Control Company definition

Control Company means the Participating Company whose stock is subject to the Option. An "Ownership Change" shall be deemed to have occurred in the event any of the following occurs with respect to the Control Company:

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Control Company means the Participating Company whose stock is subject to this Option.

Control Company means the Participating Company whose stock is subject to the Option. As used herein, “Participating Company” shall mean (x) the Company and (y) any present or future parent and/or subsidiary corporation of the Company while such corporation is a parent or subsidiary of the Company. For purposes of this Option Agreement, a parent corporation and a subsidiary corporation shall be as defined in sections 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”).

Examples of Control Company in a sentence

• No 8 Approved brand of anti-termite soil poison applied by a Registered Pest Control Company and guaranteed against termite infestation for ten years: 7 Treat filling under concrete floor with 'Chlordane Heptachlor Aldrin' or equal approved.

• No 11 Approved brand of anti-termite soil poison applied by a Registered Pest Control Company and guaranteed against termite infestation for ten years: 7 Treat filling under concrete floor with 'Chlordane Heptachlor Aldrin' or equal approved.

• If, following a Change in Control, Company or the Successor Employer adopts substitute Indemnity Agreements, and/or D & O coverage, for employees having substantially the same authority, duties, and responsibilities as Employee, then Employee shall be entitled to receive the benefit of such protection with respect to claims arising from acts or omissions of Employee following a Change in Control.

• If Executive’s employment is terminated either by Company for Cause, or voluntarily by Executive (other than for Good Reason) following a Change in Control, Company shall pay Executive his full Base Salary and accrued vacation through the Termination Date, at the rate then in effect, plus all other amounts to which such Executive is entitled under any compensation plans of Company, at the time such payments are due, and Company shall have no further obligations to such Executive under this Agreement.

• In the event of a Change of Control of the Company, as defined in subparagraph (d) below, while Executive is employed under this Agreement, and in consideration for his remaining in the employment of the Company for one year following the date of the Change of Control, Company shall pay to Executive a bonus equal to two (2) times Executives' then current base salary.

• If the firm so engaged by Company is serving as accountant or auditor for the individual, entity or group effecting the Change in Control, Company will appoint a nationally recognized independent professional firm to make the determinations required hereunder.

• The Company must deliver a copy of the Change of Control Company Notice to the Trustee and cause a copy of such notice to be published in a newspaper of general circulation in the Borough of Manhattan, The City of New York.

• In the event of a Change in Control, Company will pay Executive a gross-up payment to cover the excise tax, if any, imposed under Section 4999 of the Internal Revenue Code in connection with excess parachute payments as defined in Section 280G of the Internal Revenue Code.

• At any time before a Change of Control, Company may terminate Employee’s employment without Cause, by giving written notice of termination.

• If the employment is terminated prior to the Change of Control, Company will inform Executive in writing of any Change of Control occurring within six (6) months of such termination, and will offer to Executive any of Executive’s Stock Awards that had not vested at the time of termination.

More Definitions of Control Company

Control Company means the Participating Company whose stock is subject to the Option. An

Control Company means the Participating Company whose stock is subject to this Option. Except as provided in an applicable Executive Severance Plan, Management Retention Agreement or other formal written employment contract between the Optionee and the Company, in the event of a Transfer of Control, the Board, in its sole discretion, shall either (i) provide that any unexercised portion of the Option shall be fully exercisable and fully vested as of a date prior to the Transfer of Control, as the Board so determines, or (ii) arrange with the surviving, continuing, successor, or purchasing corporation, as the case may be, that such corporation assume the Company’s right and obligations under this Option Agreement either by assuming the Option or by granting an equivalent substituted option by the successor corporation or a Parent or Subsidiary of the successor corporation. The Option shall terminate as of the date of the Transfer of Control to the extent that the Option is neither exercised as of the date of the Transfer of Control, nor assumed by the surviving continuing, successor or purchasing corporation, as the case may be. Subject to the terms and conditions of the Plan, in the event that there is a conflict between this Option Agreement and any applicable, (i) Executive Severance Plan, (ii) formal written management retention agreement, or (iii) formal written employment agreement; the applicable severance plan, management retention agreement or employment agreement shall govern.

Control Company means the corporation, the stock of which is held by the Participant pursuant to the terms of this Agreement.