Change of Control Plan definition

Change of Control Plan means the Company’s change of control and severance plan, including the Amgen Inc. Change of Control Severance Plan, as amended and restated, effective as of December 9, 2010 (and any subsequent amendments thereto), or equivalent plan governing the provision of benefits to eligible employees upon the occurrence of a Change of Control (including resulting from a termination of employment that occurs within a specified time period following a Change of Control), as in effect immediately prior to a Change of Control; and

Change of Control Plan means the Lincoln National Corporation Executives’ Severance Benefit Plan. 

Change of Control Plan means the Exar Corporation Executive Officers’ Change of Control Severance Benefit Plan, adopted effective as of June 24, 1999 by the Company for the benefit of certain of its eligible executive employees.

Examples of Change of Control Plan in a sentence

• The Change of Control Plan calls for severance benefits in the event of a change of control and a qualified termination.

• The Change of Control Plan was amended in 2009 to eliminate reimbursement and gross-up payments in connection with any excise taxes that may be imposed on benefits received by any officers who first become designated as entitled to receive benefits under the Change of Control Plan on or after October 1, 2009.

• The foregoing terms are equivalent to the terms offered to each executive officer pursuant to the 2006 Change of Control Plan described above.

• The purpose of the Change of Control Plan is intended to keep participants in the plan neutral to the possibility of change of control transactions, thereby reducing the risk that a participant’s actions would not be in the best interests of the Company and its Shareholders.

• The Change of Control Plan also includes, for all executives, non-disclosure covenants that do not expire, certain trade secret protections, two year non-solicitation covenants andnon-disparagement covenants that do not expire.

More Definitions of Change of Control Plan

Change of Control Plan means the Brighthouse Services, LLC Change of Control Severance Pay Plan, as in effect and as may be amended from time to time.

Change of Control Plan means the Company's change of control and severance plan, including the Amgen Inc. Change of Control Severance Plan, as amended and restated, effective as of December 9, 2010 (and any subsequent amendments thereto), or any equivalent plan governing the provision of benefits to eligible employees upon the occurrence of a Change of Control (including resulting from a termination of employment that occurs within a specified time period following a Change of Control), as in effect immediately prior to a Change of Control; and

Change of Control Plan means the Company’s Change of Control Plan for Senior Management, dated as of February 3, 2001.

Change of Control Plan means Target's Change of Control Plan dated November 20, 1997, as in effect on the date hereof.

Change of Control Plan means the Lincoln National Corporation Executive Severance Benefit Plan.

Change of Control Plan means a plan or agreement (or portion thereof) listed on Section 6.01(d)(A) of the Disclosure Schedule or any similar plan or agreement in existence immediately prior to the Closing which is not a Severance Plan and pursuant to which an employee of any Company becomes entitled to receive payments from any of the Companies solely as a result of the transactions contemplated by this Agreement and, to the extent applicable, the satisfaction of any post-Closing service requirements that may be imposed under such plan or agreement. For purposes of this Agreement, the term “Severance Plan” means a plan or agreement providing for severance or similar termination payments or benefits that become payable by any Company only upon a termination of employment (including, without limitation, any severance or similar termination payments or benefits pursuant to the plans and agreements (or portions thereof) set forth in Section 6.01(d)(B)) of the Disclosure Schedule. For the avoidance of doubt, to the extent that the amount of any Change of Control Payment actually paid by any Company to an employee is reduced by any applicable withholding or employment taxes, such Company shall be deemed to have paid the gross amount of such Change of Control Payment for purposes of this Section 6.01(d).

Change of Control Plan means the Change of Control Bonus Plan of the Company.