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

Termination Prior to a Change in Control. If the Company terminates Executive’s employment without Cause (excluding death or Disability) or if Executive resigns from employment with the Company for Good Reason and such termination occurs prior to a Change in Control, then subject to Section 4, Executive will receive the following:

Appears in 3 contracts

Samples: Severance and Change in Control Agreement (Scilex Holding Co), Severance and Change in Control Agreement (Scilex Holding Co), Severance and Change in Control Agreement (Scilex Holding Co)

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Termination Prior to a Change in Control. If In the Company terminates event that an Executive’s employment without Cause (excluding death or Disability) or if Executive resigns from employment with is terminated by the Company Company, other than for Good Reason and such termination occurs Cause, prior to a Change in ControlControl of the Company: (a) the Company shall make the payments and provide the benefits to which the Executive is entitled pursuant to the Service Agreement with the Executive dated March 11, then subject 1999; and (b) the provisions of Section 4.1 shall apply with respect to Section 4, Executive will receive the following:Stock Options and any outstanding shares of restricted stock.

Appears in 1 contract

Samples: Executive Retention Agreement (Bottomline Technologies Inc /De/)

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