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Change in Control Agreement

November 23, 2011 by agri in General agreements with 0 Comments
The change in control agreement contract is made between two parties, one of whom is the Company while the other is the senior executive in the company. The change in control agreement contract recognizes the possibility or probability of a change of control and amendments are made in the control agreement accordingly.

You can Download the Free Change in Control Agreement customize it according to your needs and Print. Change in Control Agreement is either in MS Word, Excel or in PDF.

Sample change in control agreement

Change in Control Agreement

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This agreement is made between Company and Senior Executive on the effective date of 13th November, 2011.

Company represented by

Mr. Wilson Jones

Address: 203 Alpha Street, Philipsburg MT 59858

Contact number: (406) 859-3631

Senior Executive represented by:

Mr. David Moore

Address: 237 Joliet Road, Columbus MT 59019

Contact number: (406) 578-0488

Terms and Conditions:

  • This Change in Control Agreement will be active from the date thirteenth November, year 2011 and will continue to be in effect until the said executive’s Separation from the Service or Company within twelve months from the date of commencement of Change of Control.
  • The company at any given time posts the enforcement of Change in Control Agreement and prior to the end of the Protection Period of the executive in question can transfer the executive’s primary site of work without any written consent from the executive on the date of amendment in the Change in Control Agreement.
  • The Change in Control Agreement plan shall be enforced or administered by the Human Resources Team of the company and will be assisted by the Compensation Committee of the Board, provided, that none of the members of the Committee is a participant in the change in control plan.
  • Change in Control Agreement cannot be enforced if the executive in question becomes the beneficial owner of more than 15% of the Voting Stock of the Corporation or Company.

IN WITNESS WHEREOF, the parties “Company” and “Senior Executive” have executed this Capital Accumulation Plan as on the date set forth which is 11/13/2011 (MM/DD/YY).

SIGNED FOR AND ON BEHALF OF COMPANY BY:

…………………………………………………………….

Name:

SIGNED FOR AND ON BEHALF OF SENIOR EXECUTIVE BY:

…………………………………………………………….

Name:


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