Change in the Control definition
Examples of Change in the Control in a sentence
The Commonwealth may cancel this Agreement by notice, due to a change in government policy; or a Change in the Control of the Grantee, which the Commonwealth believes will negatively affect the Grantee’s ability to comply with this Agreement.
Change in the Control means any change in any person(s) who directly exercise effective control over the Grantee.
Accordingly, the Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in the Control of the Company.
If the Company is a constituent corporation in a merger or consolidation, whether the Company is the resulting or surviving corporation or is absorbed as a result thereof, or if there is a Change in Control of the Company, Indemnitee shall stand in the same position under this Agreement with respect to the resulting, surviving or changed corporation as Indemnitee would have with respect to the Company if its separate existence had continued or if there had been no Change in the Control of the Company.
Upon the occurrence of a Change in Control, an independent party selected jointly by the Executives in the Agreement prior to the Change in the Control and the Board or other appropriate person shall assume all duties and responsibilities of the Board or Bank under this Article 16.
Upon the occurrence of a Change of Control, an independent party selected jointly by the Participants in the Plan prior to the Change in the Control and the Committee or the Plan Administrator or other appropriate person shall assume all duties and responsibilities of the Committee or Plan Administrator under this Article 9 and actions may be brought by a Claimant in any appropriate court with respect to an Arbitrable Dispute.
Non-vested options which have not been forfeited as provided for in the first sentence of this paragraph shall become fully vested at the earliest to occur of (i) the date set forth in the vesting schedule above, (ii) the Participant's death or Disability, and (iii) a Change in the Control of the Corporation.
All of the unvested Options shall vest immediately on completion of an event constituting a Change in the Control of the Corporation.
If there has not been a forfeiture as set forth in the preceding paragraphs, then in the event of the occurrence prior to the Payment Date of (i) the Participant's death or Disability or (ii) a Change in the Control of the Corporation, the Participant shall receive upon the occurrence of (i) or (ii) the Award Shares (or the Target Award Shares in the event that the Corporation's [___] financial statements have not yet been filed with the Securities and Exchange Commission).
If there has not been a forfeiture as set forth in the preceding paragraphs, then in the event of the occurrence prior to the Payment Date of (i) the Participant’s death or Disability or (ii) a Change in the Control of the Corporation, the Participant shall receive the Award Shares (or the Target Award Shares in the event that the Corporation’s [___] financial statements have not yet been completed and filed with the Securities and Exchange Commission).