Termination Following Change of Control. If a "Change in Control", as defined in Section 9(e)(v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii), then you shall be entitled to the benefits described below: (i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "Unpaid Earned Compensation"), plus 1.0 times your "Current Annual Compensation" as defined in this Section 9(e)(i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company), and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.
Appears in 11 contracts
Samples: Employment Agreement (Applied Innovation Inc), Employment Agreement (Applied Innovation Inc), Employment Agreement (Applied Innovation Inc)
Termination Following Change of Control. If a "“Change in Control"”, as defined in Section 9(e)(v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "“Unpaid Earned Compensation"”), plus 1.0 times your "“Current Annual Compensation" ” as defined in this Section 9(e)(i) (the "“Salary Termination Benefit"”). "“Current Annual Compensation" ” shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.”
Appears in 5 contracts
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "“Change in Control"”, as defined in Section 9(e)(v8 e) (v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b8.b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii8 e) (vi), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "“Unpaid Earned Compensation"”), plus 1.0 times your "“Current Annual Compensation" ” as defined in this Section 9(e)(i8e (i) (the "“Salary Termination Benefit"”). "“Current Annual Compensation" ” shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.”
Appears in 5 contracts
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "Change in Control", as defined in Section 9(e)(v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii), or if you terminate your employment for any reason during the 13th month following a Change in Control, then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "Unpaid Earned Compensation"), plus 1.0 2.0 times your "Current Annual Compensation" as defined in this Section 9(e)(i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company), and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.
Appears in 3 contracts
Samples: Employment Agreement (Applied Innovation Inc), Employment Agreement (Applied Innovation Inc), Employment Agreement (Applied Innovation Inc)
Termination Following Change of Control. If a "Change in Control", as defined in Section 9(e)(v8 e) (v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b8.b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii8 e) (vi), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "Unpaid Earned Compensation"), plus 1.0 times your "Current Annual Compensation" as defined in this Section 9(e)(i8e (i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits."
Appears in 3 contracts
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "“Change in Control", ” as defined in Section 9(e)(v8 (e) (v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b8 (b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii8(e) (vi), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "“Unpaid Earned Compensation"”), plus 1.0 times your "“Current Annual Compensation" ” as defined in this Section 9(e)(i8e (i) (the "“Salary Termination Benefit"”). "“Current Annual Compensation" ” shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k401 (k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.”
Appears in 3 contracts
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.), Non Competition Agreement (Commercial Vehicle Group, Inc.), Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "“Change in Control"”, as defined in Section 9(e)(v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "“Unpaid Earned Compensation"”), plus 1.0 2.0 times your "“Current Annual Compensation" ” as defined in this Section 9(e)(i) (the "“Salary Termination Benefit"”). "“Current Annual Compensation" ” shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.”
Appears in 1 contract
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "Change in Control", as defined in Section 9(e)(v8 e) (v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b7.b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii8 e) (vi), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "Unpaid Earned Compensation"), plus 1.0 times your "Current Annual Compensation" as defined in this Section 9(e)(i8e (i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period of time over such period during which you performed services for the Company)) plus any medical, financial and insurance coverage provided presently under your current annual compensation plan, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits."
Appears in 1 contract
Samples: Change in Control & Non Competition Agreement (Commercial Vehicle Group, Inc.)
Termination Following Change of Control. If a "Change in Control", as defined in Section 9(e)(v), shall have occurred and within 13 months following such Change in Control the Company terminates your employment other than for Cause, as defined in Section 9(b), or you terminate your employment for Good Reason, as that term is defined in Section 9(e)(vii), then you shall be entitled to the benefits described below:
(i) You shall be entitled to the unpaid portion of your Basic Salary plus credit for any vacation accrued but not taken and the amount of any earned but unpaid portion of any bonus, incentive compensation, or any other Fringe Benefit to which you are entitled under this Agreement through the date of the termination as a result of a Change in Control (the "Unpaid Earned Compensation"), plus 1.0 times your "Current Annual Compensation" as defined in this Section 9(e)(i) (the "Salary Termination Benefit"). "Current Annual Compensation" shall mean the total of your Basic Salary in effect at the Termination Date, plus the average annual performance bonus actually received by you over the last three years fiscal years (or if you have been employed for a shorter period years, except that only 50% of time over any such period during which you performed services for the Company)bonuses received in fiscal 1999, 2000 and 2001 shall be included in such calculation, and shall not include the value of any stock options granted or exercised, restricted stock awards granted or vested, contributions to 401(k) or other qualified plans, medical, dental, or other insurance benefits, or other fringe benefits.
Appears in 1 contract