Common use of Merger/Sale of Assets Clause in Contracts

Merger/Sale of Assets. (A) A merger or consolidation of Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (50%) of the total voting power represented by the voting securities of Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; (B) the sale or disposition by Company of all or substantially all of Company’s assets; or (iii)

Appears in 8 contracts

Samples: Executive Employment Agreement (Globe Photos, Inc.), Executive Employment Agreement (Pulmatrix, Inc.), Executive Employment Agreement (Globe Photos, Inc.)

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Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iii)assets in a transaction requiring stockholder approval.

Appears in 6 contracts

Samples: Employment Agreement (BG Medicine, Inc.), Employment Agreement (BG Medicine, Inc.), Employment Agreement (BG Medicine, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the BoardBoard of Directors, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iiiassets in a transaction requiring stockholder approval Notwithstanding the foregoing, a “Change in Control” must also constitute a “change in control event” as defined in Treasury Regulation §1.409A-3(i)(5).

Appears in 5 contracts

Samples: Employment Agreement (Pieris Pharmaceuticals, Inc.), Employment Agreement (Pieris Pharmaceuticals, Inc.), Employment Agreement (Pieris Pharmaceuticals, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (50%) of the total voting power represented by the voting securities of Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by Company of all or substantially all of Company’s assets; or (iii).

Appears in 5 contracts

Samples: Executive Employment Agreement (AeroClean Technologies, LLC), Executive Employment Agreement (AeroClean Technologies, LLC), Executive Employment Agreement (X4 Pharmaceuticals, Inc)

Merger/Sale of Assets. (A) A merger or consolidation of Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (50%) of the total voting power represented by the voting securities of Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by Company of all or substantially all of Company’s assets; or (iii). Executive acknowledges and agrees that the transactions contemplated by the Merger Agreement shall not constitute a Change of Control.

Appears in 4 contracts

Samples: Executive Employment Agreement (AeroClean Technologies, Inc.), Executive Employment Agreement (AeroClean Technologies, Inc.), Executive Employment Agreement (AeroClean Technologies, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the BoardBoard of Directors, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iii)assets in a transaction requiring stockholder approval.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (BG Medicine, Inc.), Control Agreement (Myrexis, Inc.), Control Agreement (Myriad Pharmaceuticals, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the BoardBoard of Directors, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by the Company of all or substantially all of the Company’s assetsassets in a transaction requiring stockholder approval; or (iii)or

Appears in 4 contracts

Samples: Performance Based Restricted Stock Agreement (Aspen Aerogels Inc), Restricted Stock Agreement (Aspen Aerogels Inc), BG Medicine, Inc.

Merger/Sale of Assets. (A1) A a merger or consolidation of the Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporationentity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporationentity, as the case may be, outstanding immediately after such merger or consolidation; or (B2) the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iiiC)

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Myriad Genetics Inc), Executive Employment Agreement (Myriad Genetics Inc), Severance and Change in Control Agreement (Myriad Genetics Inc)

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Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the BoardCompany’s Board of Directors, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by the Company of all or substantially all of the Company’s assetsassets in a transaction requiring stockholder approval; or (iii)or

Appears in 1 contract

Samples: Consulting Agreement (Gi Dynamics, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (50%) % of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, corporation outstanding immediately after such merger or consolidation; (B) , or the stockholders of the Company approve an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets; or (iii);

Appears in 1 contract

Samples: Employment Agreement (Response Genetics Inc)

Merger/Sale of Assets. (A) A merger or consolidation of Company Employer whether or not approved by the BoardBoard of Directors, other than a merger or consolidation which would result in the voting securities of Company Employer outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (more than 50%) % of the total voting power represented by the voting securities of Company Employer or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; or (B) the sale or disposition by Company Employer of all or substantially all of CompanyEmployer’s assets; or (iii)assets in a transaction requiring stockholder approval.

Appears in 1 contract

Samples: Employment Agreement (Catasys, Inc.)

Merger/Sale of Assets. (A) A merger or consolidation of the Company whether or not approved by the BoardBoard of Directors, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least 50% (fifty percent (50%percent) of the total voting power represented by the voting securities of the Company or such surviving entity or parent of such corporation, as the case may be, corporation outstanding immediately after such merger or consolidation; (B) , or the consummation of an agreement for the sale or disposition by of the Company of all or substantially all of the Company’s assets; or (iii). “Substantially all of the Company’s assets” shall be deemed to include the assets of all business units and/or divisions of the Company and all of its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Orchid Biosciences Inc)

Merger/Sale of Assets. (A) A merger or consolidation of Company whether or not approved by the Board, other than a merger or consolidation which would result in the voting securities of Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or the parent of such corporation) at least fifty percent (50%) of the total voting power represented by the voting securities of Company or such surviving entity or parent of such corporation, as the case may be, outstanding immediately after such merger or consolidation; (B) or the sale or disposition by Company of all or substantially all of Company’s assets; or (iii)or

Appears in 1 contract

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

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