Common use of Section 16 Clause in Contracts

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Vnus Medical Technologies Inc), Agreement and Plan of Merger (Covidien PLC), Agreement and Plan of Merger (Covidien Group S.a.r.l.)

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Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Icagen Inc), Agreement and Plan of Merger (Somanetics Corp), Agreement and Plan of Merger (Somanetics Corp)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including and related derivative securities with respect to Sharessecurities) resulting from the transactions contemplated by this Agreement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Cubist Pharmaceuticals Inc), Agreement and Plan of Merger (Adolor Corp), Agreement and Plan of Merger (Cubist Pharmaceuticals Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition of the Shares in the Offer and the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and Options in the transactions contemplated Merger by this Agreementapplicable individuals.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Orchid Cellmark Inc), Support Agreement (Monogram Biosciences, Inc.)

Section 16. The Company Company’s Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition of the Company Common Stock in the Offer and the deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated Company Common Stock, Restricted Stock and Company Options in the Merger by this Agreementapplicable individuals.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sprint Nextel Corp), Agreement and Plan of Merger (iPCS, INC)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and the transactions contemplated by this AgreementCompany Options.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Makemusic, Inc.), Agreement and Plan of Merger

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance TimeClosing Date, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Symmetry Surgical Inc.), Agreement and Plan of Merger (Symmetry Medical Inc.)

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Genzyme Corp), Agreement and Plan of Merger (Sanofi-Aventis)

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Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and Options in the transactions contemplated Merger by this Agreementapplicable individuals.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medtox Scientific Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of Shares (including derivative securities with respect to the Shares) resulting from , the transactions contemplated Options and the Company RSUs in the Merger by this Agreementapplicable individuals.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Liposcience Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this AgreementCompany Options in the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sigmatel Inc)

Section 16. The Company Board of Directors shallhas taken or will, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cubist Pharmaceuticals Inc)

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including and related derivative securities with respect to Sharessecurities) resulting from the transactions contemplated by this Agreementhereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Invuity, Inc.)

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