Revise sentence in the Change in Control Agreement

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Import your file using any method you like. DocHub provides you with several options to choose the document you want to edit. For instance, you can import your Change in Control Agreement via an external URL, choose an attachment from your Gmail correspondence, or select another regular upload option from your device or the cloud.
Start adjusting your document. As soon as you’ve opened the editor, use our upper toolbar to make any essential modifications. Here, you can find quick tools for typing text, placing images, adding icons and lines, etc. You can leave remarks on any updates made.
Make your paperwork fillable.Turn your Change in Control Agreement into a fillable form in less than a minute. Click on Manage Fields to open our side toolbar and start placing fields for text, paragraphs, checkboxes, and dropdowns.
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How to Revise sentence in the Change in Control Agreement

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so tell me a little bit about you know changing control Provisionals you know first of all whats the difference between single trigger and double trigger and change control so a single trigger change of control is when theres a basically an exit in effect you know whether its an asset purchase a stock purchase but a defined situation when usually a companys acquired okay and a single trigger means that upon the happening of that event the executive basically gets to parachute out yeah okay I havent seen a single trigger change of control provision a lot time as you can imagine there disfavored because it may be that the new company coming in making the acquisition actually wants the management team to stasher so so it becomes almost a disincentive so thats becoming unusual double trigger is when theres this transaction or exit yeah and within a certain defined period of time the executive is terminated yeah okay and at that point the executive gets to in effect parachute out rig

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What triggers a change of control provision?

For example, a change of control may be triggered by a sale of more than 50% of a partys stock, a sale of substantially all the assets of a party or a change in most of the board members of a party. For a standard change of control clause, see Standard Clause, Loan Agreement: Change of Control Event of Default.

Why include a change of control clause?

It is common for creditor agreements to include a change of control clause to protect the lender in case the company comes under new ownership. Such clauses may stipulate that the lender can demand to be repaid in full upon triggering of the clause by a change in company ownership.

What is a change of control bonus agreement?

Change in Control Bonus Plan for Executive Officers is to provide cash bonus payments to certain executive officers of the Company upon a Change in Control of the Company.

What does change of control mean in an agreement?

Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a change of control clause.

What is the purpose of a change of control clause?

Parties normally seek to include provisions in an agreement that allow for either termination or an adjustment of their rights, such as payment, upon a change of structure or ownership of the other party. This is known as a change of control clause.

What does change of control mean for a public company?

A change of control is a change in a companys ownership or management that results in the decision-making capacity of that entity being exercised by a different group of shareholders and/or directors.

What is a change in control for an LLC?

(5) The term change in control means (A) for a corporation, the sale or transfer of a controlling interest in the corporation; (B) for a partnership or limited liability company, the sale or transfer of a controlling interest in the partnership or limited liability company; and (C) for an individual, the sale or

What is an example change of control clause?

Change of Control Clause: Example The Customer shall have the right, without prejudice to its other rights or remedies, to terminate this Agreement by 3 months written notice to the Supplier, if there is a Change of Control of the Supplier.

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