Example ContractsClauseseffect of non assumption in a change in controlVariants
Remove:

Notwithstanding the foregoing, if there is a Change in Control as described under [Section 2(d)], then Participant shall receive, within ten (10) days of the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of Shares

Certain Changes in Control. Notwithstanding the foregoing, if there is a Change in Control as described under [Section 2(d)], then ParticipantParticipant, or Participant’s legal representatives, beneficiaries or heirs, as the case may be, shall receive, within ten (10) days ofafter the occurrence of such Change in Control, a cash payment from the Company in an amount based on the number of SharesUnits calculated under [Section 1(b)] multiplied by the Ending Value as determined under [Section 1(b)(iv)].

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.