CIC Plan definition

CIC Plan shall have the meaning ascribed thereto in Section 1.6.

CIC Plan means the Merck & Co., Inc. Change in Control Separation Benefits Plan, as amended and restated effective January 1, 2013 and as it may be further amended from time to time, and any successor thereto.

CIC Plan see subsection 2(D).

Examples of CIC Plan in a sentence

• A Participant who elects lump sum payments of all his or her nonqualified benefits under the CIC Plans is entitled to have his or her benefits paid as a lump sum calculated under the terms of the applicable CIC Plan.

• For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II.

• If the Executive receives benefits under the Corporation’s Change in Control Plan (the “CIC Plan”), in the event of Employment Termination (as defined in the CIC Plan), the covenants set forth in Section 3 hereof shall automatically terminate and, if the Executive shall receive all benefits to which the Executive is entitled under the CIC Plan, the Executive waives all benefits hereunder.

• In the event that the Executive’s employment is not so continued, the Executive may claim to have suffered a Constructive Termination, in accordance with the terms of the UIL CIC Plan II.

• Any cash amount that is due and owing to the Executive upon a termination of service pursuant to Section (6) or Section (7) (other than pursuant to the UIL CIC Plan II) will be paid on the thirtieth (30th) day following the Executive’s Separation from Service and in no event may the Executive designate the timing or year of payment.

More Definitions of CIC Plan

CIC Plan means the Regeneron Pharmaceuticals, Inc. Change in Control Severance Plan, as amended from time to time.

CIC Plan means the Corporation’s Amended and Restated Change in Control Severance Plan.

CIC Plan means the Corporation’s Change in Control Plan, to which Executive is a participant at the time of termination of employment.

CIC Plan has the meaning set forth in Section 6.1(d)(i).

CIC Plan means The Macerich Company Change in Control Severance Plan for Senior Executives, dated November 2, 2017.

CIC Plan see subsection 1(E).

CIC Plan. For purposes of this Section 5, “CIC Plan” shall mean the Equifax Inc. Change in Control Severance Plan, if Participant is a participant in such plan, or such other agreement, if any, between Participant and the Company which provides for the payment and provision of severance benefits to Participant if Participant’s employment is terminated under specified circumstances in connection with a change in control.