Common use of Acquiring Person Clause in Contracts

Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (including any "person" as such term is used in Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that, together with all Affiliates and Associates of such person, is the beneficial owner of 35% or more of the outstanding Common Stock of the Company. The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company (or trust with respect thereto) or subsidiary of the Company, or any person holding Common Stock of the Company for or pursuant to the terms of any such plan. For purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 35% of more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 35% or more of the outstanding Common Stock.

Appears in 2 contracts

Samples: Severance Agreement (Zixit Corp), Severance Agreement (Zixit Corp)

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Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (including any "person" as such term is used in Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that, together with all Affiliates and Associates of such person, is the beneficial owner of 35% or more of the outstanding Common Stock of the Company. The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company Company, (or trust with respect thereto) or subsidiary of the Company, or any person holding Common Stock of the Company for or pursuant to the terms of any such plan. For purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 35% of more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 35% or more of the outstanding Common Stock.

Appears in 2 contracts

Samples: Severance Agreement (Zix Corp), Amended And (Zix Corp)

Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (including any "person" as such term is used in Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that, together with all Affiliates and Associates of such person, is the beneficial owner of 35% or more of the outstanding Common Stock of the CompanyStock. The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company (or trust with respect thereto) or subsidiary of the Company, or any person to the extent such person is holding Common Stock of the Company for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 35% of or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 35% or more of the outstanding Common Stock.

Appears in 2 contracts

Samples: Zix Corporation Stock Option Agreement (Zix Corp), Corporation Stock Option Agreement (Zix Corp)

Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (including any "person" as such term is used in Sections 13(d)(313 (d) (3) or 14(d)(214 (d) (2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that, together with all Affiliates and Associates of such person, is the beneficial owner of 35% or more of the outstanding Common Stock of the CompanyStock. The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company (or trust with respect thereto) or subsidiary of the Company, or any person to the extent such person is holding Common Stock of the Company for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 35% of or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 35% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Zixit Corporation Stock Option Agreement (Zixit Corp)

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Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (including any "person" as such term is used in Sections 13(d)(313 (d) (3) or 14(d)(214 (d) (2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) that, together with all Affiliates and Associates of such person, is the beneficial owner of 3510% or more of the outstanding Common Stock of the CompanyStock. The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company (or trust with respect thereto) or subsidiary of the Company, or any person to the extent such person is holding Common Stock of the Company for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 3510% of or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 3510% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Corporation Stock Option Agreement (Zixit Corp)

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