Change of Control Defined. For purposes of this Agreement, a “Change of Control” shall mean the occurrence of a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company during the Term, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company, the following provisions shall apply:
Appears in 19 contracts
Samples: Employment Agreement (Carbon Conversion Group, Inc.), Employment Agreement (Carbon Conversion Group, Inc.), Employment Agreement (Carbon Conversion Group, Inc.)
Change of Control Defined. For the purposes of this Agreement, a the term “Change of Control” shall mean the occurrence of means a “change in the ownership,” a “change in the ownership or effective control” control of, or a “change in the ownership of a substantial portion of the assets” of the Company during the Termassets of, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company, to the following provisions shall apply:extent consistent with Code Section 409A and any regulatory or other interpretive authority promulgated thereunder, as described in paragraphs (i) through (iv) below.
Appears in 9 contracts
Samples: Employment Agreement (Virios Therapeutics, LLC), Employment Agreement (Virios Therapeutics, LLC), Employment Agreement (Virios Therapeutics, LLC)
Change of Control Defined. For purposes of this Agreement, a “"Change of Control” " shall mean the occurrence of a “"change in the ownership,” " a “"change in the effective control” or control"or a “"change in the ownership of a substantial portion of the assets” of assets"of the Company during the Term, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “"change in the ownership,” " a “"change in the effective control” " or a “"change in the ownership of a substantial portion of the assets” " of the Company, the following provisions shall apply:
Appears in 5 contracts
Samples: Employment Agreement (Vican Resources, Inc.), Employment Agreement (Vican Resources, Inc.), Employment Agreement (Vican Resources, Inc.)
Change of Control Defined. For purposes of this Agreement, a “"Change of Control” " shall mean the occurrence of a “"change in the ownership,” " a “"change in the effective control” " or a “"change in the ownership of a substantial portion of the assets” " of the Company during the Term, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “"change in the ownership,” " a “"change in the effective control” " or a “"change in the ownership of a substantial portion of the assets” " of the Company, the following provisions shall apply:
Appears in 4 contracts
Samples: Employment Agreement (Pura Naturals, Inc.), Employment Agreement (Pura Naturals, Inc.), Employment Agreement (Pura Naturals, Inc.)
Change of Control Defined. For purposes of this Agreement, the term “Change of Control” shall have the meaning ascribed to such term in the employment agreement between the Company and Optionee; provided, however, that if there is no such agreement, or such agreement does not define Change of Control, a “Change of Control” with respect to the Company shall mean be deemed to have if occurred upon the occurrence of a “change in the ownership,” a “change in the effective control” any one or a “change in the ownership of a substantial portion more of the assets” of the Company during the Term, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “change in the ownership,” a “change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company, the following provisions shall applyfollowing:
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Beverly Hills Bancorp Inc), Nonqualified Stock Option Agreement (Beverly Hills Bancorp Inc)
Change of Control Defined. For purposes of this Agreement, a “"Change of Control” " shall mean the occurrence of a “"change in the ownership,” " a “"change in the effective control” " or a “"change in the ownership of a substantial portion of the assets” " of the Company during the Term, as determined in accordance with this Section 7(b). In determining whether an event shall be considered a “"change in the ownership,” " a “"change in the effective control” or a “change in the ownership of a substantial portion of the assets” of the Company, the following provisions shall apply:effective
Appears in 1 contract
