Ownership Change. Any Person makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock; or
Appears in 9 contracts
Samples: Retention Agreement (Reliant Energy Inc), Employment Agreement (Noram Energy Corp/Old), Severance Agreement (Reliant Energy Resources Corp)
Ownership Change. Any Person makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock; orthe
Appears in 2 contracts
Samples: Retention Agreement (Reliant Resources Inc), Retention Agreement (Reliant Energy Inc)
