Definition of Pozen Change of Recommendation Notice


Pozen Change of Recommendation Notice means a written notice provided by Pozen to Tribute delivered promptly (and in any event, within twenty-four (24) hours) after the determination by the Pozen Board of Directors that (a) a Pozen Intervening Event has occurred, advising Tribute that the Pozen Board of Directors has determined that a Pozen Intervening Event has occurred and, as a result thereof, the Pozen Board of Directors intends to effect a Pozen Change of Recommendation, which written notice shall set forth in the reasonable detail the facts and circumstances related to such Pozen Intervening Event, or (b) a Pozen Superior Proposal exists, advising Tribute that Pozen has received a Pozen Superior Proposal and including written notice of the determination of the Pozen Board of Directors that such Pozen Acquisition Proposal constitutes a Pozen Superior Proposal.
Sample 1