Change in CEO definition

Change in CEO means the first appointment or election after the Effective Date of a Chief Executive Officer of the Company not serving in such position immediately prior to such appointment or election.
Change in CEO means the first appointment of a new CEO following the Effective Date and on or prior to the third anniversary of the Effective Date.
Change in CEO means the replacement of Xxxxx X. Xxxxxxxx as Chief Executive Officer of Gen-Probe; provided, however that (a) no Change-in-CEO will occur if the successor to Xx. Xxxxxxxx has been an employee of Gen-Probe for at least the one-year period preceding the date on which he or she is appointed CEO and (b) no Change-in-CEO will occur if Xx. Xxxxxxxx remains as Chairman of Gen-Probe. In the event that Xx. Xxxxxxxx does not remain as Chairman, and his successor as President and CEO has not been an employee of Gen-Probe for at least one year before the later of Xx. Xxxxxxxx'x termination as (i) President and CEO or (ii) Chairman, then DiagnoCure shall have the option for a period of six months to terminate the right of the President and CEO of Gen-Probe, pursuant to Section 6.5.2, to make the final decision in order to resolve a Program Dispute.

Examples of Change in CEO in a sentence

  • The 24-month extension described in this Section 1.03 shall take effect regardless of whether, before or after the effective date of a Change in Control or Change in CEO, Executive or the Company has given written notice of intent not to extend the term of the Agreement pursuant to Section 1.02 or there has occurred a termination of Executive's employment, provided the term of the Agreement has not yet expired as of such effective date.

  • In the event that any Change in Control or a Change in CEO occurs during the Initial Term or any Successive Period, upon the effective date of such Change in Control or Change in CEO the term of this Agreement shall automatically be extended for a period of 24 months from the effective date of such Change in Control or Change in CEO, as the case may be (an "Extended Term").

  • Change in CEO In March 2005, the Company announced the appointment of Tye Burt as President and Chief Executive Officer.

  • Pursuant to Good Reason definition (g), any such termination pursuant to this Section 6.5(b) shall be made by Executive providing written notice to the Company within 180 days after a Change in CEO during the initial Term.

  • The Board believes it is imperative to diminish the inevitable distraction of the Employee by virtue of the personal uncertainties and risks created by the Change in CEO and to encourage the Employee's full attention and dedication to the Company and to provide the Employee with compensation and benefits arrangements which ensure that the compensation and benefits expectations of the Employee will be satisfied and are competitive with those of other corporations.


More Definitions of Change in CEO

Change in CEO means Cxxxxxxxx Xxxxxx Xxxxxxxx ceasing to be the CEO of Aleph Cayman;

Related to Change in CEO

  • Change in Capitalization means any increase or reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise.

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Change in Control Termination means that while this Agreement is in effect:

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Change in Control means the occurrence of any of the following events:

  • A "CHANGE IN CONTROL means an Ownership Change Event or a series of related Ownership Change Events (collectively, the "TRANSACTION") wherein the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction, in substantially the same proportions as their ownership of shares of the Company's voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding voting stock of the Company or the corporation or corporations to which the assets of the Company were transferred (the "TRANSFEREE CORPORATION(S)"), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting stock of one or more corporations which, as a result of the Transaction, own the Company or the Transferee Corporation(s), as the case may be, either directly or through one or more subsidiary corporations. The Board shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 16.20(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control, or (iii) with respect to a Potential Change in Control occurring pursuant to Section 16.20(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Potential Change in Control means the occurrence of any of the following events:

  • Change in Control Transaction means the occurrence of any of the following events:

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • 409A Change in Control means a “Change in Control” which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Change in condition means a change in physical condition of the employee as well as any change

  • Change in service means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, and includes the addition or deletion of a telecommunications service for which a separate charge is made to a customer account.

  • Change of Control means the occurrence of any of the following:

  • Board Change means, during any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Change in Control Price means the highest price per share of Stock offered in conjunction with any transaction resulting in a Change in Control (as determined in good faith by the Committee if any part of the offered price is payable other than in cash) or, in the case of a Change in Control occurring solely by reason of a change in the composition of the Board, the highest Fair Market Value of the Stock on any of the 30 trading days immediately preceding the date on which a Change in Control occurs.

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Constructive Termination means:

  • Qualifying Change in Control means the date on which there occurs a Change in Control that also qualifies as: (i) a change in the ownership of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(v) of the Treasury Regulations, (ii) a change in the effective control of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vi) of the Treasury Regulations, or (iii) a change in the ownership of a substantial portion of the assets of the Corporation, as determined in accordance with Section 1.409A-3(i)((5)(vii) of the Treasury Regulations.

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events: