Examples of CIC Date in a sentence
The Rabbi Trust shall expressly provide that after the CIC Date occurs, the Rabbi Trust may be amended or revoked only with the prior written consent of the Executive.
Section 1.409A-1(b)(5)(v)(D) and that preserves the aggregate intrinsic value in the Option immediately prior to the CIC Date (as defined below).
If the Executive is employed by the Company immediately prior to the first date during the Agreement Term on which a Change in Control occurs (the "CIC Date"), then the Executive's employment during the two-year period beginning on the CIC Date and ending on the second anniversary of such date (the "Post-CIC Period") shall be subject to all the terms and conditions of this Agreement, including, without limitation, the termination events described in Section 3 below.
If the Executive's employment is terminated for any reason before the CIC Date, the Executive shall have no further rights under this Agreement, except as provided in Section 5.
Any material reduction in the aggregate value of the Executive’s annual base salary, short-term cash bonus target amount, long-term incentive plan target amount, and Company-provided welfare benefits, all as in effect immediately prior to the CIC Date, , or any failure by the Company to pay any such amount to the Executive as earned by the Executive.