Common use of Section 16b-3 Clause in Contracts

Section 16b-3. Prior to the Effective Time, CIBER and SCB shall take all such steps as may be required to cause any dispositions of capital stock of CIBER and SCB (including derivative securities thereof) resulting from the transactions contemplated by this Agreement by each individual who is subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to SCB to be exempt under Rule 16b-3 of the 1934 Act.

Appears in 2 contracts

Sources: Merger Agreement (Ciber Inc), Merger Agreement (Ciber Inc)