Common use of Change in Control of the Company Defined Clause in Contracts

Change in Control of the Company Defined. The term “Change in Control of the Company” shall mean (i) the approval by the shareholders of the Company 's Parent of a reorganization, merger, consolidation or other form of corporate transaction or series of transactions, in each case, with respect to which persons who were the shareholders of the Company immediately prior to such reorganization, merger or consolidation or other transaction do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated company's then outstanding voting securities, or (ii) the sale of all or substantially all of the assets of the Company or (iii) the liquidation of the Company or its Parent , or (iii) a change in the composition of the Board of Directors such that the present members do not constitute a majority of the Board of Directors.

Change in Control of the Company Defined. The term “"Change in Control of the Company” " shall mean (i) the approval by the shareholders of the Company 's Parent of a reorganization, merger, consolidation or other form of corporate transaction or series of transactions, in each case, with respect to which persons who were the shareholders of the Company immediately prior to such reorganization, merger or consolidation or other transaction do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated company's then outstanding voting securities, or (ii) the sale of all or substantially all of the assets of the Company or (iii) the liquidation of the Company or its Parent Company, or (iii) a change in the composition of the Board of Directors such that the present members do not constitute a majority of the Board of Directors.

Change in Control of the Company Defined. The term “Change in Control of the Company” shall mean (i) the approval by the shareholders of the Company 's ‘s Parent of a reorganization, merger, consolidation or other form of corporate transaction or series of transactions, in each case, with respect to which persons who were the shareholders of the Company immediately prior to such reorganization, merger or consolidation or other transaction do not, immediately thereafter, own more than 50% of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged or consolidated company's ’s then outstanding voting securities, or (ii) the sale of all or substantially all of the assets of the Company or (iii) the liquidation of the Company or its Parent , or (iiiiv) a change in the composition of the Board of Directors such that the present members do not constitute a majority of the Board of Directors.