Control Change Date Clause Samples
The Control Change Date clause defines the specific date on which a change in control of a company or asset is considered to have occurred for contractual purposes. This clause typically outlines the criteria or events that trigger the recognition of a control change, such as the transfer of a majority of voting shares or the completion of a merger. By clearly establishing when control is deemed to have changed, the clause ensures that related rights, obligations, or consequences—such as triggering buyout provisions or termination rights—are applied consistently and without ambiguity.
Control Change Date. Control Change Date means the date on which an event described in Section 1.2 occurs. If a Change in Control occurs on account of a series of transactions, the Control Change Date is the date of the last of such transactions.
Control Change Date. Control Change Date" shall mean the effective date of a Change in Control.
Control Change Date. For purposes of this Agreement, a Control Change Date means "Control Change Date" as defined in the Ethyl Corporation Supplemental Benefits Plan Trust, effective August 25, 1997.
Control Change Date. In addition, the change in control provisions of the agreements and plans governing options, restricted shares, and other equity or incentive awards granted to Executive under the 2005 Plan or any other award plan of DST or its affiliates shall govern whether any such outstanding awards become exercisable or payable or vest in connection with a change in control, as defined in the applicable agreement or plan.