Acquisition of Controlling Interest. Any person (other than persons who are employed by Kratos or its affiliates at any time more than one year before a transaction) (“Buyer”) becomes the “beneficial owner” within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, directly or indirectly, of Kratos securities representing 50% or more of the combined voting power of Kratos’ then-outstanding securities, but only to the extent that such ownership constitutes a “change in the ownership” of Kratos within the meaning of U.S. Treasury Regulation Section 1.409A-3(i)(5)(v).
Appears in 6 contracts
Samples: Severance and Change of Control Agreement (Kratos Defense & Security Solutions, Inc.), Employment Agreement (Kratos Defense & Security Solutions, Inc.), Employment Agreement (Kratos Defense & Security Solutions, Inc.)
Acquisition of Controlling Interest. Any person (other than persons who are employed by Kratos the Company or its affiliates at any time more than one year before a transaction) (“Buyer”) becomes the “beneficial owner” within the meaning of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, directly or indirectly, of Kratos securities representing 50% or more of the combined voting power of Kratos’ then-outstanding securities, but only to the extent that such ownership constitutes a “change in the ownership” of Kratos within the meaning of U.S. Treasury Regulation Section 1.409A-3(i)(5)(v).
Appears in 1 contract
Samples: Employment Agreement (Kratos Defense & Security Solutions, Inc.)
