Termination After a Change of Control. Subject to the terms and conditions of this Agreement, including Section 7(h) below, if a Change of Control (as defined below) occurs and Executive is terminated pursuant to Section 6(b)(3) or Executive terminates this Agreement during the Employment Period pursuant to Section 6(c)(1) within 90 days after such occurrence, then the Company will pay Executive severance in the amount of three months of Base Salary in a lump sum within 60 days after the Termination Date subject to all applicable withholding.
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Samples: Employment Agreement (Ocean Power Technologies, Inc.), Employment Agreement (Ocean Power Technologies, Inc.)
Termination After a Change of Control. Subject to the terms and conditions of this Agreement, including Section 7(h) below, if a Change of Control (as defined below) occurs and Executive is terminated pursuant to Section 6(b)(3) or Executive terminates this Agreement during the Employment Period pursuant to Section 6(c)(1) within 90 days after such occurrence, then the Company will pay Executive severance in the amount of three months of one year’s Base Salary in a lump sum within 60 days after the Termination Date subject to all applicable withholding.
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Termination After a Change of Control. Subject to the terms and conditions of this Agreement, including Section 7(h) below, if a Change of Control (as defined below) occurs and Executive is terminated pursuant to Section 6(b)(3) or Executive terminates this Agreement during the Employment Period pursuant to Section 6(c)(1) within 90 days after such occurrence, then the Company will pay Executive severance in the amount of three months one year of Base Salary in a lump sum within 60 days after the Termination Date subject to all applicable withholding.
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Samples: Employment Agreement (Ocean Power Technologies, Inc.)
Termination After a Change of Control. Subject to the terms and conditions of this Agreement, including Section 7(h) below, if a Change of Control (as defined below) occurs and Executive is terminated pursuant to Section 6(b)(3) or Executive terminates this Agreement during the Employment Period pursuant to Section 6(c)(1) within 90 days after such occurrence, then the Company will pay Executive severance in the amount of three months of twelve months’ Base Salary in a lump sum within 60 days after the Termination Date subject to all applicable withholding.
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