Examples of Change of Control Agreement in a sentence
The payments do not include any form of tax gross-up amount because the Change of Control Agreement does not provide for such payments.
Change of Control Agreement dated April 17, 2001 between the Company and Robert E.
Moore and Mokari is referred to as the Executive in the context of his respective Change of Control Agreement in the discussion below.
Moore For Cause Termination Terminationby Executive by Company InvoluntaryOther Than Other Than TerminationRetirement, Retirement, Following aDeath or Death or Change inBenefit Retirement Death Disability Disability Disability Control (1) Amount represents cash payment due pursuant to the change of control double trigger (change of control and involuntary termination) in the executive's Change of Control Agreement.
The Change of Control Agreement with Mr. Kim calls for a payment of $5 million upon a change of control; the agreement with Mr. Lee calls for a payment of $2 million upon a change of control; and the agreement with Mr. Won was for two years and called for a payment of $1 million upon a change of control.The Board of Directors has approved extension of the Change of Control Agreements with Mr. Kim and Mr. Lee through September 21, 2017.