Dissolution of Shareholder Relations Committee Sample Clauses

Dissolution of Shareholder Relations Committee. Loctite shall cause the Shareholder Relations Committee of the Board to be dissolved effective as of the Record Date; provided, however, that Loctite retains the right to reconstitute a committee of Disinterested Directors (as defined below) or the Outside Directors, if in the opinion of the Disinterested Directors or Outside Directors, as applicable, a need for such a committee arises. The term "Disinterested Directors" means Directors who are neither officers or employees of Loctite nor any person proposing or attempting to effect a business combination or similar transaction with Loctite (including, without limitation, a merger, tender offer or exchange offer, sale of substantially all of Loctite's assets, or liquidation of Loctite's assets), any Affiliate or Associate (as defined in Rule 12b-2 under the Exchange Act) of such person or any other person acting directly or indirectly on behalf of, or as a representative of, or in concert with, any such person, Affiliate or Associate.

Dissolution of Shareholder Relations Committee. 7 3.4 Applicability...................................................................... 7 Section 4. Right of First Refusal....................................................................... 7 Section 5.