Common use of Severance Benefits upon Change of Control Clause in Contracts

Severance Benefits upon Change of Control. If: (A) your employment is terminated by the Company (except for termination for Cause or due to a Disability) and the Termination Date is within 90 days prior to a Change of Control or within 12 months after a Change of Control; or (B) you, of your own initiative, (i) terminate your employment for Good Reason (in accordance with the notice and cure provisions set forth in Section I.5 above) and (ii) the event giving rise to Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, you shall receive the following benefits:

Appears in 11 contracts

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma), Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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Severance Benefits upon Change of Control. If: (A) your employment is terminated by the Company (except for termination for Cause or due to a DisabilityDisability or death) and the Termination Date is within 90 days prior to a Change of Control or within 12 months after a Change of Control; or (B) you, of your own initiative, you (i) terminate your employment for Good Reason (in accordance with the notice and cure provisions set forth in Section I.5 above) and (ii) the event giving rise to Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, you shall receive the following benefits:

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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Severance Benefits upon Change of Control. If: (A) your employment is terminated by the Company (except for termination for Cause or due to a DisabilityDisability or death) and the Termination Date is within 90 days prior to a Change of Control or within 12 months after a Change of Control; or (B) you, of your own initiative, (i) terminate your employment for Good Reason (in accordance with the notice and cure provisions set forth in Section I.5 above) and (ii) the event giving rise to Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, you shall receive the following benefits:

Appears in 1 contract

Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)

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