Potential Change in Control. A "Potential Change in Control" of the Company shall be deemed to have occurred if: (a) the Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control; (b) any person (including the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control; (c) any person becomes the beneficial owner, directly or indirectly, of securities of the Company representing twenty-five percent (25%) or more of the combined voting power of the Company's then outstanding securities; or (d) the Board adopts a resolution to the effect that, for the purposes of this Agreement, a "Potential Change in Control" of the Company has occurred.
Appears in 5 contracts
Sources: Employment Agreement (Medtox Scientific Inc), Employment Agreement (Medtox Scientific Inc), Employment Agreement (Medtox Scientific Inc)
Potential Change in Control. A "Potential Change in Control" of the Company shall be deemed to have occurred if:
(a) the Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control;
(b) any person (including the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control;
(c) any person becomes the beneficial owner, directly or indirectly, of securities of the Company representing twenty-five ten percent (2510%) or more of the combined voting power of the Company's then outstanding securities; or
(d) the Board adopts a resolution to the effect that, for the purposes of this Agreement, a "Potential Change in Control" of the Company has occurred.
Appears in 4 contracts
Sources: Employment Agreement (Medtox Scientific Inc), Employment Agreement (Medtox Scientific Inc), Employment Agreement (Medtox Scientific Inc)
Potential Change in Control. A "“Potential Change in Control" ” of the Company shall be deemed to have occurred if:
(a) the Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control;
(b) any person (including the Company) publicly announces an intention to take or to consider taking actions which if consummated would constitute a Change in Control;
(c) any person becomes the beneficial owner, directly or indirectly, of securities of the Company representing twenty-five ten percent (2510%) or more of the combined voting power of the Company's ’s then outstanding securities; or
(d) the Board adopts a resolution to the effect that, for the purposes of this Agreement, a "“Potential Change in Control" ” of the Company has occurred.
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