WebCopy. Change of Control Provisions. (a) For purposes of this Letter Agreement, a "Change in Control" of the Company shall mean a change in control of a nature that … WebExhibit 10.2 . Form Document. CHANGE IN CONTROL AGREEMENT . THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) is entered into effective as of , 2010 (the “Effective Date”), by and between MetroPCS Communications, Inc., a Delaware corporation (the “Company”) and (the “Employee”). W I T N E S S E T H:

What is a Change of Control? - Definition from Divestopedia

WebChange-of-control provisions are a standard component in debt agreements. This is especially true in non-investment-grade credits, such as leveraged loans, high yield bonds, and private mezzanine debt. These provisions are generally designed to protect lenders in the event that the control of the borrower changes hands due to changes in share ... WebA change of control agreement may be included in the employment contract of a senior employee from the outset. Often, however, it is only when faced with the prospect of an actual change of control that an employer will draft a new contract of employment to address this uncertainty. Whether created proactively or reactively, a well-drafted ... ridiculous dating works

CHANGE IN CONTROL PROVISION Definition & Legal Meaning

WebDec 21, 2024 · The Change in Control provision terminates coverage when there is a change in majority interest in the insured company. At the point of a transaction, the policy terminates and is known to be “put into run-off ”. The premium for the now terminated policy is fully earned, whether it’s been fully paid or not. Meaning there is no refund for ... WebMar 29, 2024 · Ultimately, change of control provisions are a mechanism for parties to protect themselves from unwanted but foreseeable future changes to a counterparty. To … WebNov 9, 2015 · The change of control, or acquisition, of an entity is defined as: Any change in the entity ownership occurring when any person or company, directly or indirectly, becomes the beneficial owner of voting equity shares of the entity (to the extent of more than 50 percent of the voting shares) or the rights to acquire such shares; Any direct or ... ridiculous days indianola iowa