Change in Control of ▇▇▇▇▇▇ definition
Change in Control of ▇▇▇▇▇▇ means the first to occur of the following events after the Effective Date: (a) MMC approves a plan of complete liquidation of ▇▇▇▇▇▇, or a sale or other disposition of all or substantially all of its assets to an entity of which MMC holds less than 50% of the voting power of securities; or (b) MMC, together with its subsidiaries, trustees or other fiduciaries holding securities of ▇▇▇▇▇▇ under an employee benefit plan maintained by MMC or by a subsidiary of MMC, ceases for any reason (including by reason of a sale or other disposition, including a spinoff or public offering) to be a beneficial owner of securities of ▇▇▇▇▇▇ representing more than 50% of the voting power of the securities of ▇▇▇▇▇▇.
Examples of Change in Control of ▇▇▇▇▇▇ in a sentence
It shall not be deemed to be a material diminution in authority or duties if Key Employee is assigned a different title, position or reporting authority after the Change in Control of the Company so long as Key Employee continues to perform duties which, in aggregate, are similar to some or all of the duties performed by Key Employee immediately before the Change in Control of ▇▇▇▇▇▇.
However, your Restricted Stock will become 100% vested if there is a Change in Control of ▇▇▇▇▇▇ as defined in the Plan.
However, your Restricted Shares will become 100% vested if there is a Change in Control of ▇▇▇▇▇▇, as defined in the Plan, or in the event of your death or Disability, as defined in the Plan.