Common use of Sale Event Provisions Clause in Contracts

Sale Event Provisions. The provisions of this Section 5 shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if the Date of Termination occurs upon the closing of a Sale Event or within 12 months thereafter (“Sale Event Period”). These provisions shall terminate and be of no further force or effect after a Sale Event Period.

Appears in 9 contracts

Samples: Employment Agreement (Carbon Black, Inc.), Employment Agreement (Carbon Black, Inc.), Employment Agreement (Carbon Black, Inc.)

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