Definition: Change in Control Provision

Term: Change in Control Provision

Definition:A clause within a contractual document making provisions for conditions that must be satisfied in the case of a change of control. The change of control does not necessarily have to be a complete change of ownership. It may only be a percentage of the company that changes hands.

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Course	Page Number
26 - Compensation Committees: Framework for Executive Compensation Alignment	15

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Change in Control Provision