Actions by Directors. For purposes of Article X hereof, no action taken by the Board of Directors prior to the Merger shall be effective unless such action is approved by the affirmative vote of at least a majority of the directors of Company who are not Parent Insiders.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Transitional Hospitals Corp), Agreement and Plan of Merger (Transitional Hospitals Corp), Agreement and Plan of Merger (Transitional Hospitals Corp)
Actions by Directors. For purposes of Article X hereofIX and Sections 10.3 and 10.4, no action taken by the Board of Directors prior to the Merger shall be effective unless such action is approved by the affirmative vote of at least a majority of the directors of the Company who are not Parent Purchaser Insiders.. ARTICLE V
Appears in 3 contracts
Samples: Agreement and Plan of Merger Agreement and Plan of Merger (Vencor Inc), Agreement and Plan of Merger Agreement and Plan of Merger (Theratx Inc /De/), Agreement and Plan of Merger Agreement and Plan of Merger (Theratx Inc /De/)
Actions by Directors. For purposes of Article X hereofX, no action taken by the Board of Directors of the Company prior to the Merger shall be effective unless such action is approved by the affirmative vote of at least a majority of the directors of the Company who which are not Parent Insidersofficers of Acquiror or designees, stockholders or affiliates of Acquiror.
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