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Mtasa cif3/7/2023 A change of control for purposes of the Agreements means the time when (i) any Person becomes an Acquiring Person, which generally means an acquisition of 20% or more the Company's common stock, or (ii) individuals who shall qualify as Continuing Directors of the Company shall have ceased for any reason to constitute at least a majority of the Board of Directors of the Company. The Agreements provide for compensation to be paid to the executives in certain situations specified in the Agreements when a change of control occurs. Woodson entered into Executive Change of Control Agreements on January 12, 2015. As part of their compensation packages, both Mr. (“Company”) recently announced the appointment of two vice presidents, Steve Dummett Vice President of Product Development and Bret Woodson Vice President of Administration.
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