Description of Preferred Stock. Each one-hundredth of a share of the Preferred Stock ("Preferred Share Fraction") that may be acquired upon exercise of the Rights will be nonredeemable and subordinate to any other shares of preferred stock that may be issued by the Company.
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Samples: Rights Agreement (Basic Energy Services Inc), Rights Agreement (Administaff Inc \De\), Rights Agreement (Zonagen Inc)
Description of Preferred Stock. Each one-hundredth thousandth of a share of the Preferred Stock ("Preferred Share Fraction") that may be acquired upon exercise of the Rights will be nonredeemable and subordinate to any other shares of preferred stock that may be issued by the Company.
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