Potential Change of Control. For the purposes of this Agreement, a “Potential Change of Control” shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Act) commences a tender offer for common stock, which if consummated, would result in such person owning 35% or more of the combined voting power of the Company’s then outstanding common stock; (ii) the Company enters into an agreement the consummation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the Company.
Appears in 3 contracts
Samples: Key Executive Employment Protection Agreement (Landstar System Inc), Key Executive Employment Protection Agreement (Landstar System Inc), Key Executive Employment Protection Agreement (Landstar System Inc)
Potential Change of Control. For the purposes of this Agreement, a “Potential Change of Control” shall be deemed to have occurred if (i) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Act) commences a tender or exchange offer for common stock, which if consummated, would result in such person owning 35% or more of the combined voting power of the Company’s then outstanding common stock; (ii) the Company enters into an agreement the consummation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the Company.
Appears in 2 contracts
Samples: Key Executive Employment Protection Agreement (Landstar System Inc), Key Executive Employment Protection Agreement (Landstar System Inc)
Potential Change of Control. For the purposes of this Agreement, a “Potential Change of Control” Control shall be deemed to have occurred if (i) any “"person” " (as such term is used in Sections 13(d) and 14(d)(2) of the ActSecurities Exchange Act of 1934, as amended) commences a tender offer for common stocksecurities, which if consummated, would result in such person owning 3520% or more of the combined voting power of the Company’s 's then outstanding common stocksecurities; (ii) the Company enters into an agreement the consummation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the CompanyBoard.
Appears in 2 contracts
Samples: Key Executive Employment Protection Agreement (Uslife Corp), Employment Agreement (Uslife Corp)
Potential Change of Control. For the purposes of this Agreement, a “Potential Change of Control” Control shall be deemed to have occurred if (i) any “"person” " (as such term is used in Sections 13(d) and 14(d)(2) of the ActSecurities Exchange Act of 1934, as amended) commences a tender offer for common stocksecurities, which if consummated, would result in such person owning 3520% or more of the combined voting power of the Company’s 's then outstanding common stocksecurities; (ii) the Company enters into an agreement the consummation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the Company.Board. 5
Appears in 1 contract
Samples: Employment Agreement (Uslife Corp)
Potential Change of Control. For the purposes of this Agreement, a “"Potential Change of Control” " shall be deemed to have occurred if (i) any “"person” " (as such term is used in Sections 13(d) and 14(d)(2) of the Act) commences a tender offer for common stock, which if consummated, would result in such person owning 35% or more of the combined voting power of the Company’s 's then outstanding common stock; (ii) the Company enters into an agreement the consummation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the Company.
Appears in 1 contract
Samples: Key Executive Employment Protection Agreement (Landstar System Inc)
Potential Change of Control. For the purposes of this Agreement, a “Potential Change of Control” Control shall be deemed to have occurred if (i) any “"person” " (as such term is used in Sections 13(d) and 14(d)(2) of the ActSecurities Exchange Act of 1934, as amended) commences a tender offer for common stocksecurities, which if consummated, would result in such person owning 3520% or more of the combined voting power of the Company’s 's then outstanding common stocksecurities; (ii) the Company enters into an agreement the consummation con- summation of which would constitute a Change of Control; (iii) proxies for the election of directors of the Company are solicited by anyone other than the Company; or (iv) any other event occurs which is deemed to be a Potential Change of Control by the Board of Directors of the CompanyBoard.
Appears in 1 contract
Samples: Key Executive Employment Protection Agreement (Uslife Corp)
