Common use of Change of Control Bonus Clause in Contracts

Change of Control Bonus. Upon a Change of Control, the Company shall pay, or shall cause to be paid, to the Executive a lump sum cash payment determined as follows: (a) In the event that the Market Value of the Company as of the Change of Control is greater than $100 million, but does not exceed $150 million, an amount equal to 1.25% of the Market Value of the Company as of the Change of Control; and (b) In the event that the Market Value of the Company as of the Change of Control exceeds $150 million, an amount equal to 1.75% of the Market Value of the Company as of the Change of Control.

Change of Control Bonus. Upon a Change of Control, the Company shall pay, or shall cause to be paid, to the Executive a lump sum cash payment determined as follows: (a) In the event that the Market Value of the Company as of the Change of Control is greater than $100 million, but does not exceed $150 million, an amount equal to 1.251.00% of the Market Value of the Company as of the Change of Control; and (b) In the event that the Market Value of the Company as of the Change of Control exceeds $150 million, an amount equal to 1.751.50% of the Market Value of the Company as of the Change of Control.

Change of Control Bonus. Upon a Change of Control, the Company shall pay, or shall cause to be paid, to the Executive a lump sum cash payment determined as follows: (a) In the event that the Market Value of the Company as of the Change of Control is greater than $100 million, but does not exceed $150 million, an amount equal to 1.250.50% of the Market Value of the Company as of the Change of Control; and (b) In the event that the Market Value of the Company as of the Change of Control exceeds $150 million, an amount equal to 1.750.75% of the Market Value of the Company as of the Change of Control.