Common use of Rights on Change in Control Clause in Contracts

Rights on Change in Control. If within one year after, or ninety (90) days prior to, a Change in Control of the Company, the Company shall terminate the Executive's employment other than by reason of the Executive's death or Disability or for Cause, the Company shall pay to the Executive as compensation for services rendered, not later than the fifth business day after the date of termination: 6.2.1. The Executive's Base Salary through the date of termination, any Regular Benefits and incentive compensation for the fiscal year in which the termination occurs in accordance with any arrangements then existing with the Executive and proportionate to the period of the fiscal year which has expired prior to the termination; and 6.2.2. A lump sum severance payment equal to the Base Salary. 6.2.3. Any and all options granted to the Executive shall become automatically and immediately vested and exercisable.

Rights on Change in Control. If within one year after, or ninety (90) days prior to, a Change in Control of the Company, the Company shall terminate the Executive's ’s employment other than by reason of the Executive's ’s death or Disability or for Cause, the Company shall pay to the Executive as compensation for services rendered, not later than the fifth business day after the date of termination: 6.2.15.2.1. The Executive's ’s Base Salary through the date of termination, any Regular Benefits and incentive compensation for the fiscal year in which the termination occurs in accordance with any arrangements then existing with the Executive and proportionate to the period of the fiscal year which has expired prior to the termination; and 6.2.25.2.2. A lump sum severance payment equal to the six (6) months of Base Salary. 6.2.3. Any and all options granted to the Executive shall become automatically and immediately vested and exercisable.