Change definition
Examples of Change in a sentence
Employee and Arrowhead Pharmaceuticals, Inc., a Delaware corporation (the “Company”) entered into a Severance and Change of Control Agreement dated _________ __, 2024 (the “Agreement”), by which the parties agreed that in certain circumstances Employee would become eligible for severance payments and benefits following certain terminations of employment in exchange for Employee’s release of the Company from all claims which Employee may have against the Company.
If the Termination Date occurs prior to the date on which the applicable Change of Control is consummated, the Company shall pay Employee a lump sum cash payment based on the value of any Awards that terminated as a result of Employee’s termination of employment, but would have vested had Employee remained employed and the Termination Date had been the date the applicable Change of Control is consummated.
In witness whereof, this Severance and Change of Control Agreement has been executed as of the date first set forth above.
The determination of whether the conditions for effectively assuming the Award have been satisfied shall be made by the Board, as constituted immediately before the Change of Control, in its sole discretion.
In the event of a Change of Control, the Committee will make such determinations within a period of time that enables the Company to make any payments due hereunder not later than the date of consummation of the Change of Control.