Takeover Proposals by the Investor Group. No member of the Investor Group shall, without the prior approval of a majority of the Independent Directors then in office, submit a proposal to acquire a majority of the Common Stock owned by persons other than the Investor Group (a “Change of Control Proposal”) to any person unless either of the following conditions are satisfied:
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Samples: Stockholders’ Agreement (Pathmark Stores Inc), Stockholders’ Agreement (Pathmark Stores Inc), Stockholders’ Agreement (Pathmark Stores Inc)
Takeover Proposals by the Investor Group. No member of the Investor Group shall, without the prior approval of a majority one of the Independent Incumbent Directors then in office, office submit a proposal to acquire a majority of the Common Stock owned by persons other than the Investor Group (a “Change of Control Proposal”) to any person unless either of the following conditions are satisfied:
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