Common use of Change in Control; Involuntary Termination Clause in Contracts

Change in Control; Involuntary Termination. In the case of a Change in Control where the Executive’s employment terminates due to an Involuntary Termination prior to twelve (12) months following the Change in Control or in contemplation of a Change in Control, the Payment Amounts shall be paid out to the Executive within ten (10) days following the Termination Date.

Appears in 10 contracts

Sources: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Change in Control Agreement (Lam Research Corp)

Change in Control; Involuntary Termination. In the case of a Change in Control where the Executive’s employment terminates due to an Involuntary Termination prior to twelve (12) months following during the Change in Control or in contemplation of a Change in ControlProtection Period, the Payment Amounts shall be paid out to the Executive within ten sixty (1060) days following the Termination Date.

Appears in 9 contracts

Sources: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)