III. (3) The Board approves a consolidation or merger of the Company with another corporation and such consolidation or merger is consummated, unless such consummation results in Granaria Holdings controlling a majority of the voting power, directly or indirectly, in the election of directors in the surviving entity and the Executive is offered the position of President, CEO and member of the Board of Directors of the surviving entity on terms and conditions at least as favorable as those set forth herein; or
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Samples: Executive Employment Agreement (Daisy Parts Inc), Executive Employment Agreement (Epmr Corp)
III. (3) The Board approves a consolidation or merger of the Company with another corporation and such consolidation or merger is consummated, unless such consummation results in Granaria Holdings controlling owning stock possessing a majority of the voting power, directly or indirectly, in the election of directors in the surviving entity and the Executive is offered the position of President, CEO and member of the Board of Directors of the surviving entity on terms and conditions at least as favorable as those set forth herein; or
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