Common use of Separation Time Clause in Contracts

Separation Time. Rights will separate from the Common Stock and become exercisable following the earlier of (i) the date of the Flip-in Trigger referred to below or (ii) the tenth business day (or generally such later date as the Board may decide) after any person commences a tender offer that would result in such person holding a total of 28% or more of the Common Stock.

Separation Time. Rights will separate from the Common Stock and become exercisable following the earlier of (i) the date of the Flip-in In Trigger referred to below or (ii) the tenth business day (or generally such later date day as the Board may decide) after any person commences a tender offer that would result in such person holding a total of 2815% or more of the Common Stock.