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This document outlines the terms and conditions under which Comcast Cablevision of Lompoc, LLC and AT&T Comcast Corporation seek approval for a change of control pertaining to their cable franchise

How to fill out change of control agreement

How to fill out CHANGE OF CONTROL AGREEMENT

1. Begin by identifying the parties involved in the agreement, including the acquiring company and the target company.
2. Clearly define the terms of the change of control, including what constitutes a change of control.
3. Specify the effective date of the agreement.
4. Outline the rights and obligations of each party upon the change of control.
5. Include any necessary provisions related to employee agreements, stock options, and benefits.
6. Detail the financial considerations, such as payment terms, bonuses, or severance pay.
7. Add confidentiality clauses, if necessary, to protect sensitive information.
8. Review the agreement for compliance with applicable laws and regulations.
9. Have all parties sign the agreement to make it legally binding.

Who needs CHANGE OF CONTROL AGREEMENT?

1. Companies undergoing mergers or acquisitions.
2. Investors looking to protect their rights during a change of control.
3. Executives and employees affected by changes in ownership or structure.
4. Legal teams and advisors involved in corporate transactions.

People Also Ask about

What does change of control mean in a contract?

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 a change control process?

Change control is the process through which all requests to change the approved baseline of a project, programme or portfolio are captured, evaluated and then approved, rejected or deferred.

What is a control agreement?

A control agreement is a type of collateral agreement that is entered by a debtor to secure obligations under a loan agreement. In a control agreement, the debtor, secured party, and the account maintainer (usually a bank) agree to allow the secured party to have security interest in the debtors account.

What is a change of control agreement?

Also known as change of control. A provision in an agreement giving a party certain rights (such as consent, payment or termination) in connection with a change in ownership or management of the other party to the agreement.

What is an example of a change in 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.

What is a change control agreement?

Change in control agreements are contracts that outline pay and benefits an executive will receive in the event of a change in company ownership. They are also sometimes known as “golden parachutes,” as they provide protection for executives if they are forced out after a company takeover.

What does control of agreement mean?

Control Agreement means an authenticated record in form and substance reasonably satisfactory to the Lender, that provides for the Lender to have “control” (as defined in the UCC) over certain Collateral.

What is a CIC agreement?

The Basics. What are change-‐in-‐control arrangements? Executive change-in-control arrangements generally refer to any severance, payments or special benefits that are provided to an individual in connection with a change in control (CIC) of the company.

For pdfFiller’s FAQs

What is CHANGE OF CONTROL AGREEMENT?

A Change of Control Agreement is a contract that outlines the rights and obligations of parties involved in a business transaction, typically triggered by a significant change in ownership or control of a company.

Who is required to file CHANGE OF CONTROL AGREEMENT?

Typically, the entities involved in the transaction, including the company undergoing the change and any parties receiving rights or obligations under the agreement, are required to file a Change of Control Agreement.

How to fill out CHANGE OF CONTROL AGREEMENT?

To fill out a Change of Control Agreement, follow these steps: provide the names and details of the parties involved, specify the terms of the control change, outline any rights and obligations, and include signatures of authorized representatives.

What is the purpose of CHANGE OF CONTROL AGREEMENT?

The purpose of a Change of Control Agreement is to protect the interests of parties affected by a change in ownership, ensuring that rights and obligations are clearly defined and that there is a framework for handling the transition.

What information must be reported on CHANGE OF CONTROL AGREEMENT?

Information that must be reported includes the identities of the parties, the nature of the control change, financial implications, provisions for prior agreements, and any necessary legal disclaimers.