CIC Termination definition

CIC Termination means a Qualifying Termination which occurs during the CIC Protection Period.

CIC Termination means termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason during the Change in Control Period, provided that, in either case, a Change in Control actually occurs.

CIC Termination means (a) a Termination for Good Reason or a Termination Without Cause for which (in either case) the Termination Date occurs prior to July 1, 2011 and during the Post-Change Period, or the Post-Significant Acquisition Period, or (b) an Imminent Control Change Termination occurring prior to July 1, 2011.

Examples of CIC Termination in a sentence

• To the extent that Section 409A of the Code applies and Participant is a specified employee for purposes of section 409A of the Code, payment shall occur the first day of the seventh month following the date of the Participant’s termination of employment (rather than within ten (10) days of Participant’s Qualified CIC Termination).

• Notwithstanding anything to the contrary herein, if there is a CIC Termination, then the provisions of this Section 7 shall apply.

• A single, lump sum payment equal to 100% of the Executive’s target annual bonus as in effect for the fiscal year in which the Qualifying CIC Termination occurs, less applicable withholdings.

• The Non-CIC Termination Compensation and the CIC Termination Compensation shall, as applicable and in each case, be subject to the terms, conditions and restrictions set forth below in Section 5(c)(ii).

• If Executive terminates the employment relationship for Good Reason (defined below), Executive will be entitled to the Accrued Obligations and the Non-CIC Termination Compensation or CIC Termination Compensation, as applicable and described below, subject to the terms, conditions and restrictions set forth in Section 5(c)(ii).

More Definitions of CIC Termination

CIC Termination means an Involuntary Termination that occurs upon or within 12 months following the date of the Covered Transaction.

CIC Termination means a Qualifying Termination that occurs within the period commencing three months prior to and ending one year following the date on which a Change in Control is consummated.

CIC Termination means a Qualifying Termination that occurs during the CIC Protection Period.

CIC Termination means a Qualifying Termination which occurs on or within the 12-month period following the consummation of a Change in Control that constitutes a “change in control event” for purposes of Code Section 409A.

CIC Termination means an Involuntary Termination that occurs within the Change in Control Period.

CIC Termination means a Qualifying Termination which occurs on the date of, or during the twelve (12) month period immediately following, a Change in Control.

CIC Termination shall have the meaning set forth in Section 3(c) of this Agreement.