Compensation Upon Termination Following a Change in Control. In the event of Company's termination of Executive without Cause, or Executive's termination of employment with Company for Good Reason, at any time within two years following a Change in Control during the Employment Period, Executive will be entitled to the payments described in Section 4.4; provided, however, that the Severance Payments described in Section 4.4 will be equal to a continuation of Executive's Base Salary through the expiration of two years following the date of termination. The payments and benefits payable to Executive pursuant to this Section 5.2 in connection with a Change in Control of Company are referred to as the "Change in Control Payments."
Appears in 1 contract
Sources: Employment Agreement (Rentrak Corp)
Compensation Upon Termination Following a Change in Control. In the event of Company's termination of Executive without Cause, or Executive's termination of employment with Company for Good Reason, at any time within two years following a Change in Control during the Employment PeriodPeriod (as extended pursuant to Section 1.1), Executive will be entitled to the payments described in Section 4.4; provided, however, that the Severance Payments described in Section 4.4 will be equal to a continuation of Executive's Base Salary through the expiration of two years following the date of termination. The payments and benefits payable to Executive pursuant to this Section 5.2 in connection with a Change in Control of Company are referred to as the "Change in Control Payments."
Appears in 1 contract
Sources: Employment Agreement (Rentrak Corp)