Example ContractsClausescic qualifying terminationVariants
Cic Qualifying Termination
Cic Qualifying Termination contract clause examples

Termination of Employment. If within 12 months after a Change in Control, your employment is terminated # by the Company or # by you for Good Reason, the Company shall pay you a severance payment in an amount equal to your base salary over the immediately prior 12 months (such severance payment, the “CIC Severance Amount”). The CIC [[Person A:Person]]

Severance Benefits upon a Termination in Connection with a Change in Control. If your employment is terminated by without Cause (as defined below, and other than as a result of death or disability), or you resign your employment with for Good Reason (as defined below), in either case within three (3) months prior to (and contingent upon the consummation of the Change in Control), in connection with, or within twelve (12) months following the effective date of a Change in Control (a “CIC Termination”), and provided such termination constitutes a “separation from service” (within the meaning of Treasury Regulation Section 1.409A-1(h), a “Separation from Service”), and further provided that you execute and allow to become effective a standard employment release agreement releasing (and its successor and affiliates) from any and all claims you may have against such entities related to or arising in connection with your employment (a “Release”), then you shall be entitled to the following severance benefits (the “CIC Benefits”):

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