Change of Hands definition
Change of Hands means the announcement of any agreement or the consummation of any event or transaction whereby Recipient (i) sells to any Third Party in one or more related transactions assets representing all of Recipient’s assets (including intellectual property rights); (ii) enters into a merger or reorganization or similar transaction with a Third Party as a result of which, immediately following such transaction, less than a majority of the voting power of the voting stock of the surviving entity is beneficially owned by Recipient; or (iii) enters into any transaction (including, without limitation, any stock acquisition, merger or consolidation) whereby a Third Party acquires a majority of the voting power of the voting stock of Recipient.