Common use of Termination without Cause or Resignation for Good Reason in Connection with a Change in Control Clause in Contracts

Termination without Cause or Resignation for Good Reason in Connection with a Change in Control. During the time period from the Start Date through the third (3rd) anniversary of the Start Date, in the event a Change in Control occurs and if the Company terminates your employment without Cause or if you resign your employment for Good Reason, in either case within the period beginning three (3) months before, and ending twelve (12) months following, such Change in Control; and provided that (except with respect to the Accrued Compensation) you deliver to the Company the signed Release and satisfy all conditions to make the Release effective within sixty (60) days following your termination of employment, then, (in lieu of any benefits pursuant to Section 8(b)), you shall be entitled to: i. the Accrued Compensation; ii. a lump sum payment equal to six (6) months of your then-current Base Salary, less required deductions and withholdings; iii. a lump sum payment equal to one hundred percent (100%) of your Target Bonus for the then-current fiscal year less any quarterly payment previously paid, if any, subject to required deductions and withholdings;

Appears in 2 contracts

Sources: Employment Agreement (ServiceNow, Inc.), Employment Agreement (ServiceNow, Inc.)

Termination without Cause or Resignation for Good Reason in Connection with a Change in Control. During the time period from the Start Date through the third (3rd) anniversary of the Start Date, in In the event a Change in Control occurs and if the Company terminates your employment without Cause or if you resign your employment for Good Reason, in either case within the period beginning three (3) months before, and ending twelve (12) months following, such Change in Control; and provided that (except with respect to the Accrued Compensation) you deliver to the Company the signed Release and satisfy all conditions to make the Release effective within sixty (60) days following your termination of employment, then, (in lieu of any benefits pursuant to Section 8(b9(b)), you shall be entitled to: i. the Accrued Compensation; ii. a lump sum payment equal to six (6) months of your then-current Base Salary, less required deductions and withholdings; iii. a lump sum payment equal to one hundred percent (100%) of your Annual Target Bonus for the then-current fiscal year less any quarterly payment previously paid, if any, subject to required deductions and withholdings;

Appears in 1 contract

Sources: Employment Agreement (ServiceNow, Inc.)