Control, and such termination is without Cause if by the Company, or for Good Reason if by Executive, and the date of such termination is prior to December 31, 2010 and within one (1) year following the occurrence of such Change of Control, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 hereof, salary, expense reimbursement, and pay for unused paid time off through the termination date and, in addition, the following:

Appears in 1 contract

Samples: Employment Agreement (Nastech Pharmaceutical Co Inc)

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