Example ContractsClauseschange in ownership of a substantial portion of the company’s assetsVariants
Change in Ownership of a Substantial Portion of the Company’s Assets
Change in Ownership of a Substantial Portion of the Company’s Assets contract clause examples

Notwithstanding the foregoing, however, in any circumstance or transaction in which compensation payable pursuant to the Plan would be subject to the income tax under the [Section 409A] Rules if the foregoing definition ofChange in Control” were to apply, but would not be so subject if the term “Change in Control” were defined herein to mean achange in the ownership or effective control of a corporation or a change in the ownership of a substantial portion of the assets of a corporation” within the meaning of Treasury Regulation § 1.409A-3(i)(5), then “Change in Control” means, but only to the extent necessary to prevent such compensation from becoming subject to the income tax under the [Section 409A] Rules, a transaction or circumstance that satisfies the requirements of both (1) a Change in Control under the applicable [clause (i) through (iv) above], and (2) a change in control event under Treasury Regulation Section § 1.409A-3(i)(5).

Notwithstanding the foregoing, however, in any circumstance or transaction in which compensation resulting from or in respect of this Agreement would result in the imposition of an additional tax under Section 409A of the Code if the foregoing definition ofChange in Control” were to apply, but would not result in the imposition of any additional tax if the term “Change in Control” were defined herein to mean achange in control event” within the meaning of Treasury Regulation Section 1.409A-3(i)(5), then “Change in Control” shall mean achange in control event” within the meaning of Treasury Regulation

Notwithstanding the foregoing definition or any other provision of this Plan, the term Change in Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company. Further notwithstanding the foregoing, if a Change in Control constitutes a payment event hereunder that provides for the deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional taxes under Section 409A, the transaction or event described in subsection [(i), (ii), (iii) or (v) of this Section 6(g)])])])] with respect to such payment shall only constitute a Change in Control for purposes of payment timing if such transaction also constitutes achange in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5).

“Change of Control” has the meaning under the Plan, provided that a transaction will not be deemed a Change of Control unless the transaction qualifies as a change in control event within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time (“[Section 409A]”).

Notwithstanding the preceding provisions, in the event that any compensation paid under the Plan is deemed to be deferred compensation subject to (and not exempt from) the provisions of Code Section 409A, then payment to be made upon a Change in Control may be permitted, in the Board’s discretion (if and to the extent permitted under Code Section 409A), upon the occurrence of one or more of the following events (as they are defined and interpreted under Code Section 409A): (A) a change in the ownership of ; (B) a change in effective control of ; or (C) a change in the ownership of a substantial portion of the assets of .

Solely with respect to any award that constitutes nonqualified deferred compensation subject to Section 409A of the Code and that is payable on account of a Change in Control (including any installments or stream of payments that are accelerated on account of a Change in Control), a Change in Control shall occur only if such event also constitutes achange in the ownership,” “change in effective control,” and/or achange in the ownership of a substantial portion of assetsof the Company as those terms are defined under Treasury Regulation §1.409A-3(i)(5), but only to the extent necessary to establish a time and form of payment that complies with Section 409A of the Code, without altering the definition of Change in Control for any purpose in respect of such award.

Change in Control” shall have the meaning set forth in the 2021 Omnibus Incentive Plan, as it may be amended from time to time; provided that to the extent required for compliance with Section 409A of the Code, in no event will a Change in Control be deemed to have occurred if such transaction is not also achange in the ownership or effective control of or “a change in the ownership of a substantial portion of the assets of as determined under Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

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