Change in Ownership or Control definition

Change in Ownership or Control means a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b)(2) of the Code.
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Change in Ownership or Control has the meaning given to that term (without initial caps) in the Treasury Regulations published under Section 280G.
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Change in Ownership or Control means a change in the ownership or effective control of the Company or in the ownership of a substantial portion of the assets of the Company determined in accordance with Section 280G(b )(2) of the Code.
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Examples of Change in Ownership or Control in a sentence

  • Notwithstanding a Participant’s Election pursuant to this Section 7, if a Change in Ownership or Control (within the meaning of Section 409A) occurs prior to the Deferred Date, the Deferred Amounts will be distributed to the Participant on the date of the Change in Ownership or Control.

  • In the event Shares no longer exist at the time of payment and transfer, each of the deferred Performance Units shall be converted in a manner that is consistent with the manner in which Shares held by shareholders of the Company were treated with respect to the Change in Ownership or Control.

  • Change in Ownership or Control (Mandatory Distribution) Notwithstanding the above elections, if a Change in Ownership or Control (within the meaning of Section 409A) occurs prior to the full distribution of the Deferred Amounts, all Deferred Amounts that have not been paid and transferred will be paid and transferred on the date of the Change in Ownership or Control.

  • Within 30 days after each date on which the Executive first becomes entitled to receive (whether or not then due) a Contingent Compensation Payment relating to such Change in Ownership or Control, the Company shall determine and notify the Executive (with reasonable detail regarding the basis for its determinations) (i) which of such payments and benefits constitute Contingent Compensation Payments, (ii) the Eliminated Amount and (iii) whether the Section 5.2 Override is applicable.

  • In the case of a subsequent election related to a payment to be made upon Separation from Service of the Grantee, at a Specified Time or pursuant to a Fixed Schedule, or upon a Change in Ownership or Control, the first payment with respect to which such subsequent election is made shall be deferred for a period of not less than five (5) years from the date such payment would otherwise have been made.


More Definitions of Change in Ownership or Control

Change in Ownership or Control means a change in the ownership or effective control of MicroStrategy or in the ownership of a substantial portion of the assets of MicroStrategy determined in accordance with Section 280G(b)(2) of the Code.
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Change in Ownership or Control means a change in the ownership or effective control of the
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Change in Ownership or Control means a change in the ownership or effective control of AWHI or AWI or in the ownership of a substantial portion of the assets of AWHI or AWI determined in accordance with Section 280G(b)(2) of the Code;
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Change in Ownership or Control means a person other than the permittee that has been granted a real property interest or lease interest in the property subject to the permit; but does not include a person with a familial relationship to the permittee.
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Change in Ownership or Control means (i) prior to the effective date of the Separation, a change in the ownership or effective control of ONEOK or in the ownership of a substantial portion of ONEOK’s assets within the meaning of Code Section 409A and the Treasury Regulations thereunder; and (ii) on or after the effective date of the Separation, a change in the ownership or effective control of ONE Gas or in the ownership of a substantial portion of ONE Gas’s assets within the meaning of Code Section 409A and the Treasury Regulations thereunder. For avoidance of doubt, the Separation will not constitute a Change in Ownership or Control for purposes of the Plan.
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Change in Ownership or Control shall be deemed to have occurred if, without the prior written consent of the Required Banks, at any time on or after the Effective Date: (i) any Person or group (within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended) other than one or more members of the Existing Ownership Group shall beneficially own, directly or indirectly, a percentage of the Ordinary Voting Stock that is at such time in excess of the percentage of the Ordinary Voting Stock beneficially owned, directly or indirectly, at such time by all members of the Existing Ownership Group taken as a whole; (ii) any Person or group (within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended) other than one or more members of the Existing Ownership Group shall beneficially own, directly or indirectly, a percentage of the Ordinary Voting Stock that is at such time in excess of 25% of the Ordinary Voting Stock outstanding at such time; or (iii) the Continuing Directors shall fail to constitute a majority of the Board of Directors of the Borrower at such time.
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Change in Ownership or Control means to the extent provided by Treasury Regulations issued under Code Section 409A, a change in the ownership or effective control of the Corporation, or in the ownership of a substantial portion of the assets of the Corporation.
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