CIC Trigger Event definition

CIC Trigger Event means the occurrence of either of the following: (a) the Board or the Parent Corporation’s shareholders approve a transaction described in subsection (b) of the definition of Change in Control contained in Section 17.1 hereof; or (b) the commencement of a proxy contest in which any Person seeks to replace or remove a majority of the members of the Board.
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CIC Trigger Event means the occurrence of either of the following:
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CIC Trigger Event means the occurrence of either of the following: (a) the Board or the Parent Corporation's shareholders approve a transaction described in Section 17,1(b) hereof; or (b) the commencement of a proxy contest in which any Person seeks to replace or remove a majority of the members of the Board.
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Examples of CIC Trigger Event in a sentence

  • If such Required Contribution is made as the result of a CIC Trigger Event, such Required Contribution, as adjusted for income and losses, shall be returned to the Parent Corporation upon the written request of the Parent Corporation; provided, however, that the Required Contribution may not be returned to the Parent Corporation during the existence of a Change in Control Period or after a Change in Control.

  • The right is reserved by each Employer to terminate the Trust with respect to its separate account within the Trust; provided, however, that after a Change in Control and during the existence of a Change in Control Period, an Employer may not terminate the Trust with respect to Participants who were Participants immediately prior to the CIC Trigger Event or the Change in Control (if no CIC Trigger Event precedes the Change in Control).

  • The right is reserved by each Employer to terminate the Trust with respect to Participants who are employed by it; provided, however, that after a Change in Control and during the existence of a Change in Control Period, an Employer may not terminate the Trust with respect to Participants who were Participants immediately prior to the CIC Trigger Event or the Change in Control (if no CIC Trigger Event precedes the Change in Control).


More Definitions of CIC Trigger Event

CIC Trigger Event shall have the meaning set forth in Section 5.
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