Nature of Right definition

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Virage, Inc. (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share (a "Unit") of the Preferred Stock ("Preferred Stock") of Adobe Systems Incorporated (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Extreme Networks, Inc. (the "Company").

Examples of Nature of Right in a sentence

• Summary of Terms of Stockholder Rights Agreement Nature of Right When exercisable, each Right (a “Right”) will initially entitle the holder to purchase at the Purchase Price (as defined below) one one-thousandth of a share of Series A Junior Participating Preferred Stock (“Preferred Stock”) of PJT Partners Inc.

• Nature of Right to Indemnification: The provisions of this Article IX shall be deemed to be a contract between the Corporation and each Eligible Person, and an Eligible Person's rights hereunder shall not be diminished or otherwise adversely affected by any repeal, amendment or modification of this Article IX that occurs subsequent to such person becoming an Eligible Person.

• Summary of Terms of Amended and Restated Rights Agreement Nature of Right: When exercisable, each Right (a “Right”) will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock (“Preferred Stock”) of Extreme Networks, Inc.

• Rights Agreement Nature of Right When exercisable, each Right (a “Right”) will initially entitle the holder to purchase at the Purchase Price (as defined below) one one-thousandth of a share of Series A Preferred Stock (“Preferred Stock”) of Facet Biotech Corporation (the “Company”).

More Definitions of Nature of Right

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Microtune, Inc. (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-hundredth of a share of Series A Preferred Stock ("Preferred Stock") of Garden Fresh Restaurant Corp. (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one- thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Power Integrations, Inc. (the "Company"). Means of Distribution: The Rights will be distributed to holders of the Company's outstanding Common Stock as a dividend of one Right for each share of Common Stock. The Rights will also be attached to all future issuances of Common Stock prior to the Distribution Date (as defined below). Exercisability: Rights become exercisable on the earlier of: (i) the tenth day following the date of public announcement by the Company or by any person or group (an "Acquiring Person") that such person or group has acquired beneficial ownership of 15% or more of the Company's outstanding Common Stock, or (ii) the tenth business day (unless extended by the Board prior to the time a person becomes an Acquiring Person) following the commencement, or announcement of an intention to commence, by any person or group of a tender or exchange offer which would result in such person owning 15% or more of the outstanding Common Stock of the Company (the earlier of such dates being referred to as the "Distribution Date"), provided that an Acquiring Person does not include an Exempt Person (as such term is defined in the Rights Agreement). Rights will trade separately from the Common Stock once the Rights become exercisable. Exercise Price: $150.00 per one one-thousandth of a share of Preferred Stock, which is the amount that in the judgment of the Board of Directors represents the long-term value of the Common Stock over the term of the Rights Agreement (the "Purchase Price").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-hundredth of a share of Series RP Preferred Stock ("Preferred Stock") of Anacomp, Inc. (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Agile Software Corporation (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-hundredth of a share of Series B Preferred Stock ("Preferred Stock") of SciClone Pharmaceutical, Inc. (the "Company").

Nature of Right. When exercisable, each Right (a "Right") will initially entitle the holder to purchase one one-thousandth of a share of Series A Preferred Stock ("Preferred Stock") of Nuance Communications, Inc. (the "Company").