Payout Events. The Executive shall be entitled to the full and complete rights afforded under Section 5 of this Agreement upon the occurrence of a Payout Event. A “Payout Event” shall be deemed to have occurred upon a Change in Control provided that the Executive is then employed by the Company or the Successor Employer.
Appears in 3 contracts
Sources: Change in Control and Noncompetition Agreement (Comarco Inc), Change in Control and Noncompetition Agreement (Comarco Inc), Change in Control Agreement (Comarco Inc)