Common use of After Change in Control Clause in Contracts

After Change in Control. If, within the eighteen (18) month period following a Change of Control, Executive's employment is terminated pursuant to or under the circumstances contemplated by Section 7(d), then the Company shall pay Executive in a lump sum an amount equal to the sum of (A) three (3) times the Executive's current Base Salary (or his Base Salary immediately prior to the Change of Control, if greater), (B) three (3) times his Highest Bonus, and (C) any Gross-Up Payment provided under Subparagraph 8(c) below.

Appears in 2 contracts

Sources: Employment Agreement (Boron Lepore & Associates Inc), Employment Agreement (Boron Lepore & Associates Inc)