For Change of Control Sample Clauses
A 'For Change of Control' clause defines the rights and obligations of the parties if there is a significant change in the ownership or control of one of the parties involved in the agreement. Typically, this clause may require the party undergoing a change of control to notify the other party, and it may grant the non-affected party certain rights, such as the ability to terminate the contract or renegotiate terms. The core function of this clause is to protect parties from unforeseen risks or changes in business relationships that could arise if the ownership or controlling interests of a contracting party change hands.
For Change of Control. For purposes of this Agreement, a “Change of Control” shall mean and be deemed to have occurred if:
i. The acquisition by any person, entity or “group” within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), other than a person, entity or “group” that includes Employee, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of two-thirds or more of the Company’s then outstanding voting securities; or
ii. If the individuals who serve on the Board of Directors as of the Commencement Date (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, any person who becomes a director subsequent to the Commencement Date, whose election or nomination for election was approved by a vote of at least a majority of the directors then constituting the Incumbent Board, shall for purposes of this Agreement be considered a member of the Incumbent Board; or
iii. Approval by the Company’s equity holders of (A) a merger, reorganization or consolidation whereby the Company’s equity holders immediately prior to such approval do not, immediately after consummation of such reorganization, merger or consolidation own more than 50% of the combined voting power of the surviving entity’s then outstanding voting securities entitled to vote generally in the election of directors; or (B) the sale of all or substantially all of the assets of the Company. Notwithstanding anything to the contrary herein, a Change of Control shall not be deemed to have occurred if the Company sells substantially all of its assets for less than the amount of capital (whether in cash or other property) contributed by shareholders to the Company.
For Change of Control. LSI will have the right to terminate this Agreement in the event of a Change of Control of SCI or ON if LSI does not consent to such Change of Control (which consent will not be unreasonably withheld).
For Change of Control. For purposes of this Agreement, a “Change of Control” shall mean and be deemed to have occurred if:
For Change of Control. Excite will have the right to terminate this Agreement on ninety (90) days written notice to Magic if all or substantially all of Magic's assets are acquired by an Excite Competitor. Magic will provide Excite with at least one business day's notice before the public announcement of any such transaction and will cooperate with Excite to communicate with Excite Subscribers regarding the transaction, subject to applicable securities laws.
For Change of Control. (a) In the case of ALLIANCE-ONE, a Change of Control will be deemed to have occurred if after the Effective Date ALLIANCE-ONE comes under the control of an entity outside of the ALLIANCE-ONE Group, as of the Effective Date. In the case of Customer, a Change of Control will be deemed to have occurred if after the Effective Date Customer comes under the control of an entity other than one or more of its Affiliates as of the Effective Date. For this purpose, "control" will have the same meaning as in the definition of Affiliates.
For Change of Control. Employee may terminate this Agreement by reason of a Change of Control as defined in Paragraph 5.4 by giving written notice of termination to Employer no later than sixty (60) days after such Change of Control.
For Change of Control. Either Party may terminate this Agreement upon ninety (90) days prior written notice to the other Party in connection with its or the other Party’s change of control. “Change of Control” means the sale of all or substantially all the assets of a Party; any merger, consolidation or acquisition of a Party with, by or into another corporation, entity or person; or any change in the ownership of more than fifty percent (50%) of the voting capital stock of a Party in one or more related transactions.
For Change of Control. Austrianova shall have the right, in its sole discretion to terminate this Agreement by a written notice of thirty (30) days to AVAI, in the event AVAI undergoes a change of control event. AVAI shall have the right, in its sole discretion to terminate this Agreement by a written notice of thirty (30) days to Austrianova, in the event Austrianova undergoes a change of control event.
For Change of Control. Executive may terminate this Agreement by reason of a Change of Control as defined in Paragraph 5.4 by giving written notice of termination to Employer no later than sixty (60) days after such Change of Control. The effective date of Executive’s termination must be no more than fifteen (15) days after Executive’s written notice of termination to Employer.