Common use of CHANGE IN CONTROL DISTRIBUTION Clause in Contracts

CHANGE IN CONTROL DISTRIBUTION. If the Adoption Agreement allows for a Change in Control Distribution then in the event of a Change in Control, the Company shall, to the extent consistent with the Participant’s Deferral Election Form, pay to the Participant a Change in Control Distribution to be calculated and paid in accordance with the terms and conditions of this Plan as specified in the Adoption Agreement.

Appears in 3 contracts

Samples: Adoption Agreement (AVITA Medical, Inc.), Deferred Compensation Plan (Beacon Roofing Supply Inc), Deferred Compensation Plan (Mission Produce, Inc.)

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CHANGE IN CONTROL DISTRIBUTION. If the Adoption Agreement allows for a Change in Control Distribution then Distributions under this Plan, then, in the event of a Change in Control, the Company shall, to the extent consistent with the Participant’s Deferral Election Form, shall pay to the Participant a Change in Control Distribution as specified in the Adoption Agreement in an amount equal to such Participant’s vested Account Balance, to be calculated and paid as more particularly provided in accordance with Section 6.7 below, subject to the terms and conditions of this Plan as specified in the Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Innovative Industrial Properties Inc)

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