GROUP UNDER COMMON CONTROL definition

GROUP UNDER COMMON CONTROL means a group of trades or businesses (whether or not incorporated) which are under common control as defined in Code Section 414(c).

Related to GROUP UNDER COMMON CONTROL

  • Under Common Control means possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of voting securities, by contract or otherwise); provided, however, that in any event any Person which beneficially owns, directly or indirectly, 10% or more (in number of votes) of the securities having ordinary voting power for the election of directors of a corporation shall be conclusively presumed to control such corporation.

  • Common Control means where one person Controls another or when two persons are Controlled by a third party, in all cases whether directly or indirectly.

  • under common control with means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, as trustee or executor, as general partner or managing member, by Contract or otherwise, including the ownership, directly or indirectly, of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.

  • Control Group means the Company and its Affiliates.

  • Senior citizen means that term as defined in section 514.