Common use of The Executive Clause in Contracts

The Executive. Notwithstanding anything herein to the contrary, however, an Alteration shall not be deemed to have occurred in connection with a Change of Control for purposes of this Paragraph 6(b) if (i) the Company, in the case of a Change of Control, or the surviving corporation in the case of a merger, or the purchasing corporation in the case of a sale of all or substantially all the assets of the Company, agrees to employ the Executive on terms substantially similar to the terms of Executive's employment with the Company prior to such Change of Control (or as otherwise agreed by such entity and the Executive), or (ii) the Alteration was for Cause. (c) The Options shall become fully vested in the event of: (i) death of the Executive while employed by the Company, or (ii) termination by reason of disability (as defined from time to time by the Committee) of the Executive while employed by the Company.