Subsidiary Definition Example

Subsidiary. Means a corporation or other entity of which outstanding shares or ownership interests representing 50% or more of the combined voting power of such corporation or other entity entitled to elect the management thereof, or such lesser percentage as may be approved by the Committee, are owned directly or indirectly by the Company. Notwithstanding the foregoing, for purposes of the grant of any Incentive Stock Option, "Subsidiary" means any subsidiary corporation of the Company within the meaning... of Section 424(f) of the Code. View More