TERMINATION AS A RESULT OF A CHANGE IN CONTROL. If a Change in Control shall occur and (a) if, following the change in control, the Employee is terminated by the Company pursuant to Paragraphs 5.3 or 5.5 above; or, (b) if, following the change in control, resulting in the Employee voluntarily terminating his employment relationship within three (3) months of the change in control, the Employee will be eligible for the severance benefits set forth below.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. Subject to the qualifications of Paragraphs 6.4 and 6.5 below, if the Employee terminates this Agreement pursuant to the provisions of Paragraph 5.6 above, she shall be entitled to the same severance benefits described in Paragraph 6.1 above. In addition, all outstanding share options shall vest immediately.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. Executive may terminate Executive’s employment under this Agreement within 60 days of the occurrence of a Change in Control, as defined herein. The term “Change in Control” means: a change in control of the Company of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Exchange Act as in effect at the time of such “change in control”, provided that such a change in control shall be deemed to have occurred at such time as:
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. If Executive terminates his employment due to a Change in Control under Paragraph 4(a)(v), Executive shall be entitled to receive the payments and benefits set forth in Paragraph 4(b)(i) above.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. In the event of termination of Executive’s employment due to a Change in Control (under paragraph 4(a)(v), Executive shall be entitled to receive the payments and benefits set forth in Paragraph 4(b)(i) above, and in addition shall be entitled to a cash payment of $640,000 within thirty (30) days of such termination should the average per-share sale price resulting in the Change in Control be less than: (1) $6.50 per share in 2007 or (2) 7.50 per share in 2008 or thereafter.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. If a change in control shall occur and (a) if, following the change in control, the Employee is terminated by the Company or terminates for good reason pursuant to Paragraphs 5.3 or 5.5 above or (b) if the Employee voluntarily terminates his employment relationship upon or within six (6) months after the Change in Control for any reason, the Employee will be eligible for the severance compensation and benefits described in Paragraph 6.1 below. In addition, the provisions of Paragraph 4.5(c) shall apply to the Employee's stock options, restricted stock and other equity grants.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. In the event Executive terminates employment as a result of a change in control of the Company under the conditions in Section 7.7 of this Agreement, the Company shall pay the Executive:
(a) Base salary which would have been earned for a period of eighteen (18) months following the date of termination
(b) The pro-rated portion of the bonus that would have been earned in the year of termination In addition, all stock options granted Executive up to the date of termination under the conditions in Section 7.7 of this Agreement shall vest as of the date of termination. Such options must be exercised according to the Stock Option Plan of the Company under which the options were issued.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. If Employee is terminated prior to March 1, 2020 as a result of a “Change in Control” of TTC, then TTC agrees to reimburse Employee for any Loss (defined below) on the sale of the Residence, in accordance with the terms and conditions of this Agreement. TTC shall not have a responsibility to make any payment regarding any Loss for a termination for cause or for any reason other than a termination due to a Change in Control. The term “Change in Control” shall have the meaning ascribed to it in the Company’s Severance Plan (Taubman Severance Plan for Employees, Policy 2.4) effective as of the date of this Agreement.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. The 30th calendar day after after the Executive gives the Company written notice of termination as a result of Change in Control, as defined in Exhibit A to this Agreement.
TERMINATION AS A RESULT OF A CHANGE IN CONTROL. If the Company, without Cause, terminates the Executive’s employment under the provisions of Section 7.6, the Company shall pay the Executive, on the date of termination of employment, the Executive’s salary up to the date of termination of employment, plus vacation pay and unreimbursed business expenses through the termination of his employment. In addition, if such termination occurs prior to the expiration of the Employment Period, the Company shall pay the Executive, on the date of termination of employment, severance pay equal to 12 (twelve) months.
