Common use of Termination of Employment Prior to a Change in Control Clause in Contracts

Termination of Employment Prior to a Change in Control. If, prior to a Change in Control, the Executive's employment with the Company is terminated (x) by the Company other than for Cause or Disability or (y) by the Executive for any reason the Company shall: (i) continue to pay and otherwise provide to the Executive, during any notice period (not to exceed thirty (30) days), all compensation, base salary and previously accrued but unpaid bonuses (if any) and shall continue to allow the Executive to participate in any welfare benefit plans in accordance with the terms of such plans; (ii) pay to the Executive any accrued but unused vacation pay; and (iii) pay to the Executive the Executive's then current base salary for a period of one (1) year following the Date of Termination, paid in installments at such times as Executive would normally receive payroll checks as though employed by the Company through the severance payment period.