Examples of Change of Control Agreements in a sentence
If after the Closing the Banner Companies incur any liability under any of the Change of Control Agreements (excluding for the avoidance of doubt, any stay bonuses owing pursuant to the Change of Control Agreements), Buyer and Seller will share such liability in the manner specified in Section 7.21 of the Disclosure Letter.
The award agreements for the performance-based restricted stock units granted to named executive officers in fiscal year 2009 provide for the acceleration of vesting of the PRSUs under the same circumstances and conditions as under the Change of Control Agreements, namely, if the named executive officer is subject to an involuntary termination within 12 months after a change of control because his or her employment is terminated without cause or the executive resigns for good reason.
Prior to the Closing, Seller shall terminate any agreements between Seller and its current or former employees, officers or directors that provide for any change of control or severance payments or commitment of employment or payments in the future (the ''Change of Control Agreements") and will pay all amounts due under such agreements.