Common use of Acquiring Person Clause in Contracts

Acquiring Person. An “Acquiring Person” shall mean any person (as defined in Section 2(d)(iv)) that, together with all Affiliates and Associates of such person (as defined in Section 2(b)), is the beneficial owner of 20% or more of the outstanding common stock, par value $.01 per share, of the Company (“Common Stock”). The term “Acquiring Person” shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person holding Common Stock for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 20% or more of the outstanding Common Stock.

Appears in 3 contracts

Samples: Special Termination Agreement (Bearingpoint Inc), Special Termination Agreement (Bearingpoint Inc), Special Termination Agreement (Bearingpoint Inc)

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Acquiring Person. An "Acquiring Person" shall mean any person (as ---------------- defined in Section 2(d)(iv)) that, together with all Affiliates and Associates of such person (as defined in Section 2(b)), is the beneficial owner of 20% or more of the outstanding common stock, par value $.01 per share, of the Company (“Common Stock”). The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person holding Common Stock for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 20% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Special Termination Agreement (KPMG Consulting Inc)

Acquiring Person. An "Acquiring Person" shall mean any person (including any "person" as defined such term is used in Section 2(d)(iv)Sections 13 (d) (3) or 14 (d) (2) of the Exchange Act) that, together with all Affiliates and Associates of such person (as defined in Section 2(b))person, is the beneficial owner of 2030% or more of the outstanding common stock, par value $.01 per share, of the Company (“Common Stock”). The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company (or any trust with respect thereto) or subsidiary of the Company, or any person holding Common Stock of the Company for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 2030% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 2030% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Zixit Corporation Stock Option Agreement (Zixit Corp)

Acquiring Person. An “Acquiring Person” shall mean any person (as defined in Section 2(d)(iv)) that, together with all Affiliates and Associates of such person (as defined in Section 2(b)), is the beneficial owner of 20% or more of the outstanding common stock, par value $.01 per share, share of the Company (“Common Stock”). The term “Acquiring Person” shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person holding Common Stock for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 20% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Special Termination Agreement (Bearingpoint Inc)

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Acquiring Person. An "Acquiring Person" shall mean any person ---------------- (as defined in Section 2(d)(iv)) that, together with all Affiliates and Associates of such person (as defined in Section 2(b)), is the beneficial owner of 20% or more of the outstanding common stock, par value $.01 per share, of the Company (“Common Stock”). The term "Acquiring Person" shall not include the Company, any subsidiary of the Company, any employee benefit plan of the Company or any subsidiary of the Company, or any person holding Common Stock for or pursuant to the terms of any such plan. For the purposes of this Agreement, a person who becomes an Acquiring Person by acquiring beneficial ownership of 20% or more of the Common Stock at any time after the date of this Agreement shall continue to be an Acquiring Person whether or not such person continues to be the beneficial owner of 20% or more of the outstanding Common Stock.

Appears in 1 contract

Samples: Special Termination Agreement (KPMG Consulting Inc)

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