Profound Rights Plan definition

Profound Rights Plan means the shareholder protection rights plan agreement made as of March 30, 2009 between Profound and Valiant Trust Company;
Sample 1

Examples of Profound Rights Plan in a sentence

  • Completion of a transaction in or pursuant to which a person becomes an Acquiring Person (subject to certain exceptions, including acquisitions pursuant to a “Permitted Bid” and the grandfathering of existing holders of 20% or more of the Profound Shares until such time as they acquire an additional 0.25% of the Profound Shares) constitutes a “Flip-in Event” (as such term is defined under the Profound Rights Plan).

  • Pursuant to the Profound Rights Plan, each outstanding Profound Share also represents one Right.

  • Ten (10) trading days after the occurrence of a “Flip-in Event”, each Right (other than Rights held by an Acquiring Person or a transferee of an Acquiring Person) will permit the holders thereof to purchase at an exercise price of $50 that number of Profound Shares having an aggregate market price on the date of the “Flip-in Event” equal to $100, subject to adjustment in accordance with the terms of the Profound Rights Plan.

  • The Profound Rights Plan allows for take-over bids by way of “Permitted Bid” which requires, among other things, that the take-over bid must be outstanding for a minimum period of 35 days.

  • SHAREHOLDER RIGHTS PLAN Profound implemented the Profound Rights Plan on March 30, 2009.

  • The Profound Board may, prior to the occurrence of a “Flip-in Event”, waive the application of the Profound Rights Plan to a particular “Flip-in Event”.

Related to Profound Rights Plan

  • Rights Plan means a plan of the Company providing for the issuance by the Company to all holders of its Common Stock of rights entitling the holders thereof to subscribe for or purchase shares of any class or series of capital stock of the Company which rights (i) are deemed to be transferred with such shares of such Common Stock and (ii) are also issued in respect of future issuances of such Common Stock, in each case until the occurrence of a specified event or events.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016 as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Parent Option means an option to purchase shares of Parent Common Stock.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Shareholders Agreement has the meaning set forth in the recitals.

  • Shareholder Agreement has the meaning set forth in the Recitals.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Company Stock Option Plans means the Company’s 2000 Employee Stock Option Plan, 1997 Employee Stock Option Plan and 1995 Stock Option Plan, in each case as amended.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.