Early Career: 1995 to 2000: Associate — Questor Management Company, LLC Analyzed and provided financing alternatives for highly leveraged mergers / acquisitions, leveraged buy - outs and
change of control transactions for the following: 1999 to 2000: Acting Chief Financial Officer — Dermpath / PathSOURCE 1996 to 1996: Acting Chief Financial Officer / President — Schwinn Cycling & Fitness
He has significant experience representing boards of directors and special board committees in connection with significant corporate transactions, complex related party transactions, disputes with major shareholders, solicited and unsolicited
change of control transactions and corporate governance matters generally.
Employment Contracts in
Change of Control Transactions: Dos, Don'ts, Tricks and Traps, MBA Continuing Legal Education, 2015, Tamsin R. Kaplan (co-chair)
In addition to a voluntary dissolution, SSE Holdings will be dissolved upon
a change of control transaction under certain circumstances, as well as upon the entry of a decree of judicial dissolution or other circumstances in accordance with Delaware law.
However, the deferred tax payable account can never be worth as much as tax paid retained earnings (part of net worth) because the tax may someday become payable, especially if the company engages in resource conversion activity, such as being acquired in
a change of control transaction.
Not exact matches
The Program Agreement with HSBC included a
change of control provision that would permit us to terminate such agreement following a
change of control of HSBC, which occurred upon closing
of the Capital One
transaction.
While the pace
of change is exciting for innovators and market makers, it causes enormous friction for traditional institutions who
control financial services today, as well as for regulators who are grappling with rules that were not meant to govern financial
transactions using the latest technologies.
Under the 2017 Plan, a
change in
control is defined to include (1) the acquisition by any person or company
of more than 50 %
of the combined voting power
of our then outstanding stock, (2) a merger, consolidation, or similar
transaction in which our stockholders immediately before the
transaction do not own, directly or indirectly, more than 50 %
of the combined voting power
of the surviving entity (or the parent
of the surviving entity), (3) a sale, lease, exclusive license, or other disposition
of all or substantially all
of our assets other than to an entity more than 50 %
of the combined voting power
of which is owned by our stockholders, and (4) an unapproved
change in the majority
of the board
of directors.
Factors that could cause actual results to differ materially from those expressed or implied in any forward - looking statements include, but are not limited to:
changes in consumer discretionary spending; our eCommerce platform not producing the anticipated benefits within the expected time - frame or at all; the streamlining
of the Company's vendor base and execution
of the Company's new merchandising strategy not producing the anticipated benefits within the expected time - frame or at all; the amount that we invest in strategic
transactions and the timing and success
of those investments; the integration
of strategic acquisitions being more difficult, time - consuming, or costly than expected; inventory turn;
changes in the competitive market and competition amongst retailers;
changes in consumer demand or shopping patterns and our ability to identify new trends and have the right trending products in our stores and on our website;
changes in existing tax, labor and other laws and regulations, including those
changing tax rates and imposing new taxes and surcharges; limitations on the availability
of attractive retail store sites; omni - channel growth; unauthorized disclosure
of sensitive or confidential customer information; risks relating to our private brand offerings and new retail concepts; disruptions with our eCommerce platform, including issues caused by high volumes
of users or
transactions, or our information systems; factors affecting our vendors, including supply chain and currency risks; talent needs and the loss
of Edward W. Stack, our Chairman and Chief Executive Officer; developments with sports leagues, professional athletes or sports superstars; weather - related disruptions and seasonality
of our business; and risks associated with being a
controlled company.
In the event
of a
change of control (as defined in the plan), the compensation committee may, in its discretion, provide for any or all
of the following actions: (i) awards may be continued, assumed, or substituted with new rights, (ii) awards may be purchased for cash equal to the excess (if any)
of the highest price per share
of common stock paid in the
change in
control transaction over the aggregate exercise price
of such awards, (iii) outstanding and unexercised stock options and stock appreciation rights may be terminated, prior to the
change in
control (in which case holders
of such unvested awards would be given notice and the opportunity to exercise such awards), or (iv) vesting or lapse
of restrictions may be accelerated.
These provisions in our amended and restated certificate
of incorporation and amended and restated bylaws may discourage, delay or prevent a
transaction involving a
change in
control of our company that is in the best interest
of our minority stockholders.
By: Henry Lazenby 12th August 2016 Johannesburg - based Omnia Holdings has submitted a letter to the TSX - V asking it to consider denying or repricing a proposed
change -
of -
control transaction through which Société Anonyme d'Explosifs et de Produits Chimiques (EPC) intends to take Canadian firm Nordex Explosives private.
It also takes advantage
of a hybrid proof -
of - work and proof -
of - stake mining system so that a small group can not take
control of the flow
of transactions or
changes made to it, without the community's consent.
The project wants to build an open and progressive cryptocurrency with a system
of community - based governance integrated into its blockchain, including a hybrid consensus system to ensure that no group can
control the flow
of transactions or make
changes to the currency without the input
of the community.
The prospect
of losing valued Company employees in connection with a
change in
control could reduce the value
of the Company to an acquirer and could thus reduce the amount current shareholders would realize in the
transaction.
As part
of this constitutional
change, the Assembly will have partial
control of income tax in addition to full
control of a number
of other taxes: the Land
Transaction Tax (which will replace Stamp Duty in Wales) and Landfill Disposals Tax.
Amazon won't
change their royalty structure (and excuse me for using that word, but it is the one they use, and most indies use to describe the
transaction taking place) until they
control a significant portion
of the market, which means it's possible they may never reach that size.
Such statements reflect the current views
of Barnes & Noble with respect to future events, the outcome
of which is subject to certain risks, including, among others, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated with data privacy, information security and intellectual property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects
of competition, possible risks that inventory in channels
of distribution may be larger than able to be sold, possible risks associated with
changes in the strategic direction
of the device business, including possible reduction in sales
of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that returns from consumers or channels
of distribution may be greater than estimated, the risk that digital sales growth is less than expectations and the risk that it does not exceed the rate
of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance
of Barnes & Noble's online, digital and other initiatives, the success
of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, the potential adverse impact on the Company's businesses resulting from the Company's prior reviews
of strategic alternatives and the potential separation
of the Company's businesses, the risk that the
transactions with Microsoft and Pearson do not achieve the expected benefits for the parties or impose costs on the Company in excess
of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution
of those applications is not achieved, risks associated with the international expansion contemplated by the relationship with Microsoft, including that it is not successful or is delayed, the risk that NOOK Media is not able to perform its obligations under the Microsoft and Pearson commercial agreements and the consequences thereof, risks associated with the restatement contained in, the delayed filing
of, and the material weakness in internal
controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated with the ongoing efforts to rationalize the NOOK business and the expected costs and benefits
of such efforts and associated risks and other factors which may be outside
of Barnes & Noble's
control, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.
None
of these companies have disclosed how the shares
changed hands in those
transactions since the initial purchase in 2006, but Spalding remains the majority shareholder and
controls the business.
Such statements reflect the current views
of Barnes & Noble with respect to future events, the outcome
of which is subject to certain risks, including, among others, the effect
of the proposed separation
of NOOK Media, the general economic environment and consumer spending patterns, decreased consumer demand for Barnes & Noble's products, low growth or declining sales and net income due to various factors, possible disruptions in Barnes & Noble's computer systems, telephone systems or supply chain, possible risks associated with data privacy, information security and intellectual property, possible work stoppages or increases in labor costs, possible increases in shipping rates or interruptions in shipping service, effects
of competition, possible risks that inventory in channels
of distribution may be larger than able to be sold, possible risks associated with
changes in the strategic direction
of the device business, including possible reduction in sales
of content, accessories and other merchandise and other adverse financial impacts, possible risk that component parts will be rendered obsolete or otherwise not be able to be effectively utilized in devices to be sold, possible risk that financial and operational forecasts and projections are not achieved, possible risk that returns from consumers or channels
of distribution may be greater than estimated, the risk that digital sales growth is less than expectations and the risk that it does not exceed the rate
of investment spend, higher - than - anticipated store closing or relocation costs, higher interest rates, the performance
of Barnes & Noble's online, digital and other initiatives, the success
of Barnes & Noble's strategic investments, unanticipated increases in merchandise, component or occupancy costs, unanticipated adverse litigation results or effects, product and component shortages, risks associated with the commercial agreement with Samsung, the potential adverse impact on the Company's businesses resulting from the Company's prior reviews
of strategic alternatives and the potential separation
of the Company's businesses (including with respect to the timing
of the completion thereof), the risk that the
transactions with Pearson and Samsung do not achieve the expected benefits for the parties or impose costs on the Company in excess
of what the Company anticipates, including the risk that NOOK Media's applications are not commercially successful or that the expected distribution
of those applications is not achieved, risks associated with the international expansion previously undertaken, including any risks associated with a reduction
of international operations following termination
of the Microsoft commercial agreement, the risk that NOOK Media is not able to perform its obligations under the Pearson and Samsung commercial agreements and the consequences thereof, the risks associated with the termination
of Microsoft commercial agreement, including potential customer losses, risks associated with the restatement contained in, the delayed filing
of, and the material weakness in internal
controls described in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended April 27, 2013, risks associated with the SEC investigation disclosed in the quarterly report on Form 10 - Q for the fiscal quarter ended October 26, 2013, risks associated with the ongoing efforts to rationalize the NOOK business and the expected costs and benefits
of such efforts and associated risks and other factors which may be outside
of Barnes & Noble's
control, including those factors discussed in detail in Item 1A, «Risk Factors,» in Barnes & Noble's Annual Report on Form 10 - K for the fiscal year ended May 3, 2014, and in Barnes & Noble's other filings made hereafter from time to time with the SEC.
These considerations include
changes in exchange rates and exchange
control regulations, political and social instability, expropriation, imposition
of foreign taxes, less liquid markets and less available information than is generally the case in the United States, higher
transaction costs, foreign government restrictions, less government supervision
of exchanges, brokers and issuers, greater risks associated with counterparties and settlement, difficulty in enforcing contractual obligations, lack
of uniform accounting and auditing standards and greater price volatility.
Tools like Legal Suite display the complete
transaction history so users can see exactly what was agreed and when, along with what was rejected at each stage — allowing in - house teams to keep
control of their negotiations, doing deals more quickly and on more favourable terms, even in the event
of personnel
changes.
a. the legal enforceability
of restrictive covenants; b. the legal parameters relating to wrongful termination, constructive dismissal or other similar concepts affecting an employee's entitlement to severance on termination
of employment; c. any special employment laws that apply in connection with a
change in
control or other type
of corporate
transaction (e.g., an executive's entitlement to severance or the mechanism by which an executive's employment may transfer to a corporate acquirer); and d. other labour - related laws (such as laws related to unions or works councils) that may affect the employment relationship in a particular jurisdiction.
M&A Litigation — We represent both targets and bidders in litigation and in securities commission proceedings in connection with
change -
of -
control transactions, including poison pill and other proceedings before securities regulators and courts.
• Provided support to global sales offices by managing, drafting, reviewing, redlining, and negotiating both standard and non-standard agreements including nondisclosure, professional services, independent contractor, manufacturing, software licensing (both on premise and SaaS), customer / sales, supplier, joint development, and distributor contracts • Maintained contractual records and documentation, such as receipt and
control of all contract correspondence, customer contact information sheets, contractual
changes, and other documents for all projects • Worked with risk management department to coordinate contractual insurance requirements • Worked with finance department to insure adherence to broader finance and risk requirements such as revenue recognition, pricing and discounting policies and other relevant requirements • Worked with relevant sales and business team and advise regarding legal issues and risks related to various business
transactions • Ensured proper completion
of a wide variety
of agreements • Monitored compliance by company employees with established procedures • Ensured that signed contracts are communicated to all relevant parties to provide contract visibility and awareness
At each
of the aforementioned points the company has essentially been put into play, and a
change - in -
control transaction will occur.
• Assisted facility managers in maintaining daily operations
of parking facilities • Guided guests in the use
of automated revenue
control systems such as ticket dispensers and pay stations • Collected and categorized parking ticket
transactions in accordance to the company's protocols • Retrieved customers» vehicles from parking areas and hand them over after ensuring appropriate identification • Handled cashiering duties by accepting payments in exchange
of rendered services and issuing
change and receipts • Assisted customers in handling problems with their vehicles including tire
changes and jum starts
The Buyer acknowledges that it is his responsibility to do his own due diligence regarding any anomalies that may be associated with the subject property, such as but not limited to: the location
of half - way houses, group homes, child molesters, grow houses, sewage treatment plants, plans for highway expansions, road widenings, locations
of fire hydrants, proposed plazas or other retail property, proposed dump sites and such other issues that may impact future value (s)
of the subject property, beside, behind, in the foreground
of, or in any position that may impact value (s), including but not limited to: any
change or increase in taxes due to Current Market Value Assessment alterations or
changes of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the
control of the Realtor (s) involved in the
transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Company.
Commenters explained that $ 100 was inadequate because it was not proportional to the
transaction, did not account for inflation, or the variety
of factors that can cause settlement costs to
change within three to six business days before consummation and that are out
of the creditor's or the settlement agent's
control.