The "Effective Date" shall mean the first date during the Change of Control Period (as defined in Section l(b)) on which a Change of Control (as defined in Section 2) occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive's employment with the Company or this Agreement is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment or of this Agreement # was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or # otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the "Effective Date" shall mean the date immediately prior to the date of such termination of employment or purported termination of this Agreement.
“Effective Date” means the first date during the Change in Control Period on which a Change in Control occurs. Notwithstanding anything in this Agreement to the contrary, if # the Executive’s employment with the Company and/or an Affiliated Entity (as defined herein), is terminated, # the Date of Termination is prior to the date on which a Change in Control occurs, and # it is reasonably demonstrated by the Executive that such termination of employment # was at the request of a third party that has taken steps reasonably calculated to effect a Change in Control, or # otherwise arose in connection with or anticipation of a Change in Control, then for all purposes of this Agreement, the “Effective Date” means the date immediately prior to such Date of Termination.
The “Change of Control Date” shall mean the first date during the Change of Control Period (as defined in Section 1(b)) on which a Change of Control (as defined in Section 2) occurs. Anything in this Agreement to the contrary notwithstanding, if a Change of Control occurs and if the Executive’s employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment # was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control or # otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the “Change of Control Date” shall mean the date immediately prior to the date of such termination of employment.
Change of Control Date. The term Change of Control Date shall mean the first date, on or following the Effective Date, on which a Change of Control of the Company occurs. Anything in this Agreement to the contrary notwithstanding, if # a Change of Control of the Company occurs on or following the Effective Date, whether or not during the initial or extended term of this Agreement, # the Executives employment with the Employer terminates on or after the Effective Date and within six months prior to the Change of Control of the Company and # it is reasonably demonstrated by the Executive that # any such termination of employment by the Employer # was at the request of a third party who has taken steps reasonably calculated to effect a Change of Control of the Company or # otherwise arose in connection with or in anticipation of a Change of Control of the Company, or # any such termination of employment by the Executive took place within two years subsequent to the occurrence of an event or circumstance described in clause (A), (B), (C) or (D) of paragraph h.(ii) of this Section 1 (and otherwise in accordance with the conditions of said paragraph h.(ii)) which event # occurred at the request of a third party who has taken steps reasonably calculated to effect a Change of Control of the Company or # otherwise occurred in connection with or in anticipation of a Change of Control of the Company, then for all purposes of this Agreement the term Change of Control Date shall mean the day immediately prior to the date of such termination of employment.
Notwithstanding anything contained in this Agreement to the contrary, if Executive’s employment is terminated prior to a Change in Control and Executive reasonably demonstrates that such termination was at the request of or in response to a third party who has indicated an intention or taken steps reasonably calculated to effect a Change in Control, and who subsequently effectuates a Change in Control, then for all purposes of this Agreement, the date of a Change in Control shall mean the date immediately prior to the date of such termination of Executive’s employment.
The effective date of this Agreement (the "Effective Date") shall be the date on which # a Potential Change of Control occurs, # the Board approves a plan of complete liquidation or dissolution of the Company, # a Change of Control occurs pursuant to Section 2(a)(1) or (2) below or # a definitive agreement is signed by the Company which provides for a transaction that, if approved by shareholders or consummated, as applicable, would result in a Change of Control pursuant to Section 2(a)(3) or (4) below; provided, however, that any of the foregoing which may have occurred prior to the date hereof shall be disregarded. Anything in this Agreement to the contrary notwithstanding, if, prior to the Effective Date, the Executive's employment with the Company or its Affiliated Companies was terminated by the Company or its Affiliated Companies, or both, as applicable, other than for Cause or Disability (each as defined below) or by the Executive for Good Reason (as defined below) and the Executive can reasonably demonstrate that such termination (or the event constituting Good Reason) took place # at the request or direction of a third party who took action that caused a Potential Change of Control or # in contemplation of an event that would give rise to an Effective Date, an Effective Date will be deemed to have occurred (“Deemed Effective Date”) immediately prior to the Date of Termination (as defined in Section 7(e) below), provided that a Change of Control occurs within a two-year period following such Date of Termination. As used in this Agreement, the term "Affiliated Companies" shall include any corporation or other entity controlled by, controlling or under common control with the Company and the term “Subsidiary” shall mean # any corporation or other entity (other than the Company) with respect to which the Company owns, directly or indirectly, 50% or more of the total combined voting power of all classes of stock or other ownership interests or # any other related entity which may be designated by the Board as a Subsidiary, provided such entity could be considered a subsidiary according to generally accepted accounting principles.
Anything in this Agreement to the contrary notwithstanding, # if an Effective Date occurs (other than as a result of a Change of Control under Section 2(a)(1) or (2) above) and the Board adopts a resolution to the effect that the event or circumstance giving rise to the Effective Date no longer exists (including by reason of the termination or abandonment of the transaction contemplated by the definitive agreement referred to in [clause (iv) of Section 1] hereof), the Employment Period shall terminate on the date the Board adopts such resolution, but this Agreement shall otherwise remain in effect, and # if a Change of Control occurs pursuant to Section 2(a)(3) or (4) above during the Employment Period, the Employment Period shall immediately extend to and end on the third anniversary of the date of such Change of Control (or, if earlier, to the Date of Termination) and a new Effective Date will be deemed to have occurred on the date of such Change of Control.
Effective Date. The effective date of this Agreement (the "Effective Date") shall be the date on which # a Potential Change of Control occurs, # the Company’s shareholders approve a plan of complete liquidation or dissolution of the Company, # a Change of Control occurs pursuant to [Section 2(a)(1) or (2)])] below, or # a definitive agreement is signed by the Company which provides for a transaction that, if approved by shareholders or consummated, as applicable, would result in a Change of Control pursuant to [Section 2(a)(3) or (4)])] below; provided, however, that any of the foregoing which may have occurred prior to the date hereof shall be disregarded. Anything in this Agreement to the contrary notwithstanding, if, prior to the Effective Date, the Executive's employment with the Company or its Affiliated Companies was terminated by the Company or its Affiliated Companies, or both, as applicable, other than for Cause or Disability (each as defined below) or by the Executive for Good Reason (as defined below) and the Executive can reasonably demonstrate that such termination (or the event constituting Good Reason) took place # at the request or direction of a third party who took action that caused a Potential Change of Control or # in contemplation of an event that would give rise to an Effective Date, an Effective Date will be deemed to have occurred (“Deemed Effective Date”) immediately prior to the Date of Termination (as defined in [Section 6(e)] below), provided that a Change of Control occurs within a six-month period following such Date of Termination. As used in this Agreement, the term "Affiliated Companies" shall include any corporation or other entity controlled by, controlling or under common control with the Company and the term “Subsidiary” shall mean # any corporation or other entity (other than the Company) with respect to which the Company owns, directly or indirectly, 50% or more of the total combined voting power of all classes of stock or other ownership interests or # any other related entity which may be designated by the Board as a Subsidiary, provided such entity could be considered a subsidiary according to generally accepted accounting principles.
Anything in this Agreement to the contrary notwithstanding, # if an Effective Date occurs (other than as a result of a Change of Control under [Section 2(a)(1) or (2)])] above) and the Board adopts a resolution to the effect that the event or circumstance giving rise to the Effective Date no longer exists (including by reason of the termination or abandonment of the transaction contemplated by the definitive agreement referred to in [clause (iv) of Section 1] hereof), the Employment Period shall terminate on the date the Board adopts such resolution, but this Agreement shall otherwise remain in effect, and # if a Change of Control occurs pursuant to [Section 2(a)(3) or (4)])] above during the Employment Period, the Employment Period shall immediately extend to and end on the third anniversary of the date of such Change of Control (or, if earlier, to the Date of Termination) and a new Effective Date will be deemed to have occurred on the date of such Change of Control.
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