Definition of Pozen Stockholder Approval


Pozen Stockholder Approval means adoption of this Agreement by affirmative vote or consent of Pozen Stockholders holding a majority of the Pozen Common Shares outstanding and entitled to vote.
Sample 1

Examples of Pozen Stockholder Approval in a sentence

Pozen has the requisite corporate power, authority and capacity to enter into this Agreement and (subject to obtaining the Pozen Stockholder Approval and the Required Regulatory Approvals, all as contemplated in this Agreement) to perform its obligations hereunder and to complete the transactions contemplated by this Agreement.
The execution and delivery of this Agreement and the completion by Pozen of the transactions contemplated by this Agreement have been duly authorized by the Pozen Board of Directors and no other corporate proceedings on the part of Pozen are necessary to authorize the execution and delivery by it of this Agreement or, subject to obtaining the Pozen Stockholder Approval as contemplated in this Agreement, the completion by Pozen of the transactions contemplated by this Agreement.
The only vote of the stockholders of Pozen required to adopt this Agreement and approve the Merger is the Pozen Stockholder Approval.