Common use of Termination Following a Change of Control and Compensation Reduction Clause in Contracts

Termination Following a Change of Control and Compensation Reduction. (i) In the event that a “Change in Control,” as hereinafter defined, of the Company shall occur at any time during the Term or Renewal Term hereof, and within 12 months of the occurrence of such “Change in Control” event the Company terminates the Executive without Cause or the Executive shall terminate the Executive’s employment under this Agreement, then, in any such event such termination shall be deemed to be a Termination by the Company Other than for Cause and the Executive shall be entitled to such compensation and benefits as set forth in Section 6(d) of this Agreement. In addition, upon the effective date of such termination, the vesting of the Stock Option or any other shares of capital stock of the Company subject to all equity awards granted during the Term or any Renewal Term that remain outstanding as of the time of such termination, shall accelerate as to 50% of the then unvested equity awards.

Termination Following a Change of Control and Compensation Reduction. (i) In the event that a “Change in Control,” as hereinafter defined, of the Company shall occur at any time after the Initial Term and during the Term or any Renewal Term hereof, and within 12 months of the occurrence of such “Change in Control” event the Company terminates the Executive without Cause or the Executive shall terminate the Executive’s employment under this Agreement, then, in any such event such termination shall be deemed to be a Termination by the Company Other than for Cause and the Executive shall be entitled to such compensation and benefits as set forth in Section 6(d) of this Agreement. In addition, upon the effective date of such termination, the vesting of the Stock Option or any other shares of capital stock of the Company subject to all equity awards granted during the Term or any Renewal Term that remain outstanding as of the time of such termination, shall accelerate as to 50% of the then unvested equity awards.

Termination Following a Change of Control and Compensation Reduction. (i) In the event that a “Change in Control,” as hereinafter defined, of the Company shall occur at any time during the Term or Renewal Term hereof, and within 12 months of the occurrence of such “Change in Control” event the Company terminates the Executive without Cause or the Executive shall terminate the Executive’s employment under this Agreement, then, in any such event such termination shall be deemed to be a Termination by the Company Other than for Cause and the Executive shall be entitled to such compensation and benefits as set forth in Section 6(d) of this Agreement. In addition, upon the effective date of such termination, the vesting of the Stock Option or any other shares of capital stock of the Company subject to all equity awards granted during the Term or any Renewal Term that remain outstanding as of the time of such termination, shall accelerate as to 50100% of the then unvested equity awards.