Grandfathered Person

Grandfathered Person. Shall mean Sigma Tau Finanziaria S.p.A., together with its Affiliates and Associates, provided that such Person shall cease to be a Grandfathered Person at such time as such Person ceases to beneficially own in excess of 15% of the Company's Common Stock.

Grandfathered Person. Shall mean each of the Persons listed in Schedule A-1 hereto together with (i) any other Persons wholly-owned by one or more of the Persons listed on Schedule A-1 and (ii) any trusts the beneficiaries of which are comprised solely of one or more of the Persons listed on Schedule A-1 and/or one or more of the Persons referred to in subclause (i); provided that any such Person shall cease to be a Grandfathered Person at such time as both (A) such Person, together with and all other Grandfathered... Persons, ceases to beneficially own, in the aggregate, in excess of 20% of the Company's outstanding Common Stock, and (B) the number of shares of Company Common Stock which have been the subject of dispositions (other than to other Grandfathered Persons) by Grandfathered Persons between the date of this Agreement and the first occurrence of an event resulting in the applicability of subclause (A) represent, in the aggregate, at least 40% of the total number of shares of Company Common Stock of which all Grandfathered Persons, in the aggregate, have Beneficial Ownership as of the date of this Agreement, as set forth on Schedule A-1. View More