Rule 16b-3 Actions. Parent, Merger Sub and the Company shall take all commercially reasonable actions as may be required to cause any dispositions of equity securities of the Company or acquisitions of equity securities of Parent by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.
Appears in 4 contracts
Samples: Agreement and Plan of Merger and Reorganization (Electro Scientific Industries Inc), Agreement and Plan of Merger and Reorganization (Zygo Corp), Agreement and Plan of Merger (Chaparral Steel CO)
Rule 16b-3 Actions. Parent, Merger Sub and the Company shall take all commercially reasonable actions as may be required to cause any dispositions of equity securities of the Company or acquisitions of equity securities of Parent resulting from the transactions contemplated by this Agreement by each individual who is a director or officer subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Brink's Home Security Holdings, Inc.), Agreement and Plan of Merger (Tyco International LTD /Ber/)
Rule 16b-3 Actions. Prior to the Effective Time, Parent, Merger Acquisition Sub and the Company shall take all commercially reasonable actions as may be required to cause any dispositions of equity securities of the Company or acquisitions of equity securities of Parent resulting from the transactions contemplated by this Agreement by each individual who is a director or officer of the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.
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