Common use of Liquidation or Dissolution Clause in Contracts

Liquidation or Dissolution. Consummation of a complete liquidation or dissolution of the Company or its principal subsidiary approved by the Company’s shareholders. If any Change of Control is a Regulated Business Combination, but its implementation involves another “Change of Control” that is not a Regulated Business Combination within the meaning of this Section 2, then for all purposes of this Agreement, such Change of Control shall not be deemed to be a Regulated Business Combination, the provisions governing a Regulated Business Combination shall not apply, and the provisions governing such other Change in Control shall apply.

Appears in 9 contracts

Samples: Change of Control Agreement (CSX Corp), Change of Control Agreement (CSX Corp), Form of Employment Agreement (CSX Corp)

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Liquidation or Dissolution. Consummation Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company or its principal subsidiary approved by the Company’s shareholderssubsidiary. If any Change of Control is a Regulated Business Combination, but its implementation involves another "Change of Control" that is not a Regulated Business Combination within the meaning of this Section 2, then for all purposes of this Agreement, such Change of Control shall not be deemed to be a Regulated Business Combination, the provisions governing a Regulated Business Combination shall not apply, and the provisions governing such other Change in Control shall apply.

Appears in 3 contracts

Samples: Change Of (Conrail Inc), Employment Agreement (CSX Corp), Employment Agreement (American Commercial Lines LLC)

Liquidation or Dissolution. Consummation Approval by the shareholders -------------------------- of the Company of a complete liquidation or dissolution of the Company or its principal subsidiary approved by the Company’s shareholderssubsidiary. If any Change of Control is a Regulated Business Combination, but its implementation involves another Change of Control” Control that is not a Regulated Business Combination within the meaning of this Section 2, then for all purposes of this AgreementCombination, such Change of Control shall not be deemed to be a Regulated Business Combination, the provisions governing a Regulated Business Combination shall not apply, and the provisions governing such other Change in Control shall apply.

Appears in 1 contract

Samples: Employment and Consulting Agreement (CSX Corp)

Liquidation or Dissolution. Consummation of a complete liquidation or dissolution of the Company or its principal subsidiary approved by the Company’s shareholders. If any Change of Control is a Regulated Business Combination, but its implementation involves another “Change of Control” that is not a Regulated Business Combination within the meaning of this Section 2, then for all purposes of this Agreement, such Change of Control shall not be deemed to be a Regulated Business Combination, the provisions governing a Regulated Business Combination shall not apply, and the provisions governing such other Change in of Control shall apply.

Appears in 1 contract

Samples: Change of Control Agreement (CSX Corp)

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Liquidation or Dissolution. Consummation Approval by the shareholders of the -------------------------- Company of a complete liquidation or dissolution of the Company or its principal subsidiary approved by the Company’s shareholderssubsidiary. If any Change of Control is a Regulated Business Combination, but its implementation involves another "Change of Control" that is not a Regulated Business Combination within the meaning of this Section 2, then for all purposes of this Agreement, such Change of Control shall not be deemed to be a Regulated Business Combination, the provisions governing a Regulated Business Combination shall not apply, and the provisions governing such other Change in Control shall apply.

Appears in 1 contract

Samples: Employment Agreement (CSX Corp)

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