Examples of Change in Control Event in a sentence
If the Participant’s employment or service is terminated by the Company or any Subsidiary or Affiliate due to a Qualifying Termination (as defined in Section 5(e) below) within 18 months following a Change in Control Event, this Option shall vest and become 100% exercisable upon the date of such termination of employment or service and the right to exercise this Option shall terminate one year following such date (but in no event after the Final Exercise Date).
Notwithstanding the foregoing, if a 409A Change in Control Event occurs because of a Board Change in Control before [December 31, 2026], the applicable percentage based on the Company’s TSR Percentile Ranking shall be deemed to be [ ]%.
Such determination shall be made by the Committee during January or February of [2027] (or such earlier time as may be required to make any related payments in connection with an earlier 409A Change in Control Event) and, in the event of any ambiguity or discrepancy, the determination of the Committee shall be final and binding.
If the 409A Change in Control Event occurs on or before [March 31, 2024], the applicable percentage determined based on the Company’s Average Debt to EBITDA Ratio shall be deemed to be [ ]%.
In the event that the Participant’s employment or service is terminated by the Company (or a Subsidiary or Affiliate) due to a Qualifying Termination (as defined in Section 5(e) below) within 18 months after a Change in Control Event that occurs prior to the final Vesting Date, the RSUs that have not previously vested shall vest 100% upon the date of such termination.