Ownership Change. Any Person 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; or
Appears in 9 contracts
Samples: Form of Severance Agreement (Reliant Energy Resources Corp), Form of Severance Agreement (Noram Energy Corp/Old), Employment Agreement (Noram Energy Corp/Old)
Ownership Change. Any Person 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; orthe
Appears in 2 contracts
Samples: Reliant Energy Inc, Reliant Resources Inc
