Common use of Termination by Mr Clause in Contracts

Termination by Mr. Xxxxxxx. (i) Mr. Xxxxxxx xxx resign his employment on sixty (60) days' prior written notice to the Company, in which event the Company shall continue to pay him his salary at the rate then in effect for such sixty-day period; provided however, that in the event that Mr. Xxxxxxx xxxes notice of his resignation within sixty (60) days after a Change in Control of the Company (as defined below), all stock options then held by Mr. Xxxxxxx xxxll thereupon become exercisable in full, and the Company shall pay Mr. Xxxxxxx xxx amount provided for under Section 8(a)(ii), above, as if his employment had been terminated by the Company without Cause on the date Mr. Xxxxxxx xxxe the Company notice of his resignation. (ii) For purposes of this Section 8(b), a "Change in Control of the Company" shall mean the acquisition after the date hereof by a person, an entity or a group of persons or entities of 20% or more of the voting securities of the Company's parent corporation. (iii) The Company may deem any such notice given by Mr. Xxxxxxx xx a resignation by him, effective upon the giving of such notice, of any one or more of the offices then held by him in the Company and its subsidiaries.

Termination by Mr. XxxxxxxXxxxxx. (i) Mr. Xxxxxxx Xxxxxx xxx resign his employment on sixty (60) days' prior written notice to the Company, in which event the Company shall continue to pay him his salary at the rate then in effect for such sixty-day period; provided however, that in the event that Mr. Xxxxxxx Xxxxxx xxxes notice of his resignation within sixty (60) days after a Change in Control of the Company (as defined below), all stock options then held by Mr. Xxxxxxx Xxxxxx xxxll thereupon become exercisable in full, and the Company shall pay Mr. Xxxxxxx Xxxxxx xxx amount provided for under Section 8(a)(ii9(a)(ii), above, as if his employment had been terminated by the Company without Cause on the date Mr. Xxxxxxx Xxxxxx xxxe the Company notice of his resignation. (ii) For purposes of this Section 8(b9(b), a "Change in Control of the Company" shall mean the acquisition after the date hereof by a person, an entity or a group of persons or entities of 20% or more of the Company's voting securities (other than as a result of the exercise by stockholders of rights under the Company's parent corporationShareholders Rights Plan). (iii) The Company may deem any such notice given by Mr. Xxxxxxx Xxxxxx xx a resignation by him, effective upon the giving of such notice, of the Chairmanship of the Board of Directors and of any one or more of the offices then held by him in the Company and its subsidiaries.

Termination by Mr. Xxxxxxx. (i) Mr. Xxxxxxx xxx resign his employment on sixty (60) days' prior written notice to the Company, in which event the Company shall continue to pay him his salary at the rate then in effect for such sixty-day period; provided however, that in the event that Mr. Xxxxxxx xxxes notice of his resignation within sixty (60) days after a Change in Control of the Company (as defined below), all stock options then held by Mr. Xxxxxxx xxxll thereupon become exercisable in full, and the Company shall pay Mr. Xxxxxxx xxx amount provided for under Section 8(a)(ii9(a)(ii), above, as if his employment had been terminated by the Company without Cause on the date Mr. Xxxxxxx xxxe the Company notice of his resignation. (ii) For purposes of this Section 8(b9(b), a "Change in Control of the Company" shall mean the acquisition after the date hereof by a person, an entity or a group of persons or entities of 20% or more of the Company's voting securities (other than as a result of the exercise by stockholders of rights under the Company's parent corporationShareholders Rights Plan). (iii) The Company may deem any such notice given by Mr. Xxxxxxx xx a resignation by him, effective upon the giving of such notice, of any one or more of the offices then held by him in the Company and its subsidiaries.

Termination by Mr. XxxxxxxXxxxxx. (i) Mr. Xxxxxxx Xxxxxx xxx resign his employment on sixty (60) days' prior written notice to the Company, in which event the Company shall continue to pay him his salary at the rate then in effect for such sixty-day period; provided however, that in the event that Mr. Xxxxxxx Xxxxxx xxxes notice of his resignation within sixty (60) days after a Change in Control of the Company (as defined below), all stock options then held by Mr. Xxxxxxx xxxll thereupon become exercisable in full, and the Company shall pay Mr. Xxxxxxx Xxxxxx xxx amount provided for under Section 8(a)(ii9(a)(ii), above, as if his employment had been terminated by the Company without Cause on the date Mr. Xxxxxxx xxxe Xxxxxx gave the Company notice of his resignation. (ii) For purposes of this Section 8(b9(b), a "Change in Control of the Company" shall mean the acquisition after the date hereof by a person, an entity or a group of persons or entities of 20% or more of the Company's voting securities (other than as a result of the exercise by stockholders of rights under the Company's parent corporationShareholders Rights Plan). (iii) The Company may deem any such notice given by Mr. Xxxxxxx Xxxxxx xx a resignation by him, effective upon the giving of such notice, of the Chairmanship of the Board of Directors and of any one or more of the offices then held by him in the Company and its subsidiaries.

Termination by Mr. XxxxxxxXxxxxx. (i) Mr. Xxxxxxx Xxxxxx xxx resign his employment on sixty (60) days' prior written notice to the Company, in which event the Company shall continue to pay him his salary at the rate then in effect for such sixty-day period; provided however, that in the event that Mr. Xxxxxxx Xxxxxx xxxes notice of his resignation within sixty (60) days after a Change in Control of the Company (as defined below), all stock options then held by Mr. Xxxxxxx Xxxxxx xxxll thereupon become exercisable in full, and the Company shall pay Mr. Xxxxxxx Xxxxxx xxx amount provided for under Section 8(a)(ii), above, as if his employment had been terminated by the Company without Cause on the date Mr. Xxxxxxx xxxe Xxxxxx gave the Company notice of his resignation. (ii) For purposes of this Section 8(b), a "Change in Control of the Company" shall mean the acquisition after the date hereof by a person, an entity or a group of persons or entities of 20% or more of the voting securities of the Company's parent corporation. (iii) The Company may deem any such notice given by Mr. Xxxxxxx Xxxxxx xx a resignation by him, effective upon the giving of such notice, of any one or more of the offices (including Chairmanship of the Board of Directors) then held by him in the Company and its subsidiaries.