Common use of Termination Following a Change in Control Clause in Contracts

Termination Following a Change in Control. If Executive’s employment is terminated within the twelve (12) month period following a Change in Control by the Company, then the Executive shall be entitled to receive the payments and benefits set forth in Section 4(c) above, and (i) Any options or restricted stock previously awarded to Executive shall vest and be immediately exercisable by the Executive.

Appears in 10 contracts

Sources: Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)

Termination Following a Change in Control. If In the event the Executive’s employment is terminated pursuant to Section 4.7 by the Company or by the Executive within 24 months following the twelve (12) month period following a Change in Control by Date as defined in the CompanyERA, then the Executive shall will be entitled to receive the payments and benefits set forth in Section 4(c) above, and (i) Any options or restricted stock previously awarded to Executive shall vest and be immediately exercisable by the ExecutiveERA in accordance with the terms of the ERA.

Appears in 10 contracts

Sources: Employment Agreement (Sepracor Inc /De/), Employment Agreement (Sepracor Inc /De/), Employment Agreement (Sepracor Inc /De/)

Termination Following a Change in Control. If In the event the Executive’s employment is terminated pursuant to Section 4.8 by the Company or by the Executive within 24 months following the twelve (12) month period following a Change in Control by Date, as defined in the CompanyERA, then the Executive shall will be entitled to receive the payments and benefits set forth in Section 4(c) above, and (i) Any options or restricted stock previously awarded to Executive shall vest and be immediately exercisable by the ExecutiveERA in accordance with the terms of the ERA.

Appears in 3 contracts

Sources: Employment Agreement (Sepracor Inc /De/), Employment Agreement (Sepracor Inc /De/), Employment Agreement (Sepracor Inc /De/)

Termination Following a Change in Control. If Executive’s employment is terminated within the twelve (12) month period following a Change in Control by the Company, then the Executive shall be entitled to receive the payments and benefits set forth in Section 4(c4(c)(i), (ii), (iii), and (iv) above, and (i) Any options or restricted stock previously awarded to Executive shall vest and be immediately exercisable by the Executive.

Appears in 2 contracts

Sources: Employment Agreement (Kindred Biosciences, Inc.), Employment Agreement (Kindred Biosciences, Inc.)

Termination Following a Change in Control. If In the event the Executive’s 's employment is terminated pursuant to Section 4.7 by the Company or by the Executive within 24 months following the twelve (12) month period following a Change in Control by Date as defined in the CompanyERA, then the Executive shall will be entitled to receive the payments and benefits set forth in Section 4(c) above, and (i) Any options or restricted stock previously awarded to Executive shall vest and be immediately exercisable by the ExecutiveERA in accordance with the terms of the ERA.

Appears in 2 contracts

Sources: Employment Agreement (Sepracor Inc /De/), Employment Agreement (Sepracor Inc /De/)