Common use of Restriction on Exercise of Termination Rights Clause in Contracts

Restriction on Exercise of Termination Rights. The Executive shall not be entitled to terminate the Employment Agreement because of a Change in Control (as that term is defined in the Employment Agreement) until the expiration of the twelve month period immediately following the payment by the Buyer for shares of Company common stock pursuant to the Offer (as that term is defined in the Merger Agreement), which twelve month period is hereinafter referred to as the "Transition Period").

Restriction on Exercise of Termination Rights. The Executive shall not be entitled to terminate the Employment Agreement because of a Change in Control (as that term is defined in the Employment Agreement) until the expiration of the twelve six month period immediately following the payment by the Buyer for shares of Company common stock pursuant to the Offer (as that term is defined in the Merger Agreement), which twelve six month period is hereinafter referred to as the "Transition Period").