Move Electronically Signing Change In Control Agreement For Free

The change of control happens when an individual or entity currently in power decides to retire and wishes to transfer certain rights to another individual or entity willing to take up the responsibility. The rights transferred are mostly related to consent, termination, payment, etc.

(c) ?Change of Control? means: (i) a sale of all or substantially all of the assets of the Company; (ii) the acquisition of more than 50% of the voting power of the outstanding securities of the Company by another entity by means of any transaction or series of related transactions (including, without limitation, ...

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.

There exists no standard definition of change of control but it does include the following transactions: A transfer of shares of the company; A complete sale of all or a substantial portion of assets of the company; Mergers and Acquisitions.

A change of control is a change in a company's ownership or management that results in the decision-making capacity of that entity being exercised by a different group of shareholders and/or directors.

Change of Control Payments means any payment (including any benefit or transfer of property) in the nature of compensation, to or for the benefit of the Executive under any arrangement which is partially or entirely contingent on a Change of Control, or is deemed to be contingent on a change of control or ownership of ...

Change of control terms don't address assignment. They say whether a party can terminate if the other party goes through a merger or other change of control. And they sometimes address other change of control consequences. Don't confuse the two.

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.