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 be 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 her monthly Base Salary rate, as then in effect, for six (6) months; (B) if the Executive was participating in the Company’s group health and/or dental plans immediately prior to the Date of Termination, then subject to the Executive electing and remaining eligible under the law known as COBRA, the Company shall pay the employer portion of the premiums for such plan(s) to the same extent as if the Executive had remained employed by the Company during the six (6) month salary continuation period; and (C) 100% of any outstanding RSUs not yet vested shall become immediately vested upon Executive’s date of termination or resignation.

Appears in 1 contract

Sources: Employment Agreement (Fleetmatics Group PLC)

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 be 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 her monthly Base Salary rate, as then in effect, for six (6) months; (B) if the Executive was participating in the Company’s group health and/or dental plans immediately prior to the Date of Termination, then subject to the Executive electing and remaining eligible under the law known as COBRA, the Company shall pay the employer portion of the premiums for such plan(s) to the same extent as if the Executive had remained employed by the Company during the six (6) month salary continuation period; and (C) 100% of any outstanding RSUs stock options not yet vested shall become immediately vested upon Executive’s date of termination or resignation.

Appears in 1 contract

Sources: Employment Agreement (FleetMatics Group PLC)