Stock Acquisition. Any person (other than the Parent, any subsidiary of the Parent, any employee benefit plan of the Parent or any of its subsidiaries or any trustee or other fiduciary holding securities under an employee benefit plan of the Parent or any subsidiary of the Parent) or group becomes the beneficial owner of 20% or more of either (x) the Outstanding Stock or (y) the Outstanding Parent Voting Securities; provided, however, that for purposes of this subsection (c), no Change of Control shall be deemed to have occurred as a result of any acquisition directly from the Parent; or
Appears in 3 contracts
Sources: Employment Agreement (Gulfmark Offshore Inc), Employment Agreement (Gulfmark Offshore Inc), Employment Agreement (Gulfmark Offshore Inc)