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What is a change in control?
Change of Control means the sale of all or substantially all the assets of a Party; any merger, consolidation or acquisition of a Party with, by or into another corporation, entity or person; or any change in the ownership of more than fifty percent (50%) of the voting capital stock of a Party in one or more related
What is a change of control payment?
Change of Control Payments means any bonus, retention, termination, severance or other similar payment obligation of the Company, New co or any Sold Subsidiary as a result of the consummation of the transactions contemplated by this Agreement to any present or former director, officer, shareholder, employee, independent
What is a change in control severance agreement?
CHANGE OF CONTROL SEVERANCE AGREEMENT. This Change of Control Severance Agreement (the Agreement) is made and entered into by and between (Executive) and Bluer Corporation (the Company), effective as of (the Effective Date).
What is a change of control clause?
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. For information on change of control in employment contracts, see Change of control clause.
What constitutes a change in control?
A change of control provision is an agreement where a party has certain rights, such as payment, consent, or termination. A change of control provision is an agreement where a party has certain rights, such as payment, consent, or termination.
What happens to stock after IPO?
When a private company first sells shares of its stock to the public, private shares in the company become public shares. The conversion process from private to public shares is fairly straightforward. When private shares are sold on the day of the launch or after an IPO takes place, those private shares become public.
What is a change in law?
Change in Law means the occurrence, after the date of this Agreement (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in
What is an existing law?
existing law means any law, Ordinance, order, bye-law, rule or regulation passed or made before the commencement of this Constitution by any Legislature, authority or person having power to make such a law, Ordinance, order, bye-law, rule or regulation; Based on 5 documents 5.
Why is there a need for law reform?
Why do we need Law Reform? Law reform is the process by which the law is modified and shaped over time to better reflect the social values that society feels are important. The law cannot stand still. Law reform is essential if the law is to remain relevant to a changing society.
What is a provision in law?
A provision is a stipulation in a contract, legal document, or law. Often the stipulation requires action by a specific date or within a specified period of time. Provisions are intended to protect the interests of one or both parties in a contract.
What is an example of a provision?
noun. Provision is defined as a supply of something or to the act of providing a supply of something. An example of provision is food you take with you on a hike. An example of provision is when legal aid provides legal advice.
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