Change in the Effective Control of the Company. A change in the effective control of the Company shall be deemed to occur on the date a majority of the members of the Company’s board of directors is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors before the date of the appointment or election.
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Samples: Supplemental Compensation Agreement (BayCom Corp), Supplemental Compensation Agreement (BayCom Corp)
Change in the Effective Control of the Company. A change in the effective control of the Company shall be deemed to occur on the date a majority of the members of the Company’s board of directors is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors before the date of the appointment or election.
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Change in the Effective Control of the Company. A change in the effective control of the Company shall be deemed to occur on the date a majority of the members of the Company’s board of directors is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors before the date of the appointment or election..
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