Change in Control Termination Period definition

Change in Control Termination Period means the period of time beginning with a Change in Control and ending two (2) years following such Change in Control.
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Change in Control Termination Period means the period beginning on the six (6) month anniversary of a Change of Control and ending on the twelve (12) month anniversary of such Change of Control. If the Executive’s employment terminates during a Change in Control Termination Period due to death or Disability, such termination of employment shall be treated as a termination under paragraph (a) next above.
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Change in Control Termination Period means the period of time beginning with a Change in Control and ending two (2) years following such Change in Control.” 3. The third sentence in the last paragraph of Section 1(g) of the Agreement is amended in its entirety to read as follows: “The Executive must provide notice of termination of employment (in accordance with the provisions of Section 14(b)) within ninety (90) days of the initial existence of an event constituting Good Reason (including any such event which occurs prior to a Change in Control pursuant to the first sentence of this paragraph) or such event shall not constitute Good Reason under this Agreement.” 4. Section 3(b) of the Agreement is amended in its entirety to read as follows: “a lump-sum cash amount within the calendar year next following the calendar year during which the Date of Termination occurs equal to the product of (i) the annual bonus the Executive would have been paid for the calendar year during which the Date of Termination occurs based on the achievement of actual performance goals and (ii) a fraction, the numerator of which the number days in the fiscal year in which the Date of Termination occurs through the Date of Termination and the denominator of which is three hundred sixty-five (365) (the “Pro-Rata Bonus”);” 5. Section 3(c) of the Agreement is amended in its entirety to read as follows: (c) a lump-sum cash amount on the 55th day following the Date of Termination equal to one times the sum of (A) the Executive’s annual base salary and (B) the greatest of (1) the Executive’s target bonus for the fiscal year in which the Executive’s Date of Termination occurs and (2) the average of the actual bonuses earned by the Executive in respect of the two (2) preceding fiscal years of the Company immediately preceding the fiscal year in which the Date of Termination occurs;” 6. Section 3(e) of the Agreement is amended in its entirety to read as follows:
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Examples of Change in Control Termination Period in a sentence

  • If Executive’s employment with the Company shall terminate during the Change in Control Termination Period by reason of a Nonqualifying Termination, then Executive (or Executive’s beneficiary or estate) shall be entitled to the Accrued Obligations and, unless Executive is terminated by the Company for Cause, the Earned Bonus.

  • If the Executive’s employment with First Financial shall terminate during the Change in Control Termination Period by reason of a Nonqualifying Termination, then First Financial shall pay to the Executive (or the Executive’s beneficiary or estate) within five (5) days following the Date of Termination, a lump-sum cash amount equal to the Accrued Amounts (other than the amount described in Section 2(a)(ii) if the Executive is terminated by First Financial for Cause) and provide the Other Benefits.

  • If the Executive’s employment terminates during a Change in Control Termination Period due to death or Disability, such termination of employment shall be treated as a termination under paragraph (a) next above.

  • Any termination by the Company for Cause, or by the Executive for Good Reason or during a Change in Control Termination Period, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 14(b).

  • If the Executive’s employment terminates during a Change in Control Termination Period due to death or Disability, such termination of employment shall not be deemed to be a voluntary termination under this paragraph (d) but shall be treated as a termination under paragraph (a) next above.

  • If the Executive terminates employment during the Term, excluding a termination for Good Reason, during a Change in Control Termination Period, or Retirement, this Agreement shall terminate without further obligations to the Executive, other than for payment of Accrued Obligations and the timely payment or provision of any and all Other Benefits.

  • The Executive may voluntarily terminate employment during a Change in Control Termination Period.

  • For purposes of this Agreement, “Retirement” means the Executive’s voluntary termination of employment with the Company or any affiliated company, other than for Good Reason or during a Change in Control Termination Period, on or after attainment of age 62 and not becoming employed by any person or entity that is engaged in the same or similar line of business as that of the Company or an affiliated company as determined in the sole and absolute discretion of the Board of Directors of the Company.

  • Any termination by the Company for Cause, or by the Executive for Good Reason or during a Change in Control Termination Period, shall be communicated by Notice of Termination to the other party hereto given in accordance with Section 17(b).

  • Subject to clause (x) of this Section 5(a), if, during the Term and/or during a Change in Control Termination Period, the Company shall terminate the Executive’s employment other than for Cause, death or Disability or the Executive shall terminate employment for Good Reason the Executive will be entitled to the payments and benefits identified in this Section 5(a).


More Definitions of Change in Control Termination Period

Change in Control Termination Period means the period beginning three (3) months prior to and ending twelve (12) months following the occurrence of a Change in Control.
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Change in Control Termination Period means the period of time beginning six (6) months prior to, and ending upon the twelve (12) month anniversary of, the occurrence of a Change in Control (including the date of the Change in Control).
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Change in Control Termination Period means the 24 month period following a Qualified Chang-in-Control Termination.
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Related to Change in Control Termination Period

  • Change in Control Termination means that while this Agreement is in effect:

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).