Common use of Termination Without Cause in Connection with or Following a Change in Control Clause in Contracts

Termination Without Cause in Connection with or Following a Change in Control. Executive shall become entitled to receive the compensation provided for in Section 4.1, and the acceleration provided for in Section 4.2, hereof if Executive is an active full time employee of the Company, and (i) there occurs a “Change in Control” (as defined in Section 3.1 below), and (ii) in connection therewith, or thereafter within the succeeding twenty four (24) months, the Company terminates Executive’s employment without “Cause” (as defined in Section 3.2 below).

Appears in 6 contracts

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

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