Common use of Termination of Employment On or After a Change in Control Clause in Contracts

Termination of Employment On or After a Change in Control. (a) For purposes of this Agreement the term "Change in Control" means the change in the legal or beneficial ownership of fifty-one percent (51%) of the shares of the Company's common stock within a six-month period other than by death or operation of law, or the sale of ninety percent (90%) or more of the Company's aggregate assets within a six-month period. Sale of the Company's stock in a subsidiary or a subsidiary's assets shall not be considered a Change in Control.