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Terms for subject General containing управление изменениями | all forms
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изменение структуры управленияchange of control (a change in the majority ownership of a company. ⃝ In commercial contracts, a change of control clause will often give the party who is not subject to a change in ownership the right to terminate the agreement in the event of a change of control of the other party. ⃝ In employment contracts, a change of control clause entitles the employee to a specified payment or enhanced notice period if their employer is taken over and the takeover results in dismissal by their employer or a material reduction in the employee's responsibilities leading to constructive dismissal within a specified time. TED: The change of control occurs when a new shareholder majority is formed. The change of control clause gives the party the right to terminate the agreement. The section only applies if the company undergoes a change of control. The judge held that there had been a change of control for the purposes of the agreement. There shall be deemed to be a change of control of the company if ...TED Alexander Demidov)