Common use of EFFECTIVE DATE OF CHANGE IN CONTROL Clause in Contracts

EFFECTIVE DATE OF CHANGE IN CONTROL. For purposes of applying paragraph 4 hereof under the circumstances described in 4(b)(vii)(B) above, the effective date of Change in Control will be the closing date of the transaction giving rise to the Change in Control and all compensation, reimbursements, and lump-sum payments due Executive must be paid in full by the Company promptly following Executive's election to terminate his employment following such Change in Control. Further, Executive will be given sufficient time and opportunity to elect whether to exercise all or any of his options to purchase the Company's Common Stock, such that he may convert the options to shares of the Company's Common Stock at or prior to or within one (1) year after the closing of the transaction giving rise to the Change in Control, if he so desires.

EFFECTIVE DATE OF CHANGE IN CONTROL. For purposes of applying paragraph 4 hereof under the circumstances described in 4(b)(vii)(B4(b)(vi)(B) above, the effective date of the Change in Control will be the closing date of the transaction giving rise to the Change in Control and all compensation, reimbursements, and lump-sum payments due Executive must be paid in full by the Company following such Change in Control promptly following Executive's ’s election to terminate his employment following such Change in Controlemployment. Further, Executive will be given sufficient time and opportunity to elect whether to exercise all or any of his options to purchase the Company's ’s Common Stock, such that he may convert the options to shares of the Company's ’s Common Stock at or prior to or within one (1) year after the closing of the transaction giving rise to the Change in Control, if he so desires.

EFFECTIVE DATE OF CHANGE IN CONTROL. For purposes of applying paragraph 4 hereof under the circumstances described in 4(b)(vii)(B4(b)(vi)(B) above, the effective date of the Change in Control will be the closing date of the transaction giving rise to the Change in Control and all compensation, reimbursements, and lump-sum payments due Executive must be paid in full by the Company following such Change in Control promptly following Executive's election to terminate his employment following such Change in Controlemployment. Further, Executive will be given sufficient time and opportunity to elect whether to exercise all or any of his options to purchase the Company's Common Stock, such that he may convert the options to shares of the Company's Common Stock at or prior to or within one (1) year after the closing of the transaction giving rise to the Change in Control, if he so desires.