Common use of Redemption of the Rights Clause in Contracts

Redemption of the Rights. Rights will be redeemable at the Company’s option for $0.001 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Directors) public announcement that a Person has acquired beneficial ownership of 20% or more of the Company’s Common Stock (the “Shares Acquisition Date”).

Appears in 2 contracts

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

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Redemption of the Rights. Rights will be redeemable at the Company’s option for $0.001 per Right at any time on or prior to the tenth fifth day (or such later date as may be determined by a majority of the Company’s Board of Directors) after public announcement that a Person has acquired beneficial ownership of 2015% or more of the Company’s Common Stock (or with respect to Xxxxx, Xxxxx fails to comply with the “Shares Acquisition Date”Applicable Limitations).

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Natus Medical Inc)

Redemption of the Rights. Rights will be redeemable at the Company’s 's ------------------------ option for $0.001 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s 's Board of Directors) public announcement that a Person has acquired beneficial ownership of 2015% or more of the Company’s 's Common Stock (the "Shares Acquisition Date").

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Phoenix Technologies LTD)

Redemption of the Rights. Rights will be redeemable at the Company’s option for $0.001 0.01 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Directors) after public announcement that a Person person has acquired beneficial ownership of 204.9% or more of the Company’s Common Stock (the “Shares Acquisition Date”).

Appears in 1 contract

Samples: Rights Agreement (Asure Software Inc)

Redemption of the Rights. Rights will be redeemable at the Company’s 's option for $0.001 0.01 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Directors) after public announcement that a Person has acquired beneficial ownership of 2015% or more of the Company’s 's Common Stock Stock. Expiration of the Rights: -------------- The Rights expire on the earliest of (a) February 18, 2009, or (b) exchange or redemption of the “Shares Acquisition Date”)Rights as described above.

Appears in 1 contract

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

Redemption of the Rights. Rights will be redeemable at the Company’s 's option for $0.001 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Directors) public announcement that a Person has acquired beneficial ownership of 2015% or more of the Company’s 's Common Stock (the "Shares Acquisition Date"). However, if a majority of the Company's Board of Directors is elected by shareholder action by written consent, then for a period of 180 days following such election the Rights cannot be redeemed if such redemption is reasonably likely to have the purpose or effect of facilitating an acquisition of the Company by an Interested Person.

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Inktomi Corp)

Redemption of the Rights. Rights will be redeemable at the Company’s 's ------------------------ option for $0.001 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Directors) after public announcement that a Person has acquired beneficial ownership of 2015% or more of the Company’s 's Common Stock (the “Shares Acquisition Date”)Stock.

Appears in 1 contract

Samples: Rights Agreement (Concentric Network Corp)

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Redemption of the Rights. The Rights will be redeemable at the Company’s option for $0.001 per Right at any time on or prior to the tenth fifth day (or such later date as may be determined by a majority of the Company’s Board of DirectorsBoard) after public announcement that a Person person has acquired beneficial ownership of 20% fifteen percent (15%) or more of the Company’s Common Stock Shares (the “Shares Acquisition Date”).

Appears in 1 contract

Samples: Shareholder Rights Plan (Realnetworks Inc)

Redemption of the Rights. Rights will be redeemable at the Company’s 's option for $0.001 per Right at any time on or prior to the tenth fifth day (or such later date as may be determined by a majority of the Company’s 's Board of Directors) after public announcement that a Person has acquired beneficial ownership of 15% or more (or, in the case of Crosslink and certain other Persons affiliated with Crosslink, 20% or more more) of the Company’s 's Common Stock (the "Shares Acquisition Date").

Appears in 1 contract

Samples: Preferred Stock Rights Agreement (Intraware Inc)

Redemption of the Rights. Rights will be redeemable at the Company’s 's option for $0.001 per Right at any time on or prior to the tenth day (or such later date as may be determined by a majority of the Company’s Board of Continuing Directors) after public announcement that a an Acquiring Person has acquired beneficial ownership of 2015% or more of the Company’s 's Common Stock (the "Shares Acquisition Date").

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (Biopsys Medical Inc)

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