Common use of Effect of 2000 Reorganization Clause in Contracts

Effect of 2000 Reorganization. Company and Officer acknowledge and agree that the reorganization of RightCHOICE's predecessor, Old RightCHOICE, on November 30, 2000, constituted a "Change in Control" under the Prior Agreement and shall, anything to the contrary in this Agreement notwithstanding, constitute a "Change of Control" under this Agreement. Company and Officer further acknowledge and agree that the prior occurrence of a Change of Control under this Agreement on November 30, 2000 shall not be deemed to limit additional future Changes of Control under this Agreement.

Appears in 6 contracts

Samples: Officer Severance Agreement (Rightchoice Managed Care Inc /De), Officer Severance Agreement (Rightchoice Managed Care Inc /De), Officer Severance Agreement (Rightchoice Managed Care Inc /De)

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Effect of 2000 Reorganization. Company and Officer Executive acknowledge and agree that the reorganization of RightCHOICE's predecessor, Old RightCHOICE, on November 30, 2000, constituted a "Change in Control" under the Prior Agreement and shall, anything to the contrary in this Agreement notwithstanding, constitute a "Change of Control" under this Agreement. Company and Officer further Executive also acknowledge and agree that that, as a result of the prior occurrence of a Change of Control under this Agreement on November 30Revised March 5, 2000 shall not be deemed to limit additional future Changes of Control under this Agreement.2001

Appears in 1 contract

Samples: Executive Severance Agreement (Rightchoice Managed Care Inc /De)

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