Common use of Change in Ownership Clause in Contracts

Change in Ownership. A change in ownership of the Company occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Company, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Company.

Appears in 19 contracts

Samples: Employment Agreement (Electronic Servitor Publication Network, Inc.), Employment Agreement (Electronic Servitor Publication Network, Inc.), Employment Agreement (Electronic Servitor Publication Network Inc.)

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Change in Ownership. A change in ownership of the Company occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than fifty percent (50%) % of the total fair market value or total voting power of the stock of the Company, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered to own more than fifty percent (50%) % of the total fair market value or total voting power of the stock of the Company.

Appears in 9 contracts

Samples: Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp)

Change in Ownership. A change in ownership of the Company a corporation occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) % of the total fair market value or total voting power of the stock of the Companycorporation, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered to own more than fifty percent (50%) % of the total fair market value or total voting power of the stock of the Companycorporation.

Appears in 4 contracts

Samples: Executive Nonqualified Excess Plan Document (Sandridge Energy Inc), Executive Nonqualified Excess Plan (Ufp Technologies Inc), Executive Nonqualified Excess Plan (Proassurance Corp)

Change in Ownership. A change in ownership of the Company Corporation occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company Corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of the CompanyCorporation, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the CompanyCorporation.

Appears in 2 contracts

Samples: Employment Agreement (Diego Pellicer Worldwide, Inc), Employment Agreement (Diego Pellicer Worldwide, Inc)

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Change in Ownership. A change Change in ownership of the Company Ownership occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than fifty 50 percent (50%) of the total fair market value or total voting power of the stock of the Company, excluding the acquisition of additional stock by a person or more than one person acting as a group who is considered to own more than fifty percent (50%) of the total fair market value or total voting power of the stock of the Company.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Porter Bancorp, Inc.)

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