Common use of Spin-Off Clause in Contracts

Spin-Off. “Spin-Off” shall mean the distribution of the securities of a subsidiary of the Company to the Company’s stockholders at a time when the Company owns at least 80% of such subsidiary’s securities.

Appears in 9 contracts

Sources: Management Retention Agreement (Palm Inc), Management Retention Agreement (Palm Inc), Management Retention Agreement (Palmsource Inc)