Definition of STT Change in Control


STT Change in Control means the occurrence of any of the following events: (a) a transfer of STT's equity securities to any person who was not a shareholder of STT in the twelve (12) month period immediately prior to such transfer, if such person owns immediately after such transfer more than fifty percent (50%) of the voting power of the outstanding securities of STT; (b) the consummation of a merger or consolidation of STT with or into another entity or any other corporate reorganization, if persons who were not stockholders of STT in the twelve (12) month period immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization more than fifty percent (50%) of the voting power of the outstanding securities of each of (i) the continuing or surviving entity and (ii) any direct or indirect parent corporation of such continuing or surviving entity; or (c) the sale, transfer or other disposition of all or substantially all of STT's assets. A transaction shall not constitute an "STT Change in Control" if its sole purpose is to create a holding company that will be owned in substantially the same proportions by the persons who held STT's securities in the twelve (12) month period immediately prior to such transaction.
Sample 1

Examples of STT Change in Control in a sentence

The Administrator may, in its sole discretion, designate additional Exercise Dates following a STT Change in Control, a Company Change in Control or a Global Change in Control.