Common use of Actions on Potential Change in Control Clause in Contracts

Actions on Potential Change in Control. Within five business days after a Potential Change in Control occurs, the Company will deposit into an irrevocable trust account (the “Trust Account”) funds necessary to satisfy the requirements of this Section 2.2 to secure the payments and benefits provided Mr./Ms. [Insert Name] under this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Ferro Corp), Change in Control Agreement (Ferro Corp)

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Actions on Potential Change in Control. Within five business days after a Potential Change in Control occurs, the Company will deposit into an irrevocable trust account (the “Trust Account”) funds necessary to satisfy the requirements of this Section 2.2 to secure the payments and benefits provided Mr./MsXx. [Insert Name] Xxxxxx under this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Ferro Corp), Change in Control Agreement (Ferro Corp)

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