Hostile Takeover. “Hostile Takeover” shall mean any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities, without the approval of the Company’s Board of Directors;
Appears in 2 contracts
Samples: Senior Vp Continuity Agreement (Arthrocare Corp), Vp Continuity Agreement (Arthrocare Corp)
Hostile Takeover. “Hostile Takeover” " shall mean any “"person” " (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “"beneficial owner” " (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s 's then outstanding voting securities, without the approval of the Company’s 's Board of Directors;
Appears in 2 contracts
Samples: Ceo Continuity Agreement (Arthrocare Corp), Vp Continuity Agreement (Arthrocare Corp)
Hostile Takeover. “Hostile Takeover” " shall mean a transaction or series of transactions that results in any “person” "Person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” "Beneficial Owner" (as defined in Rule 13d-3 13(d)-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (more than 50%) or more % of the total voting power represented by the Company’s 's then outstanding voting securities, securities without the approval of the Company’s Board of Directors;Directors of the Company.
Appears in 1 contract
Hostile Takeover. “Hostile Takeover” shall mean any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s 's then outstanding voting securities, without the approval of the Company’s 's Board of Directors;
Appears in 1 contract
