Common use of Definition of “Pending Clause in Contracts

Definition of “Pending. For purposes of Section 8(c), a Change of Control transaction shall be deemed to be “Pending” each time any of the following circumstances exist: (A) the Company and a third party have entered into a confidentiality agreement that has been signed by a duly-authorized officer of the Company and that is related to a potential Change of Control transaction; or (B) the Company has received a written expression of interest from a third party, including a binding or non-binding term sheet or letter of intent, related to a potential Change of Control transaction.

Appears in 8 contracts

Samples: Executive Employment Agreement (BioXcel Therapeutics, Inc.), Executive Employment Agreement (BioXcel Therapeutics, Inc.), Executive Employment Agreement (BioXcel Therapeutics, Inc.)

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Definition of “Pending. For purposes of Section 8(c9(c), a Change of Control transaction shall be deemed to be “Pending” each time any of the following circumstances exist: (A) the Company and a third party have entered into a confidentiality agreement that has been signed by a duly-authorized officer of the Company and that is related to a potential Change of Control transaction; or (B) the Company has received a written expression of interest from a third party, including a binding or non-binding term sheet or letter of intent, related to a potential Change of Control transaction.

Appears in 7 contracts

Samples: Executive Agreement (Aditx Therapeutics, Inc.), Executive Agreement (Amesite Operating Co), Executive Agreement (Amesite Inc.)

Definition of “Pending. For purposes of Section 8(c10(c), a Change of Control transaction shall be deemed to be “Pending” each time any of the following circumstances exist: (A) the Company and a third party have entered into a confidentiality agreement that has been signed by a duly-authorized officer of the Company and that is related to a potential Change of Control transaction; or (B) the Company has received a written expression of interest from a third party, including a binding or non-binding term sheet or letter of intent, related to a potential Change of Control transaction.

Appears in 6 contracts

Samples: Executive Employment Agreement (Greenwich LifeSciences, Inc.), Executive Employment Agreement (Greenwich LifeSciences, Inc.), Executive Employment Agreement (BioXcel Therapeutics, Inc.)

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Definition of “Pending. For purposes of Section 8(c), a Change of Control transaction shall be deemed to be “Pending” each time any of the following circumstances exist: (A) the Company and a third party have entered into a confidentiality agreement that has been signed by a duly-authorized officer of the Company and that is related to a potential Change of Control transaction; or (B) the Company has received a written expression of interest from a third party, including a binding or non-binding term sheet or letter of intent, related to a potential Change of Control transaction.. ​ US-DOCS\115509506.5

Appears in 1 contract

Samples: Executive Employment Agreement (BioXcel Therapeutics, Inc.)

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