Examples of Current Management Group in a sentence
The term "Current Management Group" as used herein shall mean Anna H.
A "Change of Control" of the Corporation, as that term is used herein, shall occur at any time that (a) the Current Management Group shall cease to constitute at least sixty (60%) of all directors of the Corporation, or (b) that any person becomes either the Chairman of the Board of Directors or Chief Executive Officer of the Corporation without the prior approval of a majority of the Current Management Group, acting in their capacities as directors of the Corporation.
In making any numerical calculation under clause (i) of this definition of "Change in Control", Voting Stock beneficially owned by the Current Management Group shall not be included in the numerator of such calculation, but shall be included as outstanding Voting Stock in the determining the denominator of such calculation.
As used herein, "Current Management Group" means any group referred to above which includes, and is under the general direction and authority of, at least two of Xxxxxx Xxxxx, Xxxxx Xxxxxxxxxxx, Xxxx Xxxxx, Xxxx Xxxxxx, Xxxxx Xxxxxxxx, F.