COC definition
Examples of COC in a sentence
The COC Benefits shall be subject to (a) forfeiture provisions in any other agreements between the Executive and the Company and (b) any recoupment, clawback or similar policy of the Company as it may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of previously paid compensation.
In addition, COC Benefits shall not be counted as “compensation,” or any equivalent term, for purposes of determining benefits under other agreements, plans, provisions, or practices owing to the Executive from the Company, except to the extent expressly provided therein.
Executive is party to that certain Weyerhaeuser Company Executive Change of Control Agreement dated as of [●] (the “COC Agreement”) and is eligible for COC Benefits under the COC Agreement on condition that Executive executes and does not revoke a non-competition and release agreement pursuant to the terms and conditions of the COC Agreement.
The Executive may designate one or more persons or entities as the primary or contingent Beneficiaries of any COC Benefits owing to the Executive under this Agreement.
The payment of COC Benefits is conditioned on the Executive’s timely execution, delivery and non-revocation of the Non-Competition and Release Agreement.