Definition of Assignme nt. For purposes of this section, when used in reference to Company, "assignment" shall include, but not be limited to (i) a sale, exchange, or other transfer of substantially all of Company's assets dedicated to service under this Agreement to a third party; (ii) a sale, exchange, or other transfer of the outstanding common stock of Company to a third party, provided said sale, exchange, or transfer may result in a change of control of Company; (iii) any dissolution, reorganization, consolidation, merger, re-capitalization, stock issuance or re-issuance, voting trust, pooling agreement, escrow arrangement, liquidation, or other transaction to that Company, any of its shareholders, subsidiary, or parent company is a party which results in a change of ownership or control of Company; (iv) any assignment by operation of law, including insolvency or bankruptcy, assignment for the benefit of creditors, writ of attachment for an execution being levied against this Agreement, appointment of a receiver taking possession of Company's property, or transfer occurring in the event of a probate proceeding; (v) transfer of responsible management control of Company from the current Chairman of the Board (Xxxxx Xxxxx); and (vi) any combination of the foregoing (whether or not in related or contemporaneous transactions) that has the effect of any such transfer or change of ownership, or change in control of Company. Nothing herein shall be deemed to prevent the current Chairman of the Board of the Company (Xxxxx Xxxxx) from buying out other shareholders of Company.
