Work in field in the Change in Control Agreement

Aug 6th, 2022
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  3. As soon as opened, you can start applying tweaks utilizing features in the top and right-hand tabs. In these tabs, you can find the possibility to work in field in your Change in Control Agreement.
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A contractual provision which gives a party to an agreement enhanced protection if the controlling shareholding of the other party is transferred.
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.
Change of Control means the Company is a party to a transaction in which it is sold to, merged, consolidated, reorganized into or with, or its assets are transferred or sold to another entity, after which the holders of voting securities of the Company immediately prior to such transaction, including voting
In the event of a Change of Control of [Party A], [Party B] shall have the right to terminate this Agreement by giving written notice within 30 days of becoming aware of the Change of Control. Such termination shall take effect 30 days from the date of notice.
In employment contracts, a change of control clause entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employees responsibilities leading to constructive dismissal within a
Change of control occurs when a company is taken over by another. When a takeover, whether friendly or hostile, is completed, the board or majority of the board is elected by the new owner.
Change of Control means any event, transaction or occurrence as a result of which (a) the equity owners of Borrower on the date hereof shall cease to own and control, directly orindirectly, at least fifty percent (50%) of the economic or voting rights of the outstanding Capital Stock of Borrower on a fully-diluted

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