Common use of Change in Effective Control of the Company Clause in Contracts

Change in Effective Control of the Company. Individuals who are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board over a period of 12 months; provided however that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes hereunder, be considered as a member of the Incumbent Board; or

Appears in 8 contracts

Samples: Employment Agreement (Anaplan, Inc.), Change in Control and Severance Agreement (Anaplan, Inc.), Change in Control and Severance Agreement – Executive (Anaplan, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.