MERGER PROTECTION CHANGE IN CONTROL. The term “Merger Protection Change in Control” shall mean, and shall be deemed to have occurred on, the date the Company shall have merged into or consolidated with another corporation, or merged another corporation into the Company, on a basis whereby at least fifty percent (50%) but not more than sixty-six percent (66%) of the total voting power of the surviving corporation is represented by shares held by former stockholders of the Company immediately prior to such merger or consolidation.
Appears in 8 contracts
Samples: Confidentiality Agreement (Pride International Inc), Confidentiality Agreement (Pride International Inc), Confidentiality Agreement (Pride International Inc)
