Effective Date Definition Example

Effective Date. Shall mean the first date during the Change of Control Period (as defined in Section l(b)) on which a Change of Control (as defined in Section 2) occurs. Anything in this Agreement to the contrary notwithstanding, if Executive's employment with the Company has been terminated either by the Company without Cause or by Executive for Good Reason (as such terms are defined in Section 5), and if it is reasonably demonstrated by Executive that such termination of employment (i) was at the request of... a third party who has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or anticipation of a Change of Control, then for all purposes of this Agreement the "Effective Date" shall mean the date immediately prior to the date of such termination of employment. View More