Target’s Board definition
Examples of Target’s Board in a sentence
The execution, delivery and performance of this Agreement and the Ancillary Agreements to which Target is or will be a party and the consummation of the Transactions have been duly and validly authorized by Target’s Board of Directors, and no other corporate proceedings on the part of Target are necessary to authorize this Agreement and the Ancillary Agreements to which Target is or will be a party or to consummate the Transactions, other than the Target Stockholders’ Approval.
Target’s Board of Directors has unanimously approved the Merger and this Agreement.
The Target Circular shall include the recommendation of Target’s Board of Directors that Target Shareholders vote in favour of the Arrangement Resolution unless such recommendation has been withdrawn, modified or amended in accordance with the terms of this Agreement.
Each of the Plans may be amended or terminated at any time by action of Target’s Board of Directors, or a committee of such Board of Directors or duly authorized officer, in each case subject to the terms of the Plan and compliance with applicable laws and regulations.
Concurrent with the execution hereof, Target shall obtain and deliver to Purchaser an agreement in substantially the form of Exhibit 7.14 hereto from each member of Target’s Board of Directors.
By Target, if Target has received a Superior Proposal and Target’s Board of Directors has made a determination to accept such Superior Proposal.
The following actions shall become effective on Closing, with the exception as stated under “Post-Closing Matters” below: Target’s Board of Directors will be increased to three board members and initially comprised of: 2 representatives selected by BUYER and H▇▇▇▇▇ ▇.
Each member of Target’s Board of Directors (other than ▇▇▇▇▇▇▇ ▇.
If Target maintains or sponsors a plan subject to Section 401(k) of the Code, Target’s Board of Directors shall have adopted a resolution terminating such plan contingent on the Closing and effective as of at least one calendar day prior to the Effective Time.
Target’s Board of Directors has received a written opinion from Friend & Company to the effect that, as of the date of such opinions, the Exchange Ratio and the Merger Consideration is fair, from a financial point of view, to the holders of the Target Shares.