Common use of Change in Control Date Clause in Contracts

Change in Control Date. For purposes of this Agreement, “Change in Control Date” means (A) the first date during the Term on which a Change in Control occurs; or (B) the date immediately prior to the date on which the Executive is terminated before a Change in Control if a Change in Control occurs and it is reasonably demonstrated by the Executive that such termination of employment (1) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control; or (2) otherwise arose in connection with or in anticipation of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Polymedica Corp), Employment Agreement (Polymedica Corp), Employment Agreement (Polymedica Corp)

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Change in Control Date. For purposes of this Agreement, "Change in Control Date" means (A) the first date during the Term on which a Change in Control occurs; or (B) the date immediately prior to the date on which the Executive is terminated before a Change in Control if a Change in Control occurs and it is reasonably demonstrated by the Executive that such termination of employment (1) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control; or (2) otherwise arose in connection with or in anticipation of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Polymedica Corp)

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