Common use of Board and Shareholder Approval Clause in Contracts

Board and Shareholder Approval. The Board of Directors of Parent has (i) approved this Agreement and the Merger, and (ii) determined that the Merger is in the best interests of the shareholders of Parent and is on terms that are fair to such shareholders. No action is necessary on the part of the shareholders of Parent in connection with this Agreement or the Merger.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Novellus Systems Inc), Agreement and Plan of Reorganization (Speedfam Ipec Inc), Agreement and Plan of Merger and Reorganization (Novellus Systems Inc)

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Board and Shareholder Approval. The Board of Directors of Parent ------------------------------ has (i) approved this Agreement and the Merger, and (ii) determined that the Merger is in the best interests of the shareholders of Parent and is on terms that are fair to such shareholders. No action is necessary on the part of the shareholders of Parent in connection with this Agreement or the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Gasonics International Corp)

Board and Shareholder Approval. The Board Boards of Directors of Parent has ------------------------------ and Merger Sub have (i) approved this Agreement and the Merger, and (ii) determined that the Merger is in the best interests of the their respective shareholders of Parent and is on terms that are fair to such shareholders. No action is necessary on the part of the , and (iii) resolved to recommend that their respective shareholders of Parent in connection with approve this Agreement or and the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Cardiotech International Inc)

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Board and Shareholder Approval. The Board Boards of Directors of Parent has and ------------------------------ Merger Sub have (i) approved this Agreement and the Merger, and (ii) determined that the Merger is in the best interests of the their respective shareholders of Parent and is on terms that are fair to such shareholders. No action is necessary on the part of the , and (iii) resolved to recommend that their respective shareholders of Parent in connection with approve this Agreement or and the Merger.

Appears in 1 contract

Samples: Voting Agreement (Gish Biomedical Inc)

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