Prospective Change in Control definition

Prospective Change in Control means (i) any offer presented, directly or indirectly, to the Board which, if consummated, would constitute a Change in Control, or (ii) any negotiation with the Board or any committee or representative thereof to make such an offer (including the unilateral announcement of the terms on which such an offer would be made).
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Prospective Change in Control means the public announcement of a tender or exchange offer by any person for fifty percent (50%) or more of the Combined voting power of the then outstanding Voting Stock of the Corporation, which tender or exchange offer was approved by the Board of Directors of the Corporation in advance of such public announcement.
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Prospective Change in Control or into another tender offer or exchange offer for all of the Company's common stock; and provided further that -------- ------- Purchaser will in no event sell any of the Company securities owned by Purchaser during the pendency of a tender or exchange offer that has not occasioned a "Change in Control" or "Prospective Change in Control" (as defined in the Certificate of Designation) unless such tender or exchange offer shall have subsequently occasioned a "Change in Control" or "Prospective Change in Control" or such offer shall be for all of the Company's common stock and in the case of any sales permitted by this proviso only into such a tender offer or exchange offer; and
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Examples of Prospective Change in Control in a sentence

  • As used herein, the term "Prospective Change in Control" means (i) any offer presented, directly or indirectly, to the Board of Directors of the Company which, if consummated, would constitute a Change in Control, or (ii) any negotiation with the Board of Directors or any committee or representative thereof to make such an offer (including the unilateral announcement of the terms on which such an offer would be made).


More Definitions of Prospective Change in Control

Prospective Change in Control shall have the meaning as defined in Section 13(b) of the Plan.
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Prospective Change in Control means (i) any offer presented, directly or indirectly, to the Board which, if consummated, would constitute a Change in Control, or (ii) any negotiation with the Board or any committee or representative thereof to make such an offer (including the unilateral announcement of the terms on which such an offer would be made). (p) “Services” shall mean employment with the Company. (q) “Short Term Incentive Plan” means the existing system of annual bonuses payable to Executives, pursuant to which annual target bonuses are established based upon job levels and payments of bonuses as a percentage of such targets are made based upon Company and/or individual performance under the 2013 Plan.
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Related to Prospective Change in Control

  • Change in Control means the occurrence of any of the following events:

  • 409A Change in Control means a "Change in Control" which also constitutes a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all within the meaning of § 409A.

  • Potential Change in Control means that (i) the Company enters into an agreement, the consummation of which would result in the occurrence of a Change of Control; or (ii) the Board adopts a resolution to the effect that, for purposes of this Agreement, a potential change in control of the Company has occurred.

  • Change in Control Date means the date on which a Change in Control occurs.

  • Change in Control Transaction means the occurrence of any of the following events: