Qualifying Change of Control Contract Clauses (11)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Qualifying Change of Control clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Qualifying Change of Control. Upon a Qualifying Change of Control prior to the end of the Performance Period, provided the Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, the Participant will receive a lump sum cash payment equal to the greater of (i) the Target Amount or (ii) the total payout that would be made at the end of the Performance Period if the predicted performance used for determining the compensation co...st recognized by the 4 Company for the Participant's Performance Grant for the latest financial statement filed with the Company's Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the Qualifying Change of Control was the actual performance for the Performance Period (in either case, the "COC Payout Amount"). Payment will be made on or as soon as administratively feasible following the Qualifying Change of Control date and in no event later than sixty (60) days following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to Section 7(a) above, then the Participant will receive a pro-rated payout of the Participant's Performance Grant, equal to the COC Payout Amount multiplied by the fraction set forth in Section 7(a) above, with payment occurring in a cash lump sum on or as soon as administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Following any payment under this Section 8, the Participant shall not have the right to any further payment under this Agreement.View More
Qualifying Change of Control. Upon a Qualifying Change of Control prior to the end of the Performance Period, provided the Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, a number of the Goal-Based Stock shares will be issued to the Participant will receive a lump sum cash payment equal to the greater of (i) the Target Amount or (ii) the total payout number of shares that would be made issued at the end of the Perfor...mance Period if the predicted performance used for determining the compensation cost recognized by the 4 Company for the Participant's Performance Grant this Award for the latest financial statement filed with the Company's Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the Qualifying Change of Control was the actual performance for the Performance Period (in either case, the "COC Payout Amount"). Payment The Goal-Based Stock shares will be made issued on or as soon as administratively feasible following the Qualifying Change of Control date and (but in no any event later than within sixty (60) days days) following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to Section 7(a) 5(a) above, then the Participant will receive a pro-rated pro- 3 rated payout of the Participant's Performance Grant, Goal-Based Stock Award, equal to the COC Payout Amount multiplied by the fraction set forth in Section 7(a) 5(a) above, with payment occurring in a cash lump sum shares being issued on or as soon as administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Following any payment under Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Section 8, the Participant shall not have the right to any further payment under this Agreement. 6 will be forfeited. View More
Qualifying Change of Control. Upon a Qualifying Change of Control (as defined in the Company's 2014 Incentive Compensation Plan, as amended) prior to the end of the Performance Period, provided the Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, the Participant will receive a lump sum cash payment equal to the greater of (i) the Target Amount or (ii) the total payout that would be made at the end of the Performance P...eriod if the predicted performance used for determining the compensation cost recognized by the 4 Company for the Participant's Performance Grant for the latest financial statement filed with the Company's Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the Qualifying Change of Control was the actual performance for the Performance Period (in either case, the "COC Payout Amount"). Payment will be made on or as soon as administratively feasible following the Qualifying Change of Control date and in no event later than sixty (60) days following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to Section 7(a) above, then the Participant will receive a pro-rated payout of the Participant's Performance Grant, equal to the COC Payout Amount multiplied by the fraction set forth in Section 7(a) above, with payment occurring in a cash lump sum on or as soon as administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Following any payment under this Section 8, the Participant shall not have the right to any further payment under this Agreement. 9. Termination for Cause. Notwithstanding any provision of this Plan to the contrary, if the Participant's employment with the Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all rights to his or her Performance Grant. View More
