Common use of Takeover Event Clause in Contracts

Takeover Event. The Corporation is taken over and Mr. ▇▇▇▇▇▇ ▇▇ asked to leave. The concept of "takeover", for purposes of this Agreement means that control or obsession of the Corporation has been assumed by an outside person(s) or entity(ies). It is contemplated that the request of Separation is as a result of the Takeover Event.

Takeover Event. The Takeover Event", for purposes of this agreement means the Corporation is taken over and Mr. ▇▇▇▇▇▇ ▇▇ asked to leave. The concept of "takeover", " for purposes of this Agreement means that control or obsession possession of the Corporation has been assumed by an outside person(s) or entity(ies). It is contemplated that the request of Separation is as a result of the Takeover Event.