Imminent Control Change Period definition

Imminent Control Change Period means the period commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of
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Imminent Control Change Period means the period commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of (a) a Change Date, provided (i) such date occurs no later than the one-year anniversary of the Termination Date, and (ii) either the Imminent Control Change has not lapsed, or the Imminent Control Change in effect upon such Change Date is the last Imminent Control Change in a series of Imminent Control Changes unbroken by any period of time between the lapse of an Imminent Control Change and the occurrence of a new Imminent Control Change; (b) if Executive’s business unit undergoes Disaggregation and Executive retains substantially the same position with the Disaggregated Entity as immediately prior to such Disaggregation (determined without regard to reporting obligations) the earlier to occur after such Disaggregation of a Change Date or the end of the 60th day following such Disaggregation without the occurrence of a Change Date, (c) the date an Imminent Control Changes lapses without the prior or concurrent occurrence of a new Imminent Control Change; or (d) the twelve-month anniversary of the Termination Date.
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Imminent Control Change Period means the period commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of (a) a Change Date, provided (i) such date occurs no later than the one-year anniversary of the Termination Date, and (i) either the Imminent Control Change has not lapsed, or the Imminent Control Change in effect upon such Change Date is the last Imminent Control Change in a series of Imminent Control Changes unbroken by any period of time between the lapse of an Imminent Control Change and the occurrence of a new Imminent Control Change; (b) the date an Imminent Control Changes lapses without the prior or concurrent occurrence of a new Imminent Control Change; or (c) the twelve-month anniversary of the Termination Date.
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Examples of Imminent Control Change Period in a sentence

  • If the Imminent Control Change Period lapses without a Change Date, such unvested Restricted Stock shall thereupon be forfeited.

  • The Executive shall be indemnified and held harmless by the Company to the same extent as provided in Section 4.1(g), but only during the Imminent Control Change Period (or greater period provided under the Company’s by-laws) if the Imminent Control Change Period lapses without a Change Date.

  • If the Company (or Affiliate or, if applicable, the Disaggregated Entity) terminates Executive’s employment for Cause during the Post-Change Period, the Imminent Control Change Period, the Post-Significant Acquisition Period, or the Post-Disaggregation Period, the Company’s sole obligation to Executive under Articles II, IV, and V shall be to pay Executive, pursuant to the Company’s then-effective Plans, a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date.

  • The Company shall provide the same level of directors’ and officers’ liability insurance for Executive as provided in Section 4.1(h), but only during the Imminent Control Change Period (or greater period provided under the Company’s by-laws) if the Imminent Control Change Period lapses without a Change Date.

  • During the portion of any Imminent Control Change Period that occurs before the Termination Date, the Company may in its discretion change the Executive’s position, authority and duties and may change the location where Executive’s services shall be performed.

  • Executive’s Performance Shares granted under the Exelon Performance Share Program under the LTIP will not be forfeited during the Imminent Control Change Period, and will not continue to vest during the Imminent Control Change Period.

  • If Executive’s Termination of Employment occurred during any portion of an Imminent Control Change Period that is also a Post-Significant Acquisition Period, the Company’s obligations to Executive, if any, shall be determined under Section 4.1.

  • If Executive elects to retire or otherwise terminate employment during the Post-Change Period, the Imminent Control Change Period, the Post-Significant Acquisition Period, or the Post-Disaggregation Period, other than for Good Reason, Disability or death, the Company’s sole obligation to Executive under Articles II, IV, and V shall be to pay Executive, pursuant to the Company’s then-effective Plans, a lump-sum cash amount equal to all Accrued Obligations determined as of the Termination Date.

  • During the Post-Change Period, Post-Disaggregation Period, Imminent Control Change Period or Post-Significant Acquisition Period, the Company may terminate Executive’s employment (or cause Executive’s employment to be terminated) for Cause solely in accordance with all of the substantive and procedural provisions of this Section 3.3.

  • During the Imminent Control Change Period, “Good Reason” shall not include the events or conditions described in Section 3.4(a)(i), 3.4(a)(ii) or 3.4(a)(iv) unless the Imminent Control Change Period culminates in a Change Date.


More Definitions of Imminent Control Change Period

Imminent Control Change Period means the period commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of (a) a Change Date, provided (i) such date occurs no later than the one-year anniversary of the Termination Date, and
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Imminent Control Change Period means any of the following:
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Imminent Control Change Period means the period (excluding any portion of such period in effect during the Current Post-Merger Period, but including any portion of such period after a Disaggregation occurring after October 20, 2002) commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of (a) a Change Date, provided (i) such date occurs after October 20, 2002 and no later than the one-year anniversary of the Termination Date, and (ii) either the Imminent Control Change has not lapsed, or the Imminent Control Change in effect upon such Change Date is the last Imminent Control Change in a series of Imminent Control Changes unbroken by any period of time between the lapse of an Imminent Control Change and the occurrence of a new Imminent Control Change; (b) if Executive's business unit undergoes Disaggregation after October 20, 2002, and Executive retains substantially the same position with the Disaggregated Entity as immediately prior to such Disaggregation (determined without regard to reporting obligations) the earlier to occur after such Disaggregation of a Change Date or the end of the 60th day following such Disaggregation without the occurrence of a Change Date, (c) the date an Imminent Control Changes lapses without the prior or concurrent occurrence of a new Imminent Control Change; or (d) the twelve-month anniversary of the Termination Date.
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Imminent Control Change Period means the period commencing on the date any one or more of the following events occurs (or the first of such events in a series of such events) and ending on the date on which a Change of Control or a Merger of Equals occurs:
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Imminent Control Change Period means the period (excluding any portion of such period in effect during the Current Post-Merger Period) commencing on the date of an Imminent Control Change, and ending on the first to occur thereafter of (a) a Change Date, provided (i) such date occurs after October 20, 2002 and no later than the one-year anniversary of the Termination Date, and (ii) either the Imminent Control Change has not lapsed, or the Imminent Control Change in effect upon such Change Date is the last Imminent Control Change in a series of Imminent Control Changes unbroken by any period of time between the lapse of an Imminent Control Change and the occurrence of a new Imminent Control Change; (b) the date an Imminent Control Changes lapses without the prior or concurrent occurrence of a new Imminent Control Change; or (c) the twelve-month anniversary of the Termination Date.
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Related to Imminent Control Change Period

  • Change of Control Period means the period commencing on the date hereof and ending on the third anniversary of the date hereof; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.

  • 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.

  • Control Period means the period beginning May first of a year and ending on September thirtieth of the same year, inclusive.

  • Control Change Date means the date on which a Change in Control occurs. If a Change in Control occurs on account of a series of transactions, the “Control Change Date” is the date of the last of such transactions.

  • Change of Control Date means the date on which a Change of Control occurs.