definiens: means achange inthebeneficial ownership ofBMP ! 's votingslock orachange intbecomposition oftbe Board lhmoccurs when:(a)any ( assuchtmnisusedinSeelions I:«d)and14(d)(2 ) oflheSecurities Exchange Actof1934 ) isorbecomes abeneficial owner . directly orindirectly . ofstock oftheB~'IPI represenli,,£ fifty - one pcrcent ( 51%)ormore oftbeIOlalvOling power ofBMP ! 's tben - oul51anding stoc·k(other tbananysh:.rehnlder asofthedatekrN!);(0)B!\IPJ 's shareholdcrs approve aplanofmerger . OTliquidatio :] oiB!\-lPI oranagreement fOTIhesale, leaseorother transfer byS)VIPI ofallorsubstantially allofBMP ! 's assels ( oranylr.msaction having similar effect ) ; or(c)individuals whoweretheBoard 's nominees forelection asBoard membersirrunediately priortoameeting oftheshareholders ofBMPI involving acontestfOTtheelection ofBoard members, donolconstitute amajori ! ) ' oftheBoardfollowing theelection