Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control shall be deemed to have occurred if: (i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of at least 20% of the Voting Securities; (ii) the Company enters into an agreement the consummation of which shall 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.
Appears in 2 contracts
Samples: Employment Continuation Agreement (Chrysler Corp /De), Employment Continuation Agreement (Chrysler Corp /De)
Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control shall be deemed to have occurred if: :
(i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer (with reasonably adequate financing) for securities representing at least 20% of the Voting Securities; Power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall 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 or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board.
Appears in 2 contracts
Samples: Employment Continuation Agreement (Bwip Inc), Employment Continuation Agreement (Bwip Inc)
Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control ofControl shall be deemed to have occurred if: :
(i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer (with adequate financing) for securities representing at least 20% of the Voting Securities; voting power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall 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 or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board.
Appears in 1 contract
Samples: Employment Continuation Agreement (Alexander & Alexander Services Inc)
Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control shall be deemed to have occurred if: :
(i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer (with adequate financing) for securities representing at least 20% of the Voting Securities; voting power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall 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 or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board.
Appears in 1 contract
Samples: Employment Agreement (Alexander & Alexander Services Inc)
Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control shall be deemed to have occurred if: :
(i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer (with adequate financing) for securities representing at least 20% of the Voting Securities; Power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall 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.;
Appears in 1 contract
Samples: Employment Continuation Agreement (Quaker State Corp)
Potential Change of Control. For the purposes of this Agreement, a Potential Change of Control shall be deemed to have occurred if: :
(i) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer (with adequate financing) for securities representing at least 20% of the Voting Securities; Power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall would constitute a Change of Control; ;
(iii) at a time at which the Company is subject to the proxy disclosure rules of Section 14 of the Exchange Act, proxies for the election of directors of the Company are solicited by anyone other than the Company; or or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board.
Appears in 1 contract
Samples: Employment Agreement (Hancock John Financial Services 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) a Person commences a tender offer, which if successfully consummated, would result in such Person being the beneficial owner of offer for securities representing at least 20% of the Voting Securities; Power of the Company's securities;
(ii) the Company enters into an agreement the consummation of which shall 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 or
(iv) any other event occurs which is deemed to be a Potential Change of Control by the Board.
Appears in 1 contract
Samples: Employment Continuation Agreement (New Jersey Resources Corp)
