Document ID: 1893

Text:
(1) The acquisition (other than by an Excluded Person (as hereinafter defined)), directly or indirectly, in one or more transactions, by any person or by any group of persons, within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934 , as amended from time to time (the Exchange Act ) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act ) of more than fifty percent ( 50% ) of either the outstanding shares of common stock or the combined voting power of the Employers outstanding voting securities entitled to vote generally, whether or not the acquisition was previously approved by the existing directors, other than an acquisition that complies with clause (x) and (y) of clause (2) below;

Named Entities:
55
59
Act
69
70
Act
80
83
Regulation
86
87
Act
95
96
Percentage

Tokenized Text:
(
1
)
The
acquisition
(
other
than
by
an
Excluded
Person
(
as
hereinafter
defined
)
)
,
directly
or
indirectly
,
in
one
or
more
transactions
,
by
any
person
or
by
any
group
of
persons
,
within
the
meaning
of
Section
13
(
d
)
or
14
(
d
)
of
the
Securities
Exchange
Act
of
1934
,
as
amended
from
time
to
time
(
the
Exchange
Act
)
of
beneficial
ownership
(
within
the
meaning
of
Rule
13d
-
3
of
the
Exchange
Act
)
of
more
than
fifty
percent
(
50
%
)
of
either
the
outstanding
shares
of
common
stock
or
the
combined
voting
power
of
the
Employers
outstanding
voting
securities
entitled
to
vote
generally
,
whether
or
not
the
acquisition
was
previously
approved
by
the
existing
directors
,
other
than
an
acquisition
that
complies
with
clause
(
x
)
and
(
y
)
of
clause
(
2
)
below
;