Common use of Sale or Change of Control Clause in Contracts

Sale or Change of Control. (a) In the event of sale or change of control of Technologies which results in the Executive being offered a Management Agreement with the new owners or the New Company (NewCo) that is comparable to this Agreement, then the obligations of Technologies under this Agreement shall terminate effective on the execution of the comparable Management Agreement between the Executive and the new owners or NewCo. The new Management Agreement will specifically include comparable exchange of stock options, compensation, management duties and responsibilities, and geographical location among other things.

Sale or Change of Control. (a) In the event of sale a Sale of the Company or change Change of control Control of Technologies which results in the Executive being offered and accepting a Management Agreement with the new owners or the New Company new company (“NewCo”) that is substantially comparable to this Agreement, then the obligations of Technologies under this Agreement shall terminate effective on the execution of the comparable Management Agreement between the Executive and the new owners or NewCo. The new Management Agreement will specifically include comparable exchange of stock options, compensation, management duties and responsibilities, geographical location, and geographical location severance and equity award rights and terms, as set forth in this Agreement, among other things.

Sale or Change of Control. (a) In the event of sale Sale of the Company or change Change of control Control of Technologies which results in the Executive being offered and accepting a Management Agreement with the new owners or the New Company new company (“NewCo”) that is substantially comparable to this Agreement, then the obligations of Technologies under this Agreement shall terminate effective on the execution of the comparable Management Agreement between the Executive and the new owners or NewCo. The new Management Agreement will specifically include comparable exchange of stock options, compensation, management duties and responsibilities, and geographical location and severance and equity award rights and terms, as set forth in this Agreement, among other things.