Examples of Change in Control Provision in a sentence
To the extent that the Board contends that it lacks the ability to disable the Change in Control Provision in any of the Plans or the Credit Agreement, the Change in Control Provisions are per se invalid and unenforceable under Delaware law.III.
Declaring that the Director Defendants breached their fiduciary duties by (a) refusing to approve the Marcato Nominees as “continuing directors” under the Plans, (b) refusing to nominate the Marcato Nominees to disable the Credit Agreement’s Change in Control Provision, and (c) causing the Company to issue a false and misleading Preliminary Proxy.
Prior to the election of directors at the 2017 Annual Meeting, the Board can avoid incurring any of the Proxy Penalties under the Plans by approving the Marcato Nominees as “Continuing Directors.” Likewise, the Board can disable the Change in Control Provision in the Credit Agreement by nominating the Marcato Nominees.
Some of the information may have been taken from external sources, and the Company is clearly in no way responsible for any information of this type, and the Company does not guarantee the degree of precision of this information.
Chief Executive Officer – Change in Control Provision In the event that there is a change of control (as such term is defined in the executive employment agreement), the CEO may give notice to terminate his employment with the Corporation within thirty days.