Change in Control Benefit definition

Change in Control Benefit means the benefit set forth in Section 4.1 below.

Change in Control Benefit means the benefit described in Section 2.4.

Change in Control Benefit shall have the meaning set forth in Section 4.15(k) of the Agreement.

Examples of Change in Control Benefit in a sentence

• Receipt and continued receipt of the Change in Control Benefit is further conditioned on Officer not being in violation of any material term of this Agreement or in violation of any material term of the Separation Agreement.

• Any modifications to the Change in Control Benefit Plan Determination Policy are likewise incorporated herein.

• The Change in Control Benefit, if any, shall be calculated as of the close of business on or around the Participant’s Benefit Distribution Date, as determined by the Committee, and paid to the Participant no later than 60 days after the Participant’s Benefit Distribution Date.

• Receipt of the Change in Control Benefit is conditioned on Officer having executed the Separation Agreement in substantially the form attached hereto as Exhibit A and the revocation period having expired without Officer having revoked the Separation Agreement.

• If a Participant does not make any election with respect to the payment of the Change in Control Benefit, then such Participant’s Account Balance shall remain in the Plan upon a Change in Control and shall be subject to the terms and conditions of the Plan.

More Definitions of Change in Control Benefit

Change in Control Benefit shall have the meaning set forth in Section 3.6 of this Plan.

Change in Control Benefit means the acceleration of vesting of outstanding Incentive Awards that may become available under Section 3.2.

Change in Control Benefit has the meaning set forth in Section 5.03(m)(viii).

Change in Control Benefit means the lump sum benefit payable as provided in Section 2.4.

Change in Control Benefit shall refer to any special or enhanced benefits described in Section 3 below to which the Executive may become entitled if his or her employment terminates for one of the reasons listed in Section 2(a) within the 24-month period following a Change in Control.

Change in Control Benefit means the benefit payable under Section 3.1 hereof in the event of an involuntary termination of employment without Cause or a voluntary termination of employment for Good Reason following a Change in Control.

Change in Control Benefit means, as of the date of a Qualifying Termination, a one-time lump sum payment equal to: (i) [●]1 ([●]) times the sum of (A) Individual’s then current base annual salary and (B) the Target Bonus for the year that includes the effective date of termination; plus (ii) an amount equal to the cost to Individual under COBRA to extend his or her then-current medical insurance benefits (i.e., the health, dental and/or vision benefits as elected by Individual under the Company’s health plan as of the time of such termination) for eighteen (18) months following the effective date of termination.