Exchange Option. At any time after a person becomes an Acquiring Person, and prior to the acquisition by such Acquiring Person of 50% or more of the outstanding Common Shares, the Board of Directors of the Corporation may exchange the Rights (other than Rights owned by such person or group which have become void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 5 contracts
Samples: Rights Agreement (Lincoln National Corp), Rights Agreement (Bowmar Instrument Corp), Rights Agreement (Lincoln National Corp)
Exchange Option. At any time after a person becomes an Acquiring Person, and prior to the acquisition by such Acquiring Person of 50% or more of the outstanding Common Shares, the Board of Directors of the Corporation Company may exchange the Rights (other than Rights owned by such person or group which have become void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 4 contracts
Samples: Rights Agreement (MFB Corp), Rights Agreement (First Financial Corp /In/), Rights Agreement (MFB Corp)
Exchange Option. At any time after a person becomes an Acquiring Person, and prior to the acquisition by such Acquiring Person of 50% or more of the outstanding Common Shares or 50% of the combined voting power in the election of directors of the outstanding Common Shares, the Board of Directors of the Corporation Company may exchange the Rights (other than Rights owned by such person or group which have become void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 2 contracts
Samples: Rights Agreement (Union Acceptance Corp), Rights Agreement (Union Acceptance Corp)
Exchange Option. At any time after a person becomes an Acquiring Person, and prior to the acquisition by such Acquiring Person of 50% or more of the outstanding Common Shares, the Board of Directors of the Corporation Company may exchange the Rights (other than Rights owned by such person or group which have become void), in whole or in part, at an exchange ratio of one Common Share half of the number of securities for which each Right is then exercisable per Right (subject to adjustment).
Appears in 2 contracts
Samples: Rights Agreement (Ipalco Enterprises Inc), Rights Agreement (Ipalco Enterprises Inc)
Exchange Option. At any time after a person becomes an Acquiring Person, and prior to the acquisition by such Acquiring Person of 50% or more of the outstanding Class A Common Shares, the Board of Directors of the Corporation Company may exchange the Rights (other than Rights owned by such person or group which have become void), in whole or in part, at an exchange ratio of one Common Share per Right (subject to adjustment).
Appears in 1 contract
