Ownership Change. Any Person makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock; or
Appears in 9 contracts
Sources: Retention Agreement (Reliant Resources Inc), Severance Agreement (Reliant Energy Resources Corp), Retention Agreement (Reliant Energy Inc)
Ownership Change. Any Person makes an acquisition of Outstanding Voting Stock and is, immediately thereafter, the beneficial owner of 30% or more of the then Outstanding Voting Stock, unless such acquisition is made directly from the Company in a transaction approved by a majority of the Incumbent Directors; or any group is formed that is the beneficial owner of 30% or more of the Outstanding Voting Stock; orthe
Appears in 2 contracts
Sources: Retention Agreement (Reliant Resources Inc), Retention Agreement (Reliant Energy Inc)