Subsidiary

Subsidiary. A corporation (or other form of business association) of which shares (or other ownership interests) having 50% or more of the voting power regularly entitled to vote for directors (or equivalent management rights) are owned, directly or indirectly, by the Company.

Subsidiary. For purposes of this Agreement, "subsidiary" means any corporation of which more than 50% of the outstanding voting securities is owned directly or indirectly by PNCL, by PNCL and one or more other subsidiaries, or by one or more other subsidiaries.

Subsidiary. Means any corporation of which the Company or a Subsidiary owns 50% or more of the combined voting power of all classes of stock unless the Board determines that such corporation shall not be a "Subsidiary" for purposes hereof. Only subsidiaries that satisfy the requirements of Section 424(f) of the Code shall be entitled to participate in the Plan.

Subsidiary. Means any present or future "subsidiary corporation" of the Company, as such term is defined in Section 425(f) of the Code, which the Board has elected to be covered by the Plan. Where applicable, the terms used in this Plan with reference to Options have the same meanings as the terms used in the Code.

Subsidiary. Means, as to any Legal Entity, any other Legal Entity of 1which at least (i) 50% of the equity and (ii) 50% of the voting interests are owned, directly or indirectly, by such first Legal Entity.

Subsidiary. Shall have the same definition as "subsidiary corporation" in Section 424(f) of the Code, and shall also include an unincorporated entity that would qualify as a "subsidiary corporation" if it had been incorporated (based on the percentage ownership in capital or profits).

Subsidiary. Shall mean any domestic or foreign corporation, if at least 50% of the total combined voting power of all classes of stock is owned directly or indirectly by the Company, or any partnership or other unincorporated entity, if at least 50% of the capital or profits interest is owned directly or indirectly by the Company.

Subsidiary. Shall have the meaning set forth in the Purchase Agreement.

Subsidiary. Means a company 50 percent or more of the voting securities of which are owned, directly or indirectly, by the Company.

Subsidiary. Shall mean any corporation which at the time of the granting of an Option qualifies as a subsidiary of the Company under the definition of "subsidiary corporation" in Section 425(f) of the Code, or any similar provision hereinafter enacted.