Common use of Rights in the Event of Certain Terminations Following Change in Control Clause in Contracts

Rights in the Event of Certain Terminations Following Change in Control. In the event the Executive validly and timely delivers a Notice of Termination to the Company, he will be entitled to receive the following payments: (a) Over a period of 12 months following the date of termination of employment, the Executive shall be paid an amount equal to his Highest Annual Compensation. (i) For purposes of this Agreement, the term “Highest Annual Compensation” means a dollar amount equal to the highest of the Executive’s annualized base salary amount payable to him by the Company during the term of this Agreement.

Rights in the Event of Certain Terminations Following Change in Control. In the event the Executive validly and timely delivers a Notice of Termination to the Company, he will be entitled to receive the following paymentspayment: (a) Over a period of 12 months following the date of termination of employment, the Executive shall be paid an amount equal to his Highest Annual Compensation. (i) For purposes of this Agreement, the term “Highest Annual Compensation” means a dollar amount equal to the highest of the Executive’s annualized base salary amount payable to him by the Company during the term of this Agreement.

Rights in the Event of Certain Terminations Following Change in Control. In the event the Executive validly and timely delivers a Notice of Termination to the Company, he she will be entitled to receive the following paymentspayment: (a) Over a period of 12 months following the date of termination of employment, the Executive shall be paid an amount equal to his her Highest Annual Compensation. (i) For purposes of this Agreement, the term “Highest Annual Compensation” means a dollar amount equal to the highest of the Executive’s annualized base salary amount payable to him her by the Company during the term of this Agreement.