Terminations in Connection with a Change in Control. The Term shall terminate automatically in the event and at the time that both there is a Change in Control and either (A) Employee elects to terminate his employment with Employer within one year after the Change in Control as a result of Constructive Termination or (B) Employee’s employment with Employer is actually terminated by Employer within one year after the Change in Control for any reason other than those set forth in Sections 13(a), (b) and (c).
(i) In the event of a termination of the Term under this Section 13(e):
(A) on the date which is sixty (60) days after Employee’s termination of employment with Employer, subject to Employer’s receipt of Employee’s executed and irrevocable release as provided in Section 13(g), Employer shall pay Employee in a lump sum cash payment an amount equal to the product obtained by multiplying (1) the sum of the annual Base Salary rate in effect at the time of the termination of the Term and the annual Bonus target in effect at the time of such termination by (2) two;
(B) all outstanding stock options and other incentive awards issued by the CyrusOne Group to Employee that are not vested and exercisable at the time of the termination of the Term shall become immediately vested and exercisable (and Employee shall be afforded the opportunity to exercise them until the earlier of (1) the latest date, determined in accordance with the terms of such stock options or awards, that would apply if such stock options or awards had become vested and exercisable immediately before the termination of the Term or (2) the end of the Severance Period) and the restrictions applicable to all outstanding restricted stock issued by the CyrusOne Group to Employee shall lapse upon the termination of the Term;
(C) an amount equal to the sum of (1) any forfeitable benefits of Employee under any nonqualified (i.e., not qualified under Code Section 401(a)) pension, profit sharing, savings or deferred compensation plan of any member of the CyrusOne Group which would have vested prior to the end of the Severance Period if the Term had not terminated, plus (2) any additional vested benefits which would have accrued for Employee under any nonqualified defined benefit pension plan if the Term had not terminated prior to the end of the Severance Period and if Employee’s annual Base Salary and annual Bonus target had neither increased nor decreased after such termination, shall be payable by Employer at the same time and in the same manner as suc...
Terminations in Connection with a Change in Control. If Executive’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide Executive with the following severance payments and benefits in lieu of any severance benefits to which the Executive may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to Executive an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If CFO’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide CFO with the following severance payments and benefits in lieu of any severance benefits to which the CFO may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to CFO an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If CMO’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide CMO with the following severance payments and benefits in lieu of any severance benefits to which the CMO may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to CMO an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If CSO’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide CSO with the following severance payments and benefits in lieu of any severance benefits to which the CSO may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to CSO an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If CCO’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide CCO with the following severance payments and benefits in lieu of any severance benefits to which the CCO may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to CCO an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If CAO’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide CAO with the following severance payments and benefits in lieu of any severance benefits to which the CAO may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to CAO an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If Vice President’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide Vice President with the following severance payments and benefits in lieu of any severance benefits to which the Vice President may otherwise be entitled to under any severance plan or program maintained by the Company:
(i) Severance Payments: Pay to Vice President an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. If OFFICER’s employment shall terminate involuntarily without Cause or for Good Reason, within eighteen (18) months following a Change in Control, the Company shall provide OFFICER with the following severance payments and benefits in lieu of any severance benefits to which the OFFICER may otherwise be entitled to under any severance plan or program maintained by the Company:
x. Xxxxxxxxx Payments: Pay to OFFICER an amount equal to twelve (12) months then current base salary, payable in a lump sum on the sixtieth (60th) day following the termination of employment.
Terminations in Connection with a Change in Control. Notwithstanding any provision to the contrary in any employment agreement, equity compensation plan, equity award agreement or other Company severance plan, if Executive’s employment shall terminate involuntarily without Cause or for Good Reason during the 12 month period following a Change in Control, the Company shall:
(a) Severance Payments: Pay to Executive an amount equal to the sum of: (i) twelve (12) months then current base salary; and (ii) the target bonus otherwise payable to Executive pursuant to the Company’s performance-based compensation bonus plan with respect to the fiscal year in which termination occurs, payable in a lump sum as soon as reasonably practicable, but in any event no later than two and one-half (2 1/2) months following the date of termination of employment.
