Document ID: 14170

Text:
| (b)| Change in Control shall be deemed to have occurred if (i) any person (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 , as amended (the Act)), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of stock of the Company (collectively excluded persons), is or becomes the Beneficial Owner (as defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 30% or more of the total voting power represented by the Companys then outstanding Voting Securities, or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Companys shareholders was approved by a vote of at least two-thirds ( 2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board, or (iii) a merger or consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the shareholders of the Company or their relative stock holdings), or (iv) a merger in which the Company is the surviving corporation but after which the shareholders of the Company immediately prior to such merger (other than any shareholder that merges, or which owns or controls another corporation that merges with the Company in such merger) cease to own their shares or other equity interest in the Company, or (v) in the event of a dissolution or liquidation of the Company, or (vi) the sale or disposition (in one transaction or a series of transactions) of all or substantially all of the Companys assets, or (vii) the acquisition, sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar transaction. ---|---|---

Named Entities:
39
43
Act
112
113
Regulation
129
130
Percentage
197
200
Ratio
426
427
Percentage

Tokenized Text:
|
(
b
)
|
Change
in
Control
shall
be
deemed
to
have
occurred
if
(
i
)
any
person
(
as
such
term
is
used
in
Sections
13
(
d
)
and
14
(
d
)
of
the
Securities
Exchange
Act
of
1934
,
as
amended
(
the
Act
)
)
,
other
than
a
trustee
or
other
fiduciary
holding
securities
under
an
employee
benefit
plan
of
the
Company
or
a
corporation
owned
directly
or
indirectly
by
the
shareholders
of
the
Company
in
substantially
the
same
proportions
as
their
ownership
of
stock
of
the
Company
(
collectively
excluded
persons
)
,
is
or
becomes
the
Beneficial
Owner
(
as
defined
in
Rule
13d-3
under
the
Act
)
,
directly
or
indirectly
,
of
securities
of
the
Company
representing
30
%
or
more
of
the
total
voting
power
represented
by
the
Companys
then
outstanding
Voting
Securities
,
or
(
ii
)
during
any
period
of
two
consecutive
years
,
individuals
who
at
the
beginning
of
such
period
constitute
the
Board
and
any
new
director
whose
election
by
the
Board
or
nomination
for
election
by
the
Companys
shareholders
was
approved
by
a
vote
of
at
least
two-thirds
(
2
/
3
)
of
the
directors
then
still
in
office
who
either
were
directors
at
the
beginning
of
the
period
or
whose
election
or
nomination
for
election
was
previously
so
approved
,
cease
for
any
reason
to
constitute
a
majority
of
the
Board
,
or
(
iii
)
a
merger
or
consolidation
in
which
the
Company
is
not
the
surviving
corporation
(
other
than
a
merger
or
consolidation
with
a
wholly-owned
subsidiary
,
a
reincorporation
of
the
Company
in
a
different
jurisdiction
,
or
other
transaction
in
which
there
is
no
substantial
change
in
the
shareholders
of
the
Company
or
their
relative
stock
holdings
)
,
or
(
iv
)
a
merger
in
which
the
Company
is
the
surviving
corporation
but
after
which
the
shareholders
of
the
Company
immediately
prior
to
such
merger
(
other
than
any
shareholder
that
merges
,
or
which
owns
or
controls
another
corporation
that
merges
with
the
Company
in
such
merger
)
cease
to
own
their
shares
or
other
equity
interest
in
the
Company
,
or
(
v
)
in
the
event
of
a
dissolution
or
liquidation
of
the
Company
,
or
(
vi
)
the
sale
or
disposition
(
in
one
transaction
or
a
series
of
transactions
)
of
all
or
substantially
all
of
the
Companys
assets
,
or
(
vii
)
the
acquisition
,
sale
,
or
transfer
of
more
than
50
%
of
the
outstanding
shares
of
the
Company
by
tender
offer
or
similar
transaction
.
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