Change in Effective Control

Example Definitions of "Change in Effective Control"
Change in Effective Control. Shall be deemed to have occurred on the date either (A) one person (or group) acquires (or has acquired during the preceding 12 months) ownership of stock of the Company possessing 30% or more of the total voting power of the Company's stock or (B) a majority of the Company's Board of Directors is replaced during any 12 month period by directors whose election is not endorsed by a majority of the members of the Company's Board of Directors prior to such election
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