Common use of Ownership Change Clause in Contracts

Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors); or

Appears in 12 contracts

Samples: Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.), Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.), Change in Control Agreement (BWX Technologies, Inc.)

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Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company Company, the Employer, or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors)Stock; or

Appears in 10 contracts

Samples: Change in Control Agreement (Reliant Energy Inc), Change in Control Agreement (Reliant Energy Inc), Change in Control Agreement (Reliant Energy Inc)

Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company Company, the Employer, or an AffiliateAffiliate of either of them, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors)Stock; or

Appears in 8 contracts

Samples: Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc)

Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company Company, the Employer, or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors); or

Appears in 5 contracts

Samples: Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co)

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Ownership Change. Any Person, other than an ERISA-regulated pension plan established by the Company or an Affiliate, makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock (other than a group formation for the purpose of making an acquisition directly from the Company and approved (prior to such group formation) by a majority of the Incumbent Directors)Stock; or

Appears in 4 contracts

Samples: Severance Agreement (Reliant Energy Inc), Severance Agreement (Reliant Energy Inc), Severance Agreement (Reliant Resources Inc)

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