Common use of Termination Without Cause or Resignation for Good Reason After a Change of Control Clause in Contracts

Termination Without Cause or Resignation for Good Reason After a Change of Control. In the event that Your employment with the Company is terminated without Cause, or You resign your employment for Good Reason within 12 months following a Change of Control, and provided You sign (and do not revoke) the Release and You return to the Company any and all Company property in Your custody or under Your control, then You shall be entitled to the payments described in Section 10 above, plus the payment in a lump sum within 10 days of the effective date of the termination of Your employment of an amount equal to Your annual target bonus in effect at the time of Your termination, subject to standard payroll deductions and withholdings. In addition, to the extent any unvested Stock Options or other Equity Compensation previously granted to You do not already become vested as of such termination of Your employment with the Company after a Change of Control, then any such unvested options or equity compensation shall become fully vested on the date of termination of Your employment with the Company.

Appears in 5 contracts

Samples: Executive Employment Agreement (Captiva Software Corp), Executive Employment Agreement (Captiva Software Corp), Executive Employment Agreement (Captiva Software Corp)

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