Dividend Coordination. After the date of this Agreement, notwithstanding anything to the contrary contained in Section 5.1(b) or Section 6.1(b), each of Parent and the Company shall coordinate with the other with respect to the declaration of any dividend in respect of Parent Common Stock and Parent Class B Stock or Company Stock and the record dates and payment dates relating thereto, it being the intention of the Parties that the holders of Company Stock shall not receive two dividends, or fail to receive one dividend, in any quarter with respect to their Company Stock and any Parent Common Stock that any such holder receives in exchange therefor in the Merger.
Appears in 4 contracts
Samples: Merger Agreement, Merger Agreement (Tribune Media Co), Merger Agreement (Sinclair Broadcast Group Inc)
Dividend Coordination. After the date of this Agreement, notwithstanding anything to the contrary contained in Section 5.1(b) or Section 6.1(b), each of Parent and the Company shall coordinate with the other with respect to the declaration of any dividend dividends in respect of Parent Common Stock Shares and Parent Class B Stock or Company Stock Shares and the record dates and payment dates relating thereto, it being the intention of the Parties that the holders of Company Stock Shares shall not receive two dividends, or fail to receive one dividend, in any quarter with respect to their Company Stock Shares and any Parent Common Stock that Shares any such holder receives in exchange therefor in the Merger.
Appears in 2 contracts
Samples: Merger Agreement (Johnson Controls Inc), Merger Agreement (TYCO INTERNATIONAL PLC)
Dividend Coordination. After the date of this Agreement, notwithstanding anything to the contrary contained in Section 5.1(b) or Section 6.1(b), each of Parent and the Company shall coordinate with the other with respect to the declaration of any dividend in respect of Parent Common Stock and Parent Class B Stock or Company Stock and the record dates and payment dates relating thereto, it being the intention of the Parties that the holders of Company Stock shall not receive two dividends, or fail to receive one dividend, in any quarter with respect to their Company Stock and any Parent Common Stock that any such holder receives in exchange therefor in the Merger.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Becton Dickinson & Co)
