Exempt Person means the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan.
Exempt Person means the Company or any Subsidiary (as such term is hereinafter defined) of the Company, in each case including, without limitation, in its fiduciary capacity, or any employee benefit plan of the Company or of any Subsidiary of the Company, or any entity or trustee holding Common Stock for or pursuant to the terms of any such plan or for the purpose of funding any such plan or funding other employee benefits for employees of the Company or of any Subsidiary of the Company.
Exempt Person means the Company, any Subsidiary (as such term is hereinafter defined) of the Company or any employee benefit plan of the Company or of any Subsidiary of the Company or any entity or trustee holding shares of capital stock of the Company for or pursuant to the terms of any such plan, in its capacity as an agent or trustee for any such plan.
Examples of Exempt Person in a sentence
Notwithstanding the foregoing, the Board shall not be empowered to direct the Company to effect such exchange at any time after any Person (other than an Exempt Person), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of the Common Stock then outstanding.
More Definitions of Exempt Person
Exempt Person shall have the meaning set forth in the definition of “Acquiring Person.”
Exempt Person means any of the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, and any Person organized, appointed or established by the Company for or pursuant to the terms of any such plan.
Exempt Person means the Company, any wholly-owned Subsidiary of the Company, any employee benefit plan of the Company or of a Subsidiary of the Company, and any Person holding Voting Shares for or pursuant to the terms of any such employee benefit plan.
Exempt Person means:
Exempt Person means (i) the Company, any Subsidiary of the Company, in each case including, without limitation, the officers and members of the board of directors thereof acting in their fiduciary capacities, or any employee benefit plan of the Company or of any Subsidiary of the Company or any entity or trustee holding (or acting in a fiduciary capacity in respect of) shares of capital stock of the Company for or pursuant to the terms of any such plan, or for the purpose of funding other employee benefits for employees of the Company or any Subsidiary of the Company, and (ii) any Person deemed to be an “Exempt Person” in accordance with Section 28 or Section 29.
Exempt Person means (i) the Company, any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan; or (ii) any Person who is the Beneficial Owner of 15% or more of the outstanding shares of Common Stock on the date when-issued trading of the Common Stock begins trading on the New York Stock Exchange in connection with the Distribution or on the Distribution Date, until such time hereafter as such Person shall become the Beneficial Owner (other than by means of a stock dividend or stock split or in connection with an employee or other direct stock option program of the Company) of an additional number of shares of Common Stock greater than one percent (1%) of the number of such shares outstanding; or (iii) any Person who inadvertently acquired Beneficial Ownership of 15% or more of the outstanding shares of Common Stock or otherwise acquired Beneficial Ownership of shares of Common Stock without any plan or intention to seek control of the Company and without knowledge that such acquisition would make such Person an Acquiring Person, if, in either case, such Person promptly divests (without exercising or retaining any power, including voting, with respect to such shares) a sufficient number of shares of Common Stock (or securities convertible into Common Stock) so that such Person ceases to be the Beneficial Owner of a number of shares of Common Stock that would otherwise cause such Person to be an Acquiring Person, after notice by the Company (or, after the first Stock Acquisition Date, after notice by a majority of the Continuing Directors) that such Person will be deemed by the Company to be an Acquiring Person unless it makes such divestitures; or (iv) any Person whose Beneficial Ownership of 15% or more of the outstanding shares of Common Stock is approved in advance (but only to the extent of Beneficial Ownership which is so approved) by the Board of Directors of the Company or, after the first Stock Acquisition Date, by a majority of the Continuing Directors;
Exempt Person means any Person determined by the Board to be an “Exempt Person” in accordance with the requirements set forth in Section 25 hereof for so long as such Person complies with any limitations or conditions required by the Board in making such determination.