Extraordinary Event

Extraordinary Event. Any of the following events: (i) The Company is merged, consolidated or reorganized into or with another corporation or other person and as a result of such merger, consolidation or reorganization less than 50% of the combined voting power of the then-outstanding securities of such corporation or person immediately after such transaction are held in the aggregate by the holders of voting securities of the Company immediately prior to such transaction; (ii) The Company sells all or substantially... all of its assets to any other corporation or other person and as a result of such sale less than 50% of the combined voting power of the then-outstanding voting securities of such corporation or person immediately after such transaction are held in the aggregate by the holders of voting securities of the Company immediately prior to such sale; (iii) Individuals who, as of the date hereof, constitute the directors of the Company cease for any reason to constitute at least a majority thereof unless the election or the nomination for election by the Company's stockholders of each director of the Company first elected after the date hereof was approved by a vote of at least two-thirds of the directors of the Company then still in office who were directors of the Company as of the date hereof; or 1 (iv) Dissolution of the Company under Delaware law. View More