Change in Control Definition. For purposes of this Agreement, “Change in Control” shall mean a Change in the Actual Control of the Company, as described in Section 7.11(a)(i), a Change in Effective Control, as described in Section 7.11(a)(ii), and a Change in the Ownership of the Company’s Assets, as described in Section 7.11(a)(iii).
Appears in 8 contracts
Samples: Employment Agreement (Texas Regional Bancshares Inc), Employment Agreement (Texas Regional Bancshares Inc), Employment Agreement (Texas Regional Bancshares Inc)
Change in Control Definition. For purposes of this Agreement, “A Change in Control” Control shall mean a Change the occurrence of any of the following: (i) any person (as defined in Section 3(a)(9) of the Actual Control Securities Exchange Act of 1934, as amended (the "Exchange Act") and as used in Sections 13(d) and 14(d) thereof), excluding the Company, any Affiliates (as hereinafter defined) of the Company, or any employee benefit plan sponsored or maintained by the Company or its Affiliates (including any trustee of any such plan acting in his capacity as described in Section 7.11(a)(itrustee), a Change in Effective Control, as described in Section 7.11(a)(ii), and a Change in becoming the Ownership of the Company’s Assets, as described in Section 7.11(a)(iii)."beneficial owner" (as
Appears in 2 contracts
Samples: Change in Control Agreement (Microwave Power Devices Inc), Change in Control Agreement (Microwave Power Devices Inc)