Change in Ownership of the Company. A change in the ownership of the Company which occurs on the date that any one person or group of affiliated persons acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing or a public offering of the Company that is approved by the Company’s Board, or the exercise of options, warrants or other convertible securities the issuance of which is approved by the Board, will not be considered a Change of Control; or
Appears in 4 contracts
Samples: Executive Employment Agreement (Ascent Solar Technologies, Inc.), Executive Employment Agreement (Ascent Solar Technologies, Inc.), Executive Employment Agreement (Ascent Solar Technologies, Inc.)
