Change in Control definition
Examples of Change in Control in a sentence
However, except with respect to a Covered Termination during a Change in Control Period (each as defined below), the Executive will not be entitled to receive payment of any severance benefits or other amounts, and the Executive’s right to all other benefits will terminate, except as required by any applicable law.
Employee understands and agrees that Employee’s termination without Cause is other than due to a Change in Control and, as such, the unvested portion of any Equity shall immediately terminate and will be voided and relinquished as of the Termination Date.
Any such notice must be given within six (6) months as of the completion of the Change in Control Transaction in the Listed Company.
Except as expressly provided in this Section 5 or Section 4 (Change in Control), in the event the Participant ceases to be a Service Provider for any reason prior to the end of the Performance Period (including voluntary resignation other than for Good Reason, termination for Cause, death or disability), all of the Performance Units shall be forfeited and cancelled in their entirety without any payment to Participant.
If there has not been a Change in Control, the Reviewing Party shall be selected by the Board, and if there has been such a Change in Control, other than a Change in Control which has been approved by a majority of the Company’s Board who were directors immediately prior to such Change in Control, the Reviewing Party shall be the special independent counsel referred to in Section 6 hereof.