Common use of Anti-Takeover Statutes Clause in Contracts

Anti-Takeover Statutes. The provisions of Section 203 of the General Corporation Law of the State of Delaware will not, prior to the termination of this Agreement, apply to this Agreement or the transactions contemplated hereby and thereby. The Company has taken, and will in the future take, all steps necessary to irrevocably exempt the transactions contemplated by this Agreement from any other applicable state takeover law and from any applicable charter provision containing change of control or anti-takeover provisions.

Appears in 5 contracts

Samples: Stock Option Agreement (King Pharmaceuticals Inc), Stock Option Agreement (Medco Research Inc), Stock Option Agreement (America Online Inc)

AutoNDA by SimpleDocs

Anti-Takeover Statutes. The provisions of Section 203 of the General Corporation Law of the State of Delaware will not, prior to the termination of this Agreement, apply to this Agreement or the transactions contemplated hereby and thereby. The Company has taken, and will in the future take, all steps necessary to irrevocably exempt the transactions contemplated by this Agreement from any other applicable state takeover law and from any applicable charter or contractual provision containing change of control or anti-takeover provisions.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Unitrode Corp), Stock Option Agreement (Unitrode Corp), Agreement and Plan of Merger (Benchmarq Microelectronics Inc)

Anti-Takeover Statutes. The provisions of Section 203 of the ----------------------- General Corporation Law of the State of Delaware will not, prior to the termination of this Agreement, apply to this Agreement or the transactions contemplated hereby and thereby. The Company has taken, and will in the future take, all steps necessary to irrevocably exempt the transactions contemplated by this Agreement from any other applicable state takeover law and from any applicable charter provision containing change of control or anti-takeover provisions.

Appears in 1 contract

Samples: Stock Option Agreement (Answerthink Consulting Group Inc)

AutoNDA by SimpleDocs

Anti-Takeover Statutes. The provisions of Section 203 of the General Corporation Law of the State of Delaware will not, prior to the termination of this Agreement, apply to this Agreement or the transactions contemplated hereby and thereby. The Company has taken, and will in the future take, all steps necessary to irrevocably exempt the transactions contemplated by this Agreement from any other applicable state takeover law and from any applicable charter provision containing change of control or anti-takeover provisions. 13.

Appears in 1 contract

Samples: Stock Option Agreement (Moviefone Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!