Alternative Acquisition Proposal Clause Samples

Alternative Acquisition Proposal. The Company receives an offer -------------------------------- with respect to an Acquisition Proposal and the Board of Directors of the Company, in the exercise of its fiduciary duties as advised by outside counsel to the Company, determines to recommend such Acquisition Proposal to the Company's stockholders; provided that the Company (i) shall to the extent -------- consistent with its Board's fiduciary obligations notify Purchaser and Merger Sub and shall provide a reasonably detailed summary of the terms thereof within 24 hours of receipt of such Acquisition Proposal, and (ii) shall notify Purchaser and Merger Sub promptly of its intention to recommend such Acquisition Proposal to the Company's shareholders.