CIC Qualifying Termination Definition Example with 4 Variations

This page contains an example definition of CIC Qualifying Termination, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
CIC Qualifying Termination. Means a Separation within twelve (12) months following a Change in Control or within three (3) months preceding a Change in Control (if after a Potential Change in Control) resulting from (A) the Company or its successor terminating the Executive's employment for any reason other than Cause or (B) the Executive voluntarily resigning his or her employment for Good Reason. A termination or resignation due to the Executive's death or Disability shall not constitute a CIC Qualifying Termination. A... "Potential Change in Control" means the date of execution of a definitive agreement whereby the Company will consummate a Change in Control if such transaction is consummated. In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed to be the date the Change in Control is consummated. View More
Found in Loxo Oncology, Inc. contract

Variations

CIC Qualifying Termination. Means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (if (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting resulting, in either case (A) or (B), from (A) (i) the Company or its successor terminating the Executive's employment for any reason other than Cause or (B) (ii) the Executive voluntarily resigning his or her employment for Good Reason. A termination or... resignation due to the Executive's death or Disability disability shall not constitute a CIC Qualifying Termination. A "Potential Change in Control" means the date of execution of a legally binding and definitive agreement whereby for a corporate transaction which, if consummated, would constitute the Company will consummate a applicable Change in Control if such transaction is consummated. (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed to be the date the Change in Control is consummated. View More
Found in Bill.com Holdings, Inc. contract
CIC Qualifying Termination. Means a Separation within twelve (12) Separation, during the period beginning three (3) months following prior to a Change in Control or within three (3) months preceding or, if earlier, upon the execution of a definitive agreement to effect a Change in Control (if after Control, and ending eighteen (18) months following the consummation of a Potential Change in Control) Control, resulting from (A) (i) the Company or its successor terminating the Executive's employment for any reason other than... Cause or (B) (ii) the Executive voluntarily resigning his or her employment for Good Reason. A termination or resignation due to the Executive's death or Disability disability shall not constitute a CIC Qualifying Termination. A "Potential Change in Control" means the date of execution of a definitive agreement whereby the Company will consummate a Change in Control if such transaction is consummated. In the case of a termination following a Potential Change in Control and before CIC Qualifying Termination prior to a Change in Control, then solely for purposes of benefits under this Agreement, Agreement the date of Separation will be deemed to be the date the Change in Control is consummated. consummated View More
Found in PROOFPOINT INC contract
CIC Qualifying Termination. Means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (if (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting resulting, in either case (A) or (B), from (A) (i) the Company or its successor terminating the Executive's employment for any reason other than Cause or (B) (ii) the Executive voluntarily resigning his or her employment for Good Reason. A termination or... resignation due to the Executive's death or Disability disability shall not constitute a CIC Qualifying Termination. A "Potential Change in Control" means the date of execution of a legally binding and definitive agreement whereby for a corporate transaction which, if consummated, would constitute the Company will consummate a applicable Change in Control if such transaction is consummated. (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed to be the date the Change in Control is consummated. View More
Found in Upwork Inc. contract
CIC Qualifying Termination. Means a Separation (A) upon or within twelve (12) months following a Change in Control Control, or (B) within three (3) months preceding a Change in Control (if after a Potential Change resulting, in Control) resulting either case (A) or (B), from (A) (i) the Company or its successor terminating the Executive's employment for any reason other than Cause Cause, or (B) the (ii) Executive voluntarily resigning his or her employment for Good Reason. A termination or resignation due to the... Executive's death or Disability disability shall not constitute a CIC Qualifying Termination. A "Potential Change in Control" means the date of execution of a definitive agreement whereby the Company will consummate a Change in Control if such transaction is consummated. In the case of a termination following a Potential Change in Control and or resignation before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation Executive's CIC Qualifying Termination will be deemed to be the date the Change in Control is consummated. consummated View More
Found in JAWS Spitfire Acquisition Corp contract
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