Common use of Employee Benefit Plans, Etc Clause in Contracts

Employee Benefit Plans, Etc. For the purposes of determining the percentage portion or fraction of Voting Shares under Section 2.2(a), securities beneficially owned or controlled or directed by an employee plan or related trust sponsored or maintained by the Corporation or its subsidiaries shall not be taken into account in the determination of the numerator but shall be taken into account in the determination of the denominator.

Appears in 4 contracts

Samples: Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp)

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