Sale of Company. In the event that Employer is sold to another company the stock options granted to Employee under this Agreement shall immediately become fully vested to Employee. In the event that Employee is not retained by the acquiring company under the terms of this Agreement or other terms acceptable to Employee, Employee shall be entitled to severance pay equal to one (1) year of Employee's most recent Base Compensation.
Appears in 4 contracts
Samples: Executive Employment Agreement (California Culinary Academy Inc), Executive Employment Agreement (California Culinary Academy Inc), Executive Employment Agreement (California Culinary Academy Inc)
