RE:RE:"Change in Control"Which part doesn't make sense? The quote in the financial statements says three contracts require a total pagement of up to $1,333,000 be made upon the occureence of certain events SUCH AS termination and change of control. They're not one in the same.
Tralisa is an example of a termination agreement, further related to the contingency payments on the books through November 2022.
The 3 current executives, no names, possess contingencies requiring payment based on certain events, they'd likely have a termination agreement AND a change of control agreement in place.
The google terms give context to what a change in control agreement means. Through the distraction, the executive is motivated to NOT seek alternative employment.
I did organize that post poorly, the last paragraph about what a change in control agreement is, this should have been earlier before and as supplement to the First Google search result.