Common use of XXXXXXXXX PAYMENTS AND OTHER BENEFITS IN THE EVENT OF TERMINATION Clause in Contracts

XXXXXXXXX PAYMENTS AND OTHER BENEFITS IN THE EVENT OF TERMINATION. In the event of the termination of the Agreement a result of (i) a Termination Without Cause within 2 years following a Change of Control or (ii) a Constructive Termination, MBI shall provide the payments and other benefits specified below to Employee, in lieu of any other payments or benefits which may (or may not) be provided for elsewhere in the Agreement.

Appears in 3 contracts

Samples: Employment Agreement Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

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XXXXXXXXX PAYMENTS AND OTHER BENEFITS IN THE EVENT OF TERMINATION. In the event of the termination of the Agreement a result of (iI) a Termination Without Cause within 2 years following a Change of Control or (ii) a Constructive Termination, MBI shall provide the payments and other benefits specified below to Employee, in lieu of any other payments or benefits which may (or may not) be provided for elsewhere in the Agreement.

Appears in 1 contract

Samples: Employment Agreement (Molecular Biosystems Inc)

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XXXXXXXXX PAYMENTS AND OTHER BENEFITS IN THE EVENT OF TERMINATION. In the event of the termination of the Agreement a result of (i) a Termination Without Cause within 2 years following a Change of Control or (ii) a Constructive Termination, MBI shall provide the payments and other benefits specified below to Employee, in lieu of any other payments or benefits which may (or may not) be provided for elsewhere in the Agreement.. (1) MBI shall make the following payments to Employee (or to his estate):

Appears in 1 contract

Samples: Employment Agreement (Molecular Biosystems Inc)

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