Common use of Assignment Defined Clause in Contracts

Assignment Defined. The term "assignment" shall include any dissolution, merger, consolidation or other reorganization of the Contractor, or the sale or other transfer of Contractor's capital stock, which results in a change in control.

Assignment Defined. The term "“assignment" ” shall include includemeans any dissolution, merger, consolidation consolidation, or other reorganization of the Contractor, which that results in a change of control of the Contractor, or the sale or other transfer of a controlling percentage of Contractor's ’s capital stockstock to a person who, which results in on the date of execution of this Agreement, is not a change in controlshareholder, immediate family member, management employee or, principal of the Contractor, or to an affiliate on the date of the execution of this Agreementof Contractor.