Common use of Change in Effective Control Clause in Contracts

Change in Effective Control. A change in effective control of the Company occurs on the date that either: (A) any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty percent (30%) or more of the total voting power of the stock of the Company; or (B) a majority of the members of the Company’s Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board prior to the date of the appointment or election; provided, that this paragraph (2) will apply to the Company only if no other corporation is a majority shareholder of the Company.

Change in Effective Control. A change in effective control of the Company occurs on the date that either: (A) any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty percent (30%) or more of the total voting power of the stock of the Company; or (B) a majority of the members of the Company’s Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board prior to the date of the appointment or election; provided, that this paragraph (2ii) will apply to the Company only if no other corporation is a majority shareholder of the Company.

Change in Effective Control. A change in effective control of the Company Corporation occurs on the date that either: (A) any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company Corporation possessing thirty percent (30%) or more of the total voting power of the stock of the CompanyCorporation; or (B) a majority of the members of the CompanyCorporation’s Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the CompanyCorporation’s Board prior to the date of the appointment or election; provided, that this paragraph (2) will apply to the Company Corporation only if no other corporation is a majority shareholder of the CompanyCorporation.

Change in Effective Control. A change in effective control of the Company occurs on the date that either: (A) any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty forty percent (3040%) or more of the total voting power of the stock of the Company; or (B) a majority of the members of the Company’s Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board prior to the date of the appointment or election; provided, that this paragraph (2) will apply to the Company only if no other corporation is a majority shareholder of the Company.

Change in Effective Control. A change in effective control of the Company a corporation occurs on the date that either: (Ai) any Any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) -month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company corporation possessing thirty percent (30%) 35% or more of the total voting power of the stock of the Companycorporation; or (Bii) a A majority of the members of the Company’s Board board of directors of the corporation is replaced during any twelve (12) 12- month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board board of directors prior to the date of the appointment or election; provided, that this paragraph (2ii) will shall apply only to the Company only if a corporation for which no other corporation is a majority shareholder of the Companyshareholder.

Change in Effective Control. A change in effective control of the Company occurs on the date that either: (A) any one person, or more than one person acting as a group, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing thirty forty percent (3040%) or more of the total voting power of the stock of the Company; or (B) a majority of the members of the Company’s Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board prior to the date of the appointment or election; provided, however, that this paragraph (2ii) will apply to the Company only if no other corporation is a majority shareholder stockholder of the Company.