Examples of Control Event in a sentence
Change of Control Event A Change of Control Event occurs if the shareholder Ministers collectively own 50% or less of Genesis’ voting shares.
If there is a Change of Control Event, the Board may decide that all or a specified number of a Participant’s Incentive Securities Vest or cease to be subject to restrictions (as applicable).
The Board has the discretion to determine the treatment of all Vested Incentive Securities (including those that Vest in accordance with rule 7.1) if a Change of Control Event occurs.
Holder Put Event If both a Change of Control Event and an associated Rating Downgrade occurs and Genesis has not exercised its right to redeem the Capital Bonds, then Bondholders will have the right to elect that Genesis must redeem the Capital Bonds.