Common use of Participation Upon Change of Control Clause in Contracts

Participation Upon Change of Control. Anything contained herein to the contrary notwithstanding, in the event of a “Change of Control” (as hereinafter defined), each Outside Director shall become a Participant in the Plan. A “Change of Control” shall mean the occurrence of any of the following events:

Appears in 3 contracts

Samples: Trust Agreement (Cliffs Natural Resources Inc.), Trust Agreement (Cliffs Natural Resources Inc.), Trust Agreement (Cliffs Natural Resources Inc.)

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Participation Upon Change of Control. Anything contained herein to the contrary notwithstanding, in the event of a "Change of Control" (as hereinafter defined), each Outside Director shall become a Participant in the Plan. A "Change of Control" shall mean the occurrence of any of the following events:

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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