Common use of Distribution Date Clause in Contracts

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 11 contracts

Samples: Shareholder Rights Plan (Realnetworks Inc), Preferred Stock Rights Agreement (Pinnacle Systems Inc), Preferred Stock Rights Agreement (Copart Inc)

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Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 7 contracts

Samples: Preferred Stock Rights Agreement (Intraware Inc), Preferred Stock Rights Agreement (Intraware Inc), Preferred Stock Rights Agreement (Internap Network Services Corp)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business (10th) day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth (10th) business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 4 contracts

Samples: Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De), Preferred Stock Rights Agreement (Genesis Microchip Inc /De)

Distribution Date. Rights The rights will separate from the Common Stock common stock and become exercisable following after (a1) a person or group acquires ownership of 15% or more of the company’s common stock or (2) the tenth 10th business day (or such later date as may be determined by the Companycompany’s Board board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directorsdirectors) after a person or group announces a tender or exchange offer, the consummation of offer which would result in ownership by a that person or group of holding 15% or more of the Companycompany’s Common Stockcommon stock.

Appears in 3 contracts

Samples: Stockholders Rights Agreement (Diana Shipping Inc.), Shareholders Rights Agreement (Genco Shipping & Trading LTD), Stockholders Rights Agreement (Diana Shipping Inc.)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s 's Board of Directors) after a person or group (a) acquires beneficial ownership of 1520% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 1520% or more of the Company’s 's Common StockStock (the "Distribution Date").

Appears in 2 contracts

Samples: Preferred Shares Rights Agreement (Looksmart LTD), Preferred Shares Rights Agreement (Ap Pharma Inc /De/)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 1520% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 1520% or more of the Company’s Common Stock.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (Digirad Corp), Preferred Stock Rights Agreement (Digirad Corp)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors) after a person or group (a) acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common StockStock (the “Distribution Date”).

Appears in 2 contracts

Samples: Preferred Shares Rights Agreement (Threshold Pharmaceuticals Inc), Preferred Shares Rights Agreement (Pumatech Inc)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s 's Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s 's Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 2 contracts

Samples: Preferred Stock Rights Agreement (Sigma Designs Inc), Preferred Stock Rights Agreement (Commerce One Inc / De/)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors) after a person or group acquires beneficial ownership of 1520% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 1520% or more of the Company’s Common Stock.

Appears in 2 contracts

Samples: Preferred Share Rights Agreement (Phoenix Technologies LTD), Preferred Share Rights Agreement (Phoenix Technologies LTD)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s 's Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 1510% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Inktomi Corp)

Distribution Date. Rights will separate from the Common Stock Shares and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock Shares or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common StockShares.

Appears in 1 contract

Samples: Rights Agreement (Amtech Systems Inc)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of DirectorsDirectors of the Company) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of DirectorsDirectors of the Company) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (infoGROUP Inc.)

Distribution Date. Rights The rights will separate from the Common Stock common stock and become exercisable following after (a1) a person or group acquires ownership of 15% or more of the company's common stock or (2) the tenth 10th business day (or such later date as may be determined by the Companycompany’s Board board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directorsdirectors) after a person or group announces a tender or exchange offer, the consummation of offer which would result in ownership by a that person or group of holding 15% or more of the Company’s Common Stockcompany's common stock.

Appears in 1 contract

Samples: Shareholders Rights Agreement (Genco Shipping & Trading LTD)

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Distribution Date. Rights will separate from the Common Stock and ----------------- become exercisable following (a) the tenth business day (or such later date as may be determined deter mined by a majority of the Company’s Board of Directors not affiliated with the acquiring person or group (the "Continuing Directors")) after a person or group (a) acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Rights Agreement (Netframe Systems Inc)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Digital Impact Inc /De/)

Distribution Date. Rights will separate from the Common Stock and become exercisable ------------------ following (a) the tenth business day (or such later date as may be determined by a majority the Company’s 's Board of Directors) after a person or group (a) acquires beneficial ownership of 1520% or more of the Company’s 's Common Stock Stock, or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 1520% or more of the Company’s 's Common StockStock (the "DISTRIBUTION DATE").

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Preview Travel Inc)

Distribution Date. Rights will separate from the Common Stock and become ----------------- exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group group, other than an Exempted Party, as defined below, acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s 's Board of Directors) after a person or group group, other than Exempted Party, announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (American Business Information Inc /De)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Trimble Navigation LTD /Ca/)

Distribution Date. Rights will separate from the Common Stock and become ----------------- exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s 's Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by a majority of the Company’s 's Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Phoenix Technologies LTD)

Distribution Date. Rights will separate from the Common Stock and become exercisable following (a) the tenth business day (or such later date as may be determined by a majority of the Company’s Board of Directors not affiliated with the acquiring person or group (the "Continuing Directors")) after a person or group (a) acquires beneficial ownership of 15% or more of the Company’s 's Common Stock or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s 's Common Stock.

Appears in 1 contract

Samples: Exhibit 1 (Maxxim Medical Inc)

Distribution Date. Rights will separate from the Common Stock Shares and become exercisable following (a) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group acquires beneficial ownership of 15% or more of the Company’s Common Stock Shares or (b) the tenth business day (or such later date as may be determined by the Company’s Board of Directors) after a person or group announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 15% or more of the Company’s Common Stock.

Appears in 1 contract

Samples: Preferred Share Rights Agreement (Cost Plus Inc/Ca/)

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