Common use of Severance Payments Upon a Change of Control Clause in Contracts

Severance Payments Upon a Change of Control. In the event of any termination of the Executive’s employment pursuant to Section 4(b) or Section 4(c) above within (x) 12 months following a Change of Control or (y) within the sixty (60) day period prior to the date of a Change of Control where the Change in Control was under consideration at the time of the Executive’s termination, the Executive will be eligible to receive the following severance benefits in lieu of any severance benefits of any kind under Section 5(b):

Appears in 5 contracts

Samples: Employment Agreement (Advent Technologies Holdings, Inc.), Employment Agreement (Advent Technologies Holdings, Inc.), Employment Agreement (Advent Technologies Holdings, Inc.)

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