Common use of Change in Control Events Clause in Contracts

Change in Control Events. For purposes of this Agreement, "Change in Control" shall be defined as: (1) the adoption of a plan of merger or consolidation of the Company with any other corporation as a result of which the holders of the outstanding voting stock of the Company as a group would receive less than fifty percent (50%) of the voting stock of the surviving or resulting corporation; (2) the adoption of a plan of liquidation or the approval of the dissolution of the Company; or (3) the sale or transfer of substantially all of the assets of the Company.