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 and (ii) provide notice of termination within 30 days after the event that constitutes Good Reason and the event giving rise to the notice occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, in exchange for a general release by you of all claims against the Company, its subsidiaries, and its and their officers, directors and representatives, in a form satisfactory to the Company, you shall receive the following benefits:
Appears in 5 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)
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) provide notice of termination within 30 days after the event that constitutes Good Reason and the event giving rise to the notice Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, in exchange for a general release executed by you within 30 days of your Termination Date of all claims against the Company, its subsidiaries, and its and their officers, directors and representatives, in a form satisfactory to the Company, you shall receive the following benefits:
Appears in 3 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)
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 5 above) and (ii) provide notice of termination within 30 days after the event that constitutes Good Reason and the event giving rise to the notice Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, in exchange for a general release by you of all claims against the Company, its subsidiaries, and its and their officers, directors and representatives, in a form satisfactory to the Company, you shall receive the following benefits:
Appears in 1 contract
Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)
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 Reason, and (ii) provide notice of termination within 30 90 days after the event that constitutes Good Reason and the event giving rise to the notice occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, in exchange for a general release by you of all claims against the Company, its subsidiaries, and its and their officers, directors and representatives, in a form satisfactory to the Company, you shall receive the following benefits:
Appears in 1 contract
Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)
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) provide notice of termination within 30 days after the event that constitutes Good Reason and the event giving rise to the notice Good Reason occurs within 90 days prior to a Change of Control or within 12 months after a Change of Control; then, in exchange for a general release executed by you you, which becomes enforceable and irrevocable within 60 days of your Termination Date, of all claims against the Company, its subsidiaries, and its and their officers, directors and representatives, in a form satisfactory to the Company, you shall receive the following benefits:
Appears in 1 contract
Samples: Change of Control Agreement (Vertex Pharmaceuticals Inc / Ma)