Common use of Severance Payment and Equity Compensation Clause in Contracts

Severance Payment and Equity Compensation. (a) The Executive shall be entitled to receive a severance payment from the Company as provided herein (the “Severance Payment”) if the Executive has a Separation of Service within the first twelve (12) month period after the occurrence of a Change in Control, by reason of either:

Appears in 4 contracts

Samples: Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc), Change in Control Agreement (Molina Healthcare Inc)

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Severance Payment and Equity Compensation. (a) The Executive shall be entitled to receive a severance payment from the Company as provided herein (the “Severance Payment”) if the Executive has a Separation of Service within the first twelve (12) month period after the occurrence of a Change in Control, by reason of either:

Appears in 1 contract

Samples: Change in Control Agreement (Molina Healthcare Inc)

Severance Payment and Equity Compensation. (a) The Executive shall be entitled to receive a severance payment from the Company as provided herein (the "Severance Payment") if the Executive has a Separation of Service within the first twelve twenty-four (1224) month period after the occurrence of a Change in Control, by reason of either:

Appears in 1 contract

Samples: Change in Control Agreement (Superconductor Technologies Inc)

Severance Payment and Equity Compensation. (a) The Subject to Section 2(e), the Executive shall be entitled to receive a severance payment from the Company as provided herein (the "Severance Payment") if the Executive has a Separation of Service within the first twelve thirty-six (1236) month period after the occurrence of a Change in Control, by reason of either:

Appears in 1 contract

Samples: Change in Control Agreement (Superconductor Technologies Inc)

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Severance Payment and Equity Compensation. (a) The Executive shall be entitled to receive a severance payment from the Company as provided herein (the "Severance Payment") if the Executive has a Separation of Service within the first twelve (12) month period after the occurrence of a Change in Control, by reason of either:

Appears in 1 contract

Samples: Change in Control Agreement (Molina Healthcare Inc)

Severance Payment and Equity Compensation. (a) The Executive shall be entitled to receive a severance payment from the Company as provided herein (the "Severance Payment") if the Executive has a Separation of Service within the first twelve thirty-six (1236) month period after the occurrence of a Change in Control, by reason of either:

Appears in 1 contract

Samples: Change in Control Agreement (Superconductor Technologies Inc)

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