Common use of Special Termination Clause in Contracts

Special Termination. In the event that (i) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (ii) any entity or person not now an executive officer of the Company becomes either individually or as part of a group the beneficial owner of 20% or more of the Company’s common stock, the Executive, by written notice to the Company, may elect to deem the Executive’s employment hereunder to have been terminated by the Company without cause under Section 2(b) hereof, in which event the Executive shall be entitled to the compensation provided for in Section 2(b).

Special Termination. In the event that (i) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (ii) any entity or person not now an executive officer officers of the Company becomes become either individually or as part of a group the beneficial owner of 20% or more of the Company’s 's common stock, the ExecutiveExecutive , by written notice to the Company, may elect to deem the Executive’s 's employment hereunder to have been terminated by the Company without cause under Section 2(b2(ii) hereof, in which event the Executive shall be entitled to the compensation provided for in Compensation payable pursuant to Section 2(b3(1).