definiens: shall mean any of the following : ( i ) a reorganization, merger or consolidation of [COMPANY] with a Major Pharm aceutical Company if the shareholders of Pharmacope ia ( determined immediately prior to the reorganization, merger or consolidation taking effect ) hold, dire ctly or indirectly, less than fifty percent ( 50 % ) of the su rviving corporation ( determined immediately after s uch reorganization, merger or consolidation takes effec t ) ; ( ii ) an acquisition by a Major Pharmaceutical C ompany of direct or indirect beneficial ownership of voting s tock of [COMPANY] representing more than fifty p ercent ( 50 % ) of the total current voting power of Pharmaco peia then issued and outstanding ; ( iii ) a sale of a ll or substantially all the assets of [COMPANY] ’s Drug Discovery division to a Major Pharmaceutical Compa ny ; or ( iv ) a liquidation or dissolution of [COMPANY]