Document ID: 11507

Text:
A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Employers incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Employers securities immediately before such transaction. Excluded Person means: (i) any person described in and satisfying the conditions of Rule 13d-1(b)(1) under the Exchange Act ; ( ii) the Employer; or (iii) an employee benefit plan (or related trust) sponsored or maintained by the Employer or its successor.

Named Entities:
66
70
Regulation
76
77
Act

Tokenized Text:
A
transaction
shall
not
constitute
a
Change
in
Control
if
its
sole
purpose
is
to
change
the
state
of
the
Employers
incorporation
or
to
create
a
holding
company
that
will
be
owned
in
substantially
the
same
proportions
by
the
persons
who
held
the
Employers
securities
immediately
before
such
transaction
.
Excluded
Person
means
:
(
i
)
any
person
described
in
and
satisfying
the
conditions
of
Rule
13d-1
(
b
)
(
1
)
under
the
Exchange
Act
;
(
ii
)
the
Employer
;
or
(
iii
)
an
employee
benefit
plan
(
or
related
trust
)
sponsored
or
maintained
by
the
Employer
or
its
successor
.