Common use of Definition of Subsidiary Clause in Contracts

Definition of Subsidiary. For purposes of this Agreement, a “Subsidiary” shall mean any domestic or foreign corporation at least twenty percent (20%) of whose shares normally entitled to vote in electing directors is owned directly or indirectly by the Corporation or by other Subsidiaries.

Appears in 2 contracts

Samples: I Agreement (Kimberly Clark Corp), Ii Agreement (Kimberly Clark Corp)

AutoNDA by SimpleDocs

Definition of Subsidiary. For purposes As used herein, the term "Subsidiary" means any corporation in which not less than 50% of this Agreementthe outstanding capital stock having voting power to elect a majority of its Board of Directors is owned, a “Subsidiary” shall mean any domestic or foreign corporation at least twenty percent (20%) of whose shares normally entitled to vote in electing directors is owned directly or indirectly indirectly, by the Corporation or by other SubsidiariesCompany.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ricex Co)

Definition of Subsidiary. For the purposes of this Agreement, a the term “Subsidiary” shall mean means any domestic or foreign corporation at least twenty percent (20%) of whose shares normally entitled to vote in electing directors is owned which the Company directly or indirectly owns or controls more than 50% of the total combined voting power of all classes of stock issued by the Corporation or by other Subsidiariescorporation.

Appears in 1 contract

Samples: Restricted Stock Agreement (Harman International Industries Inc /De/)

AutoNDA by SimpleDocs

Definition of Subsidiary. For purposes of this Agreement, a “Subsidiary” shall mean any domestic corporation or foreign corporation at least twenty percent (20%) other entity of whose shares normally entitled to vote which the Company owns securities having a majority of the ordinary voting power in electing the board of directors is owned or similar governing body, either directly or indirectly by the Corporation through one or by other more Subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Agreement (Pool Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.