Control Change. Notwithstanding subsections 5.2(d) above, if within twelve months after a Control Change the Employee’s employment is terminated by the Corporation (other than for Just Cause) or by the Employee for Good Reason, the Corporation shall pay, on the date of termination, to or to the order of the Employee by certified check the aggregate of the following amounts:
(i) if not therefore paid, the Employee’s annual compensation for the current fiscal year of the Corporation for the period to and including the date of termination;
(ii) an amount equal to two (2) times the annual salary in effect on the date of termination plus two (2) times the average annual bonus paid to the Employee in the previous two (2) years; and
(iii) an amount equal to all outstanding and accrued vacation pay to the date of termination.”
Control Change. Notwithstanding subsection 5.2(d) above, if within twelve (12) months of a Control Change the Employee’s employment is terminated by the Employer (other than for Just Cause) or by the Employee, the Corporation shall pay, on the date of termination, to or to the order of the Employee by certified cheque the aggregate of the following amounts:
(i) if not theretofore paid, the Employee’s annual compensation for the then current fiscal year of the Corporation for the period to and including the date of termination;
(ii) an amount equal to two (2) times the annual compensation, at the date of termination. For greater certainty, annual compensation shall refer to the aggregate of annual salary at date of termination, together with an amount equal to the bonus and benefits received during the twelve (12) month period prior to termination; and
(iii) an amount equal to all outstanding and accrued vacation pay to the date of termination.
Control Change. If the Managing General Partner becomes a Terminated Partner or commits a Removal Default, the Xxxx-Xxxx Limited Partner may appoint a Co-General Partner, and such Co-General Partner may elect to become the Managing General Partner and to assume the Managing General Partner's authority and responsibilities under this Agreement as provided in Section 7.9.5 (subject to Section 5.9). If the Managing General Partner has committed a Performance Default with respect to an Investment or a Property, the Xxxx-Xxxx Limited Partner shall have the rights with respect to such Investment or Property set forth in Sections 5.10(ii) and 7.9.5 (including the appointment of a Co-General Partner to take all actions with respect to such Investment or Property on behalf of the Partnership, with the Managing General Partner having no further Approval rights with respect to such Investment or Property except those set forth in Section 5.1.6.1).
Control Change. (a) If a Control Change shall occur, then all rights and obligations of the parties under this Agreement shall terminate upon such occurrence except that
(1) WMX shall continue to exercise the rights granted under part 7 until WMX ceases to be a 1% owner and until WMX ceases to be a 1% owner, parts 8 - 13 shall remain in effect, and
(2) So long as WMX shall be a 5% Owner, WMX shall continue to be entitled to Board representation in accordance with Part 1, and
(3) the parties shall have the rights available under the proviso in Section 11.1(b).
Control Change. Prior to any change in control, where a new Person or Entity Having Direct or Indirect Control should be added to the license, the Marijuana Establishment shall submit a request for such change to the Commission prior to effectuating such a change. An individual, corporation, or entity shall be determined to be in a position to control the decision- BE OBTAINED FOR PURCHASE AT THE STATE BOOKSTORE AT XXX.XXX.XXXXX.XX.XX/XXX/XXXXXX/XXXXXX.XXX. ONCE THE OFFICIAL REGULATIONS ARE PUBLISHED, THE CANNABIS CONTROL COMMISSION WILL POST ON ITS WEBSITE AN UNOFFICIAL COPY OF THE FINAL PROMULGATED REGULATIONS. making of a Marijuana Establishment if the individual, corporation, or entity falls within the definition of Person or Entity Having Direct or Indirect Control.
Control Change. Analysis Based on the detailed description of the changes and review thereof by the parties in negotiation meetings, designated CLC personnel will:
1.5.3.1 Determine the impact of the changes on the overall structure.
1.5.3.2 Determine whether any single change has a potential control impact (i.e., High error rate on individual records that might result in pack rejection).
1.5.3.3 Determine whether any controls might be adversely affected.
1.5.3.4 Arrange for appropriate control structure changes to meet any of the above conditions.
Control Change. (a) A Shareholder must immediately notify each other Shareholder and the board of any change in the effective control of that Shareholder.
(b) In the event of any change in effective control of a Shareholder that Shareholder is deemed to have notified each other Shareholder that that Shareholder wishes to sell and transfer all its Shares at a value determined in accordance with clause 10.
Control Change. If there is a Control Change in the Borrower.
Control Change. In case according to the reasonable judgment of either Party, the ability of the Shipper to fulfill its financial obligations under the Contract is expected to be affected as a result of the change in its control structure, the referred Party may request the revision or modification, if appropriate, of the Letter of Guarantee in Annex 2. The Parties shall meet amicably to agree on the referred modification within at least two weeks following such change or possible change in control structure (in line with 9.6(ii)). In case Parties fail to reach an agreement in such two week period, either of the Parties may submit the issue as per Article 13 for resolution. The notifications regarding change in control shall be made according to item (a) or (b) below: In case the Shipper thinks that there is a possibility for a change in control structure, it shall notify such change to the Transporter in the possible shortest time, which shall not be less than 4 weeks before the date when the change in control is expected to take effect; or In case the change in control structure occurs in a manner that does not allow the Shipper to notify the Transporter as per Article 9.6(ii)(a), the Shipper shall inform the Transporter of such change immediately when it becomes aware of such change. In case the Shipper can not inform the Transporter as per Article 9(ii) and can not submit the alternative guarantee requested by the Transporter to ensure that it can fulfill its financial obligations under the Contract within 14 days following the request (such guarantee shall at least be equal to the guarantee that was in place before the change in control structure); The Transporter shall be entitled to immediately cancel the Contract on the condition to notify the Shipper in writing.
Control Change if at any moment during the validity of this Contract, there is a Change of Control relating to the Borrower or to any Affiliate, unless the Financial Institutions provide prior written authorization for the corresponding operation, as communicated through the Agent; and
