Definition of Covered Termination Following a Change in Control


Covered Termination Following a Change in Control means a Covered Termination which occurs on, or within three (3) months prior to, or twelve (12) months following, the effective date of a Change in Control.
Sample 1

Examples of Covered Termination Following a Change in Control in a sentence

Upon a Covered Termination or a Covered Termination Following a Change in Control, and subject to the limitations and conditions set forth in this Agreement, Executive shall be eligible to receive the following benefits.
If Executive is indebted to the Company on the effective date of a Covered Termination or Covered Termination Following a Change in Control, the Company reserves the right to offset any payments and benefits under this Agreement by the amount of such indebtedness.
If Executive revokes such Release within such subsequent seven (7) day period, no benefits shall be provided or payable under this Agreement pursuant to such Covered Termination or Covered Termination Following a Change in Control, as applicable.
It is further understood that if Executive is age 40 or older at the time of a Covered Termination or Covered Termination Following a Change in Control, as applicable, Executive may revoke the applicable Release within seven (7) calendar days after its execution.
Except as otherwise expressly provided herein, in the event of a Covered Termination Following a Change in Control, amounts that are vested benefits or that Executive is otherwise entitled to receive under any plan, policy, practice or program of the Company at or subsequent to the date of a Change in Control shall be payable in accordance with such plan, policy, practice or program.