Transfer of Control of the Company definition

Transfer of Control of the Company means the onerous transfer of the Control Stock to a third party;
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Transfer of Control of the Company means the transfer to third parties, for consideration, of the Controlling Shares; (vi) “Controlling Power” means the power effectively used to direct the corporate activities and guide the functioning of the bodies of the Company, directly or indirectly, in fact or in law, regardless of the equity interest held, noticing that there is relative presumption of control ownership in relation to the person or Group of Shareholders holding shares which have secured an absolute majority of votes of the shareholders participating in the 3 (three) last general meetings of the Company, even if it does not hold shares securing them the absolute majority of the voting capital.
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Examples of Transfer of Control of the Company in a sentence

  • The Option shall terminate and may no longer be exercised on the first to occur of (a) the date ten (10) years after the Date of Option Grant (the "Option Term Date"), (b) the last date for exercising the Option following termination of the Optionee's employment as described in paragraph 4(g), or (c) a Transfer of Control of the Company to the extent provided in paragraph 4(h) below.

  • In addition, _____ percent (_____%) of the unvested portion of this option shall become vested upon a Transfer of Control of the Company, with the balance of the unvested portion of the option continuing to vest thereafter in accordance with Schedule A attached hereto.

  • For the avoidance of doubt, (i) the amount outstanding under any Dividend Related Debt at the Closing Date shall be considered Debt of the Company for the purposes of the Purchase Price adjustment dealt with under Article 2.2, and (ii) the Dividend Related Debt documents shall not contain any penalty for pre-payment or for a Transfer of Control of the Company.

  • In anticipation of a contemplated direct or indirect transfer of ownership of more than 90% of the shares of the Company to an unrelated third party buyer (the occurrence of such transfer of ownership hereafter the "Transfer of Control of the Company"), the Promissor is prepared to grant to the Beneficiaries an irrevocable option to purchase all, but not part of the Shares, and the Beneficiaries are prepared to accept the grant of such option, on the terms and conditions set forth herein.

  • The closing in respect of the Second Block of Shares (the "Closing of the Second Block") shall occur at a date determined by the First and Second Beneficiaries on or within 5 days from the date of occurrence of the Transfer of Control of the Company.

  • If no Transfer of Control of the Company has occurred on March 31, 2001, the Second Beneficiary may elect to extend the date until which the Transfer of Control of the Company can occur to June 30, 2001, by notification of such election to the Promissor and to the First Beneficiary and the Third Beneficiary, which notification shall be binding on the Promissor, the First Beneficiary and the Third Beneficiary.

  • The closing (the "Closing") shall occur on the date of occurrence of the Transfer of Control of the Company.

  • The Option shall terminate and may no longer be exercised on the first to occur of (i) the date ten (10) years after the Date of Option Grant, (ii) the last date for exercising the Option following termination of the Optionee's service as a director of the Company as described in paragraph 6 below, or (iii) upon a Transfer of Control of the Company as described in the Plan.

  • THE GUARANTOR AND THE BENEFICIARIES The Promissor, the Guarantor and the Beneficiaries declare that they are fully informed as regards the situation of the Company and the steps which have been taken to date to prepare the Transfer of Control of the Company to a third party.

  • In relation to the Transfer of Control of the Company, the Beneficiaries contemplate a proposed valuation of the Company of at least three billion French Francs (FRF 3,000,000,000).