Termination Without Cause or by Executive With Good Reason. Subject to Section 6 below, if the Company terminates Executive’s employment without Cause, or the Executive terminates for Good Reason, Executive shall be entitled to: (a) the Accrued Obligations; (b) an amount equal to twelve (12) months of the Base Salary as in effect immediately prior to the Termination Date, paid in a lump sum on the sixtieth (60th) day following the Termination Date; (c) medical, dental benefits provided by the Company to Executive and Executive’s spouse and dependents (in each case, as provided in any applicable plan) at least equal to the levels of benefits provided to other similarly situated active employees of the Company and its subsidiaries until the earlier of (i) the twelve (12) month anniversary of the Termination Date or (ii) the date that Executive becomes covered under a subsequent employer’s medical and dental plans; and (d) acceleration of vesting of all equity and equity-based awards.
Appears in 8 contracts
Samples: Executive Severance and Change in Control Agreement, Executive Severance and Change in Control Agreement (Ritter Pharmaceuticals Inc), Executive Severance and Change in Control Agreement (Ritter Pharmaceuticals Inc)
Termination Without Cause or by Executive With Good Reason. Subject to Section 6 below, if the Company terminates Executive’s employment without Cause, or the Executive terminates for Good Reason, Executive shall be entitled to: (a) the Accrued Obligations; (b) an amount equal to twelve nine (129) months of the Base Salary as in effect immediately prior to the Termination Date, paid in a lump sum on the sixtieth (60th) day following the Termination Date; (c) medical, dental benefits provided by the Company to Executive and Executive’s spouse and dependents (in each case, as provided in any applicable plan) at least equal to the levels of benefits provided to other similarly situated active employees of the Company and its subsidiaries until the earlier of (i) the twelve nine (129) month anniversary of the Termination Date or (ii) the date that Executive becomes covered under a subsequent employer’s medical and dental plans; and (d) acceleration of vesting of all equity and equity-based awardsawards that would otherwise have vested during the twelve (12) months following the Termination Date.
Appears in 5 contracts
Samples: Executive Severance and Change in Control Agreement (GLAUKOS Corp), Executive Severance and Change in Control Agreement (GLAUKOS Corp), Executive Severance and Change in Control Agreement (GLAUKOS Corp)
Termination Without Cause or by Executive With Good Reason. Subject to Section 6 below, if the Company terminates Executive’s employment without Cause, or the Executive terminates for Good Reason, Executive shall be entitled to: (a) the Accrued Obligations; (b) an amount equal to twelve (12) months of the Base Salary as in effect immediately prior to the Termination Date, paid in a lump sum on the sixtieth (60th) day following the Termination Date; (c) medical, dental benefits provided by the Company to Executive and Executive’s spouse and dependents (in each case, as provided in any applicable plan) at least equal to the levels of benefits provided to other similarly situated active employees of the Company and its subsidiaries until the earlier of (i) the twelve (12) month anniversary of the Termination Date or (ii) the date that Executive becomes covered under a subsequent employer’s medical and dental plans; and (d) acceleration of vesting of all equity and equity-based awardsawards that would otherwise have vested during the twelve (12) months following the Termination Date.
Appears in 4 contracts
Samples: Executive Severance and Change in Control Agreement (GLAUKOS Corp), Executive Severance and Change in Control Agreement (GLAUKOS Corp), Executive Severance and Change in Control Agreement (GLAUKOS Corp)
Termination Without Cause or by Executive With Good Reason. Subject to Section 6 below, if the Company terminates Executive’s employment without Cause, or the Executive terminates for Good Reason, Executive shall be entitled to: (a) the Accrued Obligations; (b) an amount equal to twelve eighteen (1218) months of the Base Salary as in effect immediately prior to the Termination Date, paid in a lump sum on the sixtieth (60th) day following the Termination Date; (c) medical, dental benefits provided by the Company to Executive and Executive’s spouse and dependents (in each case, as provided in any applicable plan) at least equal to the levels of benefits provided to other similarly situated active employees of the Company and its subsidiaries until the earlier of (i) the twelve eighteen (1218) month anniversary of the Termination Date or (ii) the date that Executive becomes covered under a subsequent employer’s medical and dental plans; and (d) acceleration of vesting of all equity and equity-based awards.
Appears in 1 contract
Samples: Executive Severance and Change in Control Agreement (GLAUKOS Corp)