Common use of Termination After a Change of Control Clause in Contracts

Termination After a Change of Control. In the event your employment with the Company is terminated by the Company without Cause or by you for Good Reason within six months following a Change of Control, the Company shall pay to you (i) your Base Salary, at the rate in effect at the date of termination, for the then remaining duration of the Term or 90 days after the date your employment with the Company terminates, whichever is greater, in cash, in one lump sum, within thirty (30) days from the date of termination plus (ii) within five business days following the date of determination, the amount of bonus to which you would have been entitled to under the Company's Executive Bonus Compensation Plan as if you were still employed by the Company as of such date, based upon your percentage of the Executive Bonus Compensation Plan in effect on the date of termination, which amount shall be pro-rated based upon the number of days in which you were employed in the year of termination. Notwithstanding the foregoing, all options granted to you by the Company shall automatically vest upon a Change of Control, whether or not you are terminated.

Termination After a Change of Control. In the event your employment with the Company is terminated by the Company without Cause or by you for Good Reason within six months following a Change of Control, the Company shall pay to you (i) your Base Salary, at the rate in effect at the date of termination, for the then remaining duration of the Term or 90 days after the date your employment with the Company terminates, whichever is greater, in cash, in one lump sum, within thirty (30) days from the date of termination plus (ii) within five business days following the date of determination, the amount of bonus to which you would have been entitled to under the Company's Executive Bonus Compensation Plan as if you were still employed by the Company as of such date, based upon your percentage of the Executive Bonus Compensation Plan in effect on the date of termination, which amount shall be pro-rated based upon the number of days in which you were employed in the year of termination. Notwithstanding the foregoing, all options granted to you by the Company shall automatically vest upon a Change of Control, whether or not you are terminated.days

Termination After a Change of Control. In the event your employment with the Company is terminated by the Company without Cause or by you for Good Reason within six months following a Change of Control, the Company shall pay to you (i) your Base Salary, at the rate in effect at the date of termination, for the then remaining duration of the Term or 90 days after the date your employment with the Company terminates, whichever is greater, in cash, cash in one lump sum, sum within thirty (30) days from the date of termination termination, plus (ii) on an annual basis for the then duration of the Term, within five business days following the date of determination, the amount of bonus to which you would have been entitled to under the Company's Executive Bonus Compensation Plan as if you were still employed by the Company as of such date, based upon your percentage of under the Executive Bonus Compensation Plan in effect on the date of termination, which amount shall be pro-rated based upon the number of days in which you were employed in the year of termination. Notwithstanding the foregoing, all options granted to you by the Company shall automatically vest upon a Change of Control, whether or not you are terminated.