Common use of Material Subsidiary Clause in Contracts

Material Subsidiary. A "Material Subsidiary" shall mean any majority-owned subsidiary of the Company that is material to the business of the Company, taken as a whole.

Appears in 3 contracts

Samples: Stock Option Agreement (Zixit Corp), Stock Option Agreement (Zix Corp), Stock Option Agreement (Zix Corp)

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Material Subsidiary. A "β€œMaterial Subsidiary" ” shall mean any majority-owned subsidiary of the Company that is material to the business of the Company, taken as a whole.

Appears in 1 contract

Samples: Stock Option Agreement (Zix Corp)

Material Subsidiary. A "Material Subsidiary" shall mean any majority-majority- owned subsidiary of the Company that is material to the business of the Company, taken as a whole, and that is engaged in the digital data distribution business or other business involving a concept primarily fostered by Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (Amtech Corp)

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Material Subsidiary. A "Material Subsidiary" shall mean any ------------------- majority-owned subsidiary of the Company that is material to the business of the Company, taken as a whole.

Appears in 1 contract

Samples: Stock Option Agreement (Zixit Corp)

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