Unauthorized Proposal. During the Voting Period, ▇▇▇▇▇▇▇ shall not, directly or indirectly (including through agents or attorneys or affiliated entities), provide assistance, information, encouragement or advice (including by way of furnishing nonpublic information) to any third party in connection with any vote, consent, approval or action to be taken by the Company’s stockholders that has not been formally recommended by a majority of the Board (acting as such), or take any other action to facilitate a vote, consent or other approval of the Company’s stockholders on any matter (or director nomination) not formally recommended by a majority of the Board (acting as such) (an “Unauthorized Proposal”), including, without limitation, the solicitation of proxies for a matter (or director nomination) to be voted upon by the Company’s stockholders and not formally recommended by a majority of the Board (acting as such). During the Voting Period, ▇▇▇▇▇▇▇ shall not, directly or indirectly (including through agents or attorneys or affiliated entities) have any communications with any third parties with respect to (or that could reasonably be expected to lead to) an Unauthorized Proposal. Notwithstanding anything to the contrary contained in the foregoing, ▇▇▇▇▇▇▇ shall not be prohibited from (a) voting the ▇▇▇▇▇▇▇ Shares in a manner that does not result in a violation of Section 2.2, or (b) (i) making any non-public statement to any officer or director of the Company or (ii) taking any action or making any other statement to the extent required by any applicable law, rule, regulation or legal process; provided, that ▇▇▇▇▇▇▇ provides the Company with reasonable advance notice, to the extent legally permissible, of the requirement to take such action or make such statement and, at the Company’s reasonable request and expense, uses commercially reasonable efforts to assist the Company with taking whatever measures may be at ▇▇▇▇▇▇▇’▇ or the Company’s disposal to prevent the taking of such action or making of such statement or to secure confidential treatment with respect to such statement.
Appears in 2 contracts
Sources: Board Candidate Agreement (U.S. Auto Parts Network, Inc.), Board Candidate Agreement (Maguire Asset Management, LLC)