Example ContractsClauseschange in control benefitsVariants
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Change in Control. In the event of a Change of Control (as defined herein) of Employer, Employee may voluntarily terminate employment with Employer until the expiration of the 18 month period after the Change of Control for "Good Reason" and be entitled to receive # any compensation already due and earned but not yet paid through the date of termination and # in lieu of any further salary payments from the date of termination, an amount equal to Termination Compensation times 1.00. Such amounts will be payable at the times such amounts would have been paid in accordance with the payroll practices of Employer applicable to its officers and will be paid out in regular payroll installments over the course of 18 months. In addition, in the event of a Change of Control coupled with "Good Reason", Employee shall be entitled to receive health insurance coverage from Employer on the same terms as were in effect immediately prior to Employee's termination for a period of 18 months subject to any later changes in coverage applicable to all employees.

Termination upon Change in Control. In the event ofIf a Change ofin Control (as defined herein) of Employer,occurs and, upon or within twenty-four (24) months after such Change in Control, the Employee may voluntarily terminateterminates his or her employment with Employer untilfor Good Reason or the expiration ofEmployee's employment is terminated by the 18 month period afterCompany for any reason other than for Cause (a "Change in Control Termination”), then the Change of Control for "Good Reason" and be entitled to receive # any compensation already due and earned but not yet paid through the date of termination and # in lieu of any further salary payments from the date of termination, an amount equal to Termination Compensation times 1.00. Such amounts will be payable at the times such amounts would have been paid in accordance with the payroll practices of Employer applicable to its officers and will be paid out in regular payroll installments over the course of 18 months. In addition, in the event of a Change of Control coupled with "Good Reason", Employee shall be entitled to receive health insurance coverage from Employer on the same terms as were in effect immediately prior to Employee's termination for a period of 18 months subject to any later changes in coverage applicable to all employees.following severance benefits:

Termination upon Change in Control. In the event ofIf a Change ofin Control (as defined herein) of Employer,occurs and, upon or within twenty-four (24) months after such Change in Control, the Employee may voluntarily terminateterminates his or her employment with Employer untilfor Good Reason or the expiration ofEmployee's employment is terminated by the 18 month period afterCompany for any reason other than for Cause (a "Change in Control Termination"), then the Change of Control for "Good Reason" andEmployee shall, subject to the conditions set forth in Paragraph 5, be entitled to receive # any compensation already due and earned but not yet paid through the date of termination and # in lieu of any further salary payments from the date of termination, an amount equal to Termination Compensation times 1.00. Such amounts will be payable at the times such amounts would have been paid in accordance with the payroll practices of Employer applicable to its officers and will be paid out in regular payroll installments over the course of 18 months. In addition, in the event of a Change of Control coupled with "Good Reason", Employee shall be entitled to receive health insurance coverage from Employer on the same terms as were in effect immediately prior to Employee's termination for a period of 18 months subject to any later changes in coverage applicable to all employees.following severance benefits:

Change in Control.of Control Termination. In the event that, at the time of or within one (1) year after a Change of Control (as defined herein) of Employer,Control, and during the Employment Period, Employee’s employment is Terminated Without Cause by the Employer or Employee may voluntarily terminateTerminates Employee’s employment with Employer until the expiration of the 18 month period after the Changefor Good Reason (each a “Change of Control for "Good Reason" and be entitled to receive # any compensation already due and earned but not yet paid through the date of termination and # in lieu of any further salary payments from the date of termination, an amount equal to Termination Compensation times 1.00. Such amounts will be payable at the times such amounts would have been paid in accordance with the payroll practices of Employer applicable to its officers and will be paid out in regular payroll installments over the course of 18 months. In addition, in the event of a Change of Control coupled with "Good Reason"Termination”), Employee shall be entitled to receive health insurance coverage fromthe payments and benefits specified in this Section 8. The date on which the Employer onor Employee receives notice in accordance with Section 15(i) of a Change of Control Termination shall be deemed the same terms as were in effect immediately prior to Employee's termination for a periodChange of 18 months subject to any later changes in coverage applicable to all employees.Control Termination Date”.

Termination In Connection With or Within 18 Months of a Change in Control. InIf upon, or within eighteen months following, a Change in Control there occurs # a Termination Without Cause, or # the termination of Employee’s employment with by Employee for Good Reason, if the event ofgiving rise to such Good Reason occurred within eighteen (18) months following a Change in Control, within 30 days following the earlier of Control (as defined herein)# ’s failure to cure within the 30-day period set forth in the definition of Employer, Employee may voluntarily terminate employment with Employer until the expiration of the 18 month period after the Change of Control for "Good Reason" and be entitled to receive # any compensation already due and earned but not yet paid through the date of terminationGood Reason, and # in lieu of any further salary payments from’s notice to Employee that it will not cure the date of termination, anevent giving rise to such termination for Good Reason, then # Employee shall receive a lump sum amount equal to Termination Compensation times 1.00. Such amounts will be payablethe number of months constituting the Severance Period at the time of termination times such amounts would have beenthe Employee’s monthly base salary (determined as the Employee’s highest monthly base salary paid in accordance with the payroll practices of Employer applicable to its officers and will be paid out in regular payroll installments over the course of 18 months. In addition, in the event of a Change of Control coupled with "Good Reason",Employee while employed by ; base salary does not include any bonus, commissions or other incentive payments or compensation); # subject to Section 2(b) below, Employee shall be entitled to a continuation of all Health and Welfare Benefits for Employee and, if applicable, Employee’s eligible dependents during the Severance Period at the time they would have been provided or paid had the Employee remained an employee of Company during the Severance Period and at the levels provided prior to the event giving rise to a termination; # Employee shall receive health insurance coverage from Employer ona lump sum amount equal to Employee’s target annual incentive compensation opportunity at the same terms as wererate of base annual salary and the target annual incentive compensation opportunity in effect immediately before such termination, prorated for the amount of time Employee was employed by prior to Employee'sthe date of termination forduring such plan year (“Target Incentive Compensation Payment”); # in addition to the Target Incentive Compensation Payment, if the Actual Incentive Compensation Payment is more than the Target Incentive Compensation Payment, then Employee shall receive an additional lump sum payment equal to the difference between the Actual Incentive Compensation Payment and the Target Incentive Compensation Payment; and # shall make available to Employee career transition services at a period of 18 months subject to any later changeslevel and with a provider selected by in coverage applicable to all employees.accordance with [Section 2(g)] below.

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