definiens: or means any entity : ( i ) i n which from time to time hereafter the Company own s or controls, directly or indirectly, at least fifty pe rcent ( 50 % ) of the capital stock entitled to vote i n the election of the board of directors ( or the body providing an analogous function for entities other than corpora tions ) ; ( ii ) that from time to time hereafter owns or contr ols, directly or indirectly, at least fifty percent ( 50 % ) of the Company ’s capital stock entitled to vote in the ele ction of directors ; and ( iii ) in which at least fif ty percent ( 50 % ) of the capital stock entitled to vote in the election of the board of directors ( or the body pro viding an analogous function for entities other than corporat ions ) is from time to time hereafter owned or contr olled, directly or indirectly, by an entity that from time to time hereafter owns or controls, directly or in directly, at least fifty percent ( 50 % ) of the Company ’s capital stock entitled to vote in the election of directors