TAKEOVER. The acquisition by any person (defined for purposes of this Agreement to mean any person within the meaning of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act")), other than the Company or an employee benefit plan created by the Company's board of directors for the benefit of its Employees, either directly or indirectly, of the beneficial ownership (determined under Rule 13d-3 of the Regulations promulgated by the Securities and Exchange Commission under Section 13(d) of the Exchange Act) of securities issued by the Company having 50% or more of the voting power of all the voting securities issued by the Company in the election of directors at the next meeting of the holders of voting securities to be held for such purpose, and such person acquired such beneficial ownership without prior consent of the Company's board of directors.
Appears in 20 contracts
Samples: Incentive Plan Stock Option Agreement (Dt Chase Enterprises Inc), Stock Option Agreement (Insurance Holdings Lp), Incentive Plan Stock Option Agreement (Chase Insurance Corp)
