Definition of Potential Change in Control Protection Period


Potential Change in Control Protection Period means the period beginning upon the occurrence of a Potential Change in Control and ending upon the earliest to occur of (i) the consummation of the Change in Control or (ii) the abandonment of the transaction or series of transactions that constitute a Potential Change in Control (as determined by the Committee in its sole discretion).

Examples of Potential Change in Control Protection Period in a sentence

This Article 5 shall not become effective, and the Company shall have no obligation hereunder, unless the employment of the Executive with the Company shall terminate for the reasons provided in this Article 5 during a Potential Change in Control Protection Period or within the period ending twenty-four (24) calendar months after a Change in Control.
During the Employment Period, other than during a Potential Change in Control Protection Period or within the period ending twenty-four (24) calendar months immediately following a Change in Control as specified in Article 5 below, the Company may terminate the Executives employment for reasons other than Cause, by notifying the Executive in writing of the Companys intent to terminate with the effective date of termination specified by the Company in the written notice.
During the Employment Period, other than during a Potential Change in Control Protection Period or within the period ending twenty-four (24) calendar months immediately following a Change in Control (as such terms are defined in Article 5.2 below), the Company may terminate the Executives employment for any reason other than Cause, by notifying the Executive in writing of the Companys intent to terminate with the effective date of termination specified by the Company in the written notice.
This Article 5 shall not become effective, and the Company shall have no obligation hereunder, unless the employment of the Executive with the Company shall terminate for any of the reasons provided in this Article 5 during a Potential Change in Control Protection Period (as defined below) or within the period beginning on the date of a Change in Control (as defined below) and ending on the second anniversary thereof.
This Article 5 shall not become effective, and the Company shall have no obligation hereunder, unless the employment of the Executive with the Company shall terminate for any of the reasons provided in this Article 5 during a Potential Change in Control Protection Period or within the period beginning on the date of a Change in Control and ending on the second anniversary of that date.