Examples of Change of Control Benefit in a sentence
The Company shall pay any Change of Control Benefit payable as provided in this Section 7 in a lump sum upon the Executive's Termination of Employment.
Upon a termination after a Change of Control as provided in Section 7(a), the Executive will receive a Change of Control Benefit equal to the greater of (i) two (2) times the Executive's Base Annual Compensation as defined in Section 7(c) at the date of the Change of Control assuming the individual is in good employment or (ii) the amount payable to the Executive as provided in Section 5(c).
The Change of Control Benefit shall be paid to the Executive for fifteen (15) years.
The benefits could have been maximized if these two projects been integrated, especially where they overlapped.(ii) Innovative channels.
In the event any Change of Control Benefit, as defined below, payable to Executive would constitute an “excess parachute payment” as defined in Code Section 280G, Executive shall receive a “tax gross-up” payment sufficient to pay the initial excise tax applicable to such excess parachute payment (but excluding the income and excise taxes, if any, applicable to the tax gross-up payment).