Common use of Special Termination Clause in Contracts

Special Termination. In the event that (i) the Executive, with or without change in title or formal corporate action, shall no longer exercise all of the duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) 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 5(a) hereof, in which event the Executive shall be entitled to the compensation payable pursuant to clauses (i)and (ii) of Section 5(a). In such event, the Company shall release the Executive from the provisions of Section 6.

Special Termination. In the event that (i) the Executive, with or without change in title or formal corporate action, shall no longer exercise all of the duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) any entity or person not now an executive officer or majority shareholder of the Company becomes either individually or as part of a group the beneficial owner of 2051% 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 5(a) hereof, in which event the Executive shall be entitled to the compensation payable pursuant to clauses (i)and i) and (ii) of Section 5(a). In such event, the Company shall release the Executive from the provisions of Section 6.

Special Termination. In the event that (i) the Executiveexecutive, with or without a change in title or formal corporate action, shall no longer exercise all of the his duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2Section2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) 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 common stock, the ExecutiveExecutive e, 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 5(a2(ii) hereof, in which event the Executive shall be entitled to the compensation Compensation payable pursuant to clauses (i)and (ii) of Section 5(a3(1). In such event, the Company shall release the Executive from the provisions of Section 6.

Special Termination. In the event that (i) the Executive, with or without change in title or formal corporate action, shall no longer exercise all of the duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) 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 5(a) hereof, in which event the Executive shall be entitled to the compensation payable pursuant to clauses (i)and (iii)-(iii) of Section 5(a). In such event, the Company shall release the Executive from the provisions of Section 6.

Special Termination. In the event that (i) the Executiveexecutive, with or without a change in title or formal corporate action, shall no longer exercise all of the his duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) 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 common stock, the ExecutiveExecutive e, 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 5(a2(ii) hereof, in which event the Executive shall be entitled to the compensation Compensation payable pursuant to clauses (i)and (ii) of Section 5(a3(1). In such event, the Company shall release the Executive from the provisions of Section 6.

Special Termination. In the event that (i) the Executiveexecutive, with or without a change in title or formal corporate action, shall no longer exercise all of the his duties and responsibilities and shall no longer possess substantially all the authority set forth in Section 2; or (ii) the Company materially breaches this Agreement or the performance of its duties and obligations hereunder; or (iii) 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 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 5(a2(ii) hereof, in which event the Executive shall be entitled to the compensation Compensation payable pursuant to clauses (i)and (ii) of Section 5(a3(1). In such event, the Company shall release the Executive from the provisions of Section 6.