Common use of Certain Changes in Control Clause in Contracts

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares calculated under Section 1(b) multiplied by the Ending Price as determined under Section 1(b)(iv).

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Mosaic Co), Performance Unit Award Agreement (Mosaic Co), Performance Unit Award Agreement (Mosaic Co)

AutoNDA by SimpleDocs

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of after the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares calculated under Section 1(b) multiplied by the Ending Price Value as determined under Section 1(b)(iv).

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Mosaic Co), TSR Performance Unit Award Agreement (Mosaic Co)

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of after the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares Units calculated under Section 1(b) multiplied by the Ending Price Value as determined under Section 1(b)(iv).

Appears in 2 contracts

Samples: Cash Settled TSR Performance Unit Award Agreement (Mosaic Co), Cash Settled TSR Performance Unit Award Agreement (Mosaic Co)

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of after the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares calculated under Section 1(b) multiplied by the Ending Price as determined under Section 1(b)(iv).

Appears in 1 contract

Samples: Performance Unit Award Agreement (Mosaic Co)

AutoNDA by SimpleDocs

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of after the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares Units calculated under Section 1(b) multiplied by the Ending Price as determined under Section 1(b)(iv).

Appears in 1 contract

Samples: Cash Settled TSR Performance Unit Award Agreement (Mosaic Co)

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under Section 2(d), then Participant, or the Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days of the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares Units calculated under Section 1(b) multiplied by the Ending Price as determined under Section 1(b)(iv).

Appears in 1 contract

Samples: Cash Settled TSR Performance Unit Award Agreement (Mosaic Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!