Change in Control Clause Example with 3 Variations from Business Contracts

This page contains Change in Control clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Change in Control. The vesting of the Option in the event of a Change in Control is governed by Section 12.02 of the Plan. Involuntary termination of your employment by the Company would be termination of your employment by the Company without Cause and termination by you of your employment for Good Reason. "Good Reason" means a material diminution in your base salary; material diminution in your annual target bonus opportunity; material diminution in your authority, duties or responsibilities; material diminution... in authority, duties or responsibilities of the supervisor to whom you report; material diminution in the budget over which you retain authority; or material change in the geographic location at which you must perform services. View More
Found in MODINE MANUFACTURING CO contract

Variations of a "Change in Control" Clause from Business Contracts

Change in Control. The vesting of Notwithstanding anything in this Agreement to the Option in the event of contrary, upon a Change in Control is governed by Section 12.02 Control, all outstanding Performance Cash Awards shall be deemed to have satisfied the Target Performance Goals and shall be paid pro-rata based upon the period worked during the Performance Period as of the Plan. Involuntary date of an involuntary termination of your employment by with the Company would be termination of your employment or a Sub...sidiary by the Company without Cause and termination or by you of your employment for Good Reason. Reason within one (1) year following a Change in Control. "Good Reason" means a material diminution in your base salary; material diminution in your annual target bonus opportunity; material diminution in your authority, duties or responsibilities; material diminution in authority, duties or responsibilities of the supervisor to whom you report; material diminution in the budget over which you retain authority; or material change in the geographic location at which you must perform services. 3 5. Death or Disability. Notwithstanding anything in this Agreement to the contrary, upon your termination of employment due to death or Disability (as defined herein), a prorated portion (based on the period working during the Performance Period) of the Performance Cash granted to you hereunder shall vest based on the Company's actual achievement of the Performance Goals at the end of the Performance Period as certified by the Committee, and payment will be made to you after the Committee has approved and certified the amount of Performance Cash that has been earned hereunder. For purposes of this Award Agreement, "Disability" shall mean "permanent and total disability" as defined in Section 22 (e)(3) of the Code. View More
Found in MODINE MANUFACTURING CO contract
Change in Control. The vesting of Notwithstanding anything in this Agreement to the Option in the event of contrary, upon a Change in Control is governed by Section 12.02 Control, all outstanding Performance Cash Awards shall be deemed to have satisfied the Target Performance Goals and shall be paid pro-rata based upon the period worked during the Performance Period as of the Plan. Involuntary date of an involuntary termination of your employment by with the Company would be termination of your employment or a Sub...sidiary by the Company without Cause and termination or by you of your employment for Good Reason. Reason within one (1) year following a Change in Control. "Good Reason" means a material diminution in your base salary; material diminution in your annual target bonus opportunity; material diminution in your authority, duties or responsibilities; material diminution in authority, duties or responsibilities of the supervisor to whom you report; material diminution in the budget over which you retain authority; or material change in the geographic location at which you must perform services. View More
Found in MODINE MANUFACTURING CO contract
Change in Control. The vesting of Notwithstanding anything in this Agreement to the Option in the event of contrary, upon a Change in Control is governed by Section 12.02 Control, all outstanding Performance Stock shall be deemed to have satisfied the Target Performance Goals and shall vest pro-rata based upon the period worked during the Performance Period as of the Plan. Involuntary date of an involuntary termination of your employment by with the Company would be termination of your employment or a Subsidiary b...y the Company without Cause and termination or by you of your employment for Good Reason. Reason within one (1) year following a Change in Control. "Good Reason" means a material diminution in your base salary; material diminution in your annual target bonus opportunity; material diminution in your authority, duties or responsibilities; material diminution in authority, duties or responsibilities of the supervisor to whom you report; material diminution in the budget over which you retain authority; or material change in the geographic location at which you must perform services. View More
Found in MODINE MANUFACTURING CO contract