Common use of Dividends or Other Distributions Clause in Contracts

Dividends or Other Distributions. No dividend or other distribution declared with respect to Menlo Common Stock with a record date prior to the Milestone Date shall be paid to Holders of CSRs. To the extent any shares of Menlo Common Stock are issued to Holders pursuant to Section 8(a), there shall be paid to such Holders the amount of dividends or other distributions, without interest, declared with a record date after the Milestone Date.

Appears in 4 contracts

Sources: Contingent Stock Rights Agreement (Menlo Therapeutics Inc.), Merger Agreement (Menlo Therapeutics Inc.), Contingent Stock Rights Agreement (Foamix Pharmaceuticals Ltd.)