Common use of Rights Amendment Clause in Contracts

Rights Amendment. The Company Rights Agreement has been amended to provide that neither Grantee nor any Holder will become an "Acquiring Person" and that no "Stock Acquisition Date" or "Distribution Date" (as such terms are defined in the Company Rights Agreement) will occur as a result of the approval, execution or delivery of this Agreement or the Merger Agreement or the consummation of the transactions contemplated hereby and thereby, including the acquisition of shares of Issuer Common Stock by Grantee or Holder pursuant to this Agreement.

Appears in 2 contracts

Sources: Stock Option Agreement (Exel LTD), Stock Option Agreement (Nac Re Corp)