Common use of Protection of Benefits Clause in Contracts

Protection of Benefits. To the extent permitted by applicable law, the Company shall take all reasonable steps to ensure that the Employee is not, by reason of a Change of Control, deprived of the economic value (including any value attributable to the Change of Control transaction) of (a) any options to acquire Common Stock of the Company or (b) any Common Stock of the Company beneficially owned by the Employee.

Appears in 28 contracts

Samples: Change of Control Agreement (Stewart Enterprises Inc), Change of Control Agreement (Stewart Enterprises Inc), Change of Control Agreement (Stewart Enterprises Inc)

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