Common use of Months after a Change of Control Clause in Contracts

Months after a Change of Control. If (i) within six (6) months after a Change of Control the U.S. Subsidiary terminates Executive’s employment with the U.S. Subsidiary without Cause, or (ii) Executive resigns from employment for Good Reason, then, subject to Section 8, Executive will be entitled to: (A) receive continuing payments of severance pay at a rate equal to his Base Salary rate, as then in effect, for twelve (12) months; (B) Company-paid coverage for Executive and Executive’s eligible dependents under U.S. Subsidiary’s Benefit Plans for twelve (12) months following such termination or resignation and (C) 100% of any outstanding stock options not yet vested shall become immediately vested upon Executive’s date of termination or resignation.

Months after a Change of Control. If (i) within six (6) months after a Change of Control the U.S. Subsidiary terminates Executive’s employment with the U.S. Subsidiary without Cause, or (ii) Executive resigns from employment for Good Reason, then, subject to Section 8, Executive will be entitled to: (A) receive continuing payments of severance pay at a rate equal to his monthly Base Salary rate, as then in effect, for twelve (12) months; (B) Company-paid coverage for Executive and Executive’s eligible dependents under U.S. Subsidiary’s Benefit Plans for twelve (12) months following such termination or resignation and (C) 100% of any outstanding stock options not yet vested shall become immediately vested upon Executive’s date of termination or resignation.