Common use of Termination or Resignation Following a Change in Control Clause in Contracts

Termination or Resignation Following a Change in Control. If a "Change in -------------------------------------------------------- Control" (as hereinafter defined) of the Company occurs after the date hereof and after such Change in Control either (i) the Company terminates Employee without "Cause" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control or, (ii) Employee resigns with "Good Reason" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control, then as a severance benefit and in lieu of all other compensation or damages (except as set forth in section 4 hereof) the Company shall:

Appears in 2 contracts

Samples: Employment Agreement (Lantronix Inc), Employment Agreement (Lantronix Inc)

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Termination or Resignation Following a Change in Control. If a -------------------------------------------------------- "Change in -------------------------------------------------------- Control" (as hereinafter defined) of the Company occurs after the date hereof and after such Change in Control either (i) the Company terminates Employee without "Cause" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control or, (ii) Employee resigns with "Good Reason" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control, then as a severance benefit and in lieu of all other compensation or damages (except as set forth in section 4 hereof) the Company shall:

Appears in 2 contracts

Samples: Employment Agreement (Lantronix Inc), Employment Agreement (Lantronix Inc)

Termination or Resignation Following a Change in Control. If a -------------------------------------------------------- "Change in -------------------------------------------------------- Control" (as hereinafter defined) of the Company occurs after the date hereof hereof, and after such Change in Control either (i) the Company terminates Employee Executive without "Cause" (( as hereinafter defined) on or before the two year anniversary of the date of the Change in Control orControl, or (ii) Employee Executive resigns with "Good Reason" (as hereinafter defined) defined on or before the two year anniversary of the date of the Change in Control, then as a severance benefit and in lieu of all other compensation or damages (except as set forth in section 4 Section 3 hereof) the Company shall:

Appears in 2 contracts

Samples: Employment Agreement (Lantronix Inc), Severance Agreement (Lantronix)

Termination or Resignation Following a Change in Control. If a "Change -------------------------------------------------------- in -------------------------------------------------------- Control" (as hereinafter defined) of the Company occurs after the date hereof hereof, and after or in connection with such Change in Control either (i) the Company terminates Employee Executive without "Cause" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control orControl, or (ii) Employee Executive resigns with "Good Reason" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control, then as a severance benefit and in lieu of all other compensation or damages (except as set forth in section Section 4 hereof) the Company shall:

Appears in 2 contracts

Samples: Severance Agreement (Lantronix Inc), Severance Agreement (Lantronix Inc)

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Termination or Resignation Following a Change in Control. If a "Change in -------------------------------------------------------- Control" (as hereinafter defined) of the Company occurs after the date hereof hereof, and after such Change in Control either (i) the Company terminates Employee Executive without "Cause" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control orControl, or (ii) Employee Executive resigns with "Good Reason" (as hereinafter defined) on or before the two year anniversary of the date of the Change in Control, then as a severance benefit and in lieu of all other compensation or damages (except as set forth in section Section 4 hereof) the Company shall:

Appears in 1 contract

Samples: Severance Agreement (Lantronix)

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