Unilever Required Control
Unilever Required Control. Means, with respect to a Person, (a) (i) if a corporation, the aggregate Beneficial Ownership by Unilever NV and/or Unilever PLC of securities representing at least 80% of the Voting Stock of such Person and (ii) if a Person other than a corporation, the aggregate Beneficial Ownership by Unilever NV and/or Unilever PLC of at least 80% of the partnership or other similar voting interest, and (b) the right to elect a majority of such Person's board of directors or comparable governing body.
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Found in
DIVERSEY, INC. contract