Change of Control of the Company

Change of Control of the Company. Shall be deemed to have occurred if (i) any "Person" (as used in Section 13(d) and 14(d) of the Exchange Act) is or becomes (except in a transaction approved in advance by the Board of Directors) the beneficial owner (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company's then outstanding securities or (ii) during any period of two consecutive years, individuals who at the... beginning of such period constitute the Board of Directors cease for any reason to constitute at least a majority thereof unless the election of each director who was not a director at the beginning of the period was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period. View More