Common use of Control Transaction Clause in Contracts

Control Transaction. In this Agreement, a “Control Transaction” means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stock.

Appears in 8 contracts

Samples: Employment Agreement (Iradimed Corp), Employment Agreement (Iradimed Corp), Employment Agreement (Iradimed Corp)

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Control Transaction. In this Agreement, a “Control Transaction” means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stockstock in a single transaction or in a series of transactions that are related to the same or related parties. The regular daily trading of the Company’s Common Stock, when aggregated over time, does not constitute a Control Transaction.

Appears in 2 contracts

Samples: Employment Agreement (Iradimed Corp), Employment Agreement (Iradimed Corp)

Control Transaction. In this Agreement, a "Control Transaction" means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stock's stock in a single transaction or in a series of transactions that are related to the same or related parties. The regular daily trading of the Company's Common Stock, when aggregated over time, does not constitute a Control Transaction.

Appears in 1 contract

Samples: Employment Agreement (Iradimed Corp)

Control Transaction. In this Agreement, a “Control Transaction” means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stock.stock Susi Employment Agreement

Appears in 1 contract

Samples: Employment Agreement (Iradimed Corp)

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Control Transaction. In this Agreement, a “Control Transaction” means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stock. However, whereas the Company’s Chairman and CEO controls more than 50% directly and through various Susi Dynasty Trusts, any title changes that result from financial and/or estate planning by and between the Chairman/CEO and such trusts will not be considered as Control Transaction(s) leading to a change of control.

Appears in 1 contract

Samples: Employment Agreement (Iradimed Corp)

Control Transaction. In this Agreement, a “Control Transaction” means a change in control of the Company defined as a transfer of ownership of more than 50% of the outstanding shares of the Company’s stockstock in a single transaction or in a series of transactions that are related to the same or related CONFIDENTIAL parties, The regular daily trading of the Company’s Common Stock, when aggregated over time, does not constitute a Control Transaction.

Appears in 1 contract

Samples: Employment Agreement (Iradimed Corp)

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