Common use of Exemption from Liability Under Section 16(b) Clause in Contracts

Exemption from Liability Under Section 16(b). Prior to the Effective Time, Parent and Company shall each take all such steps as may be reasonably necessary or appropriate, and the parties shall cooperate with each other as necessary, to cause any deemed disposition of shares of Company Common Stock or conversion of any derivative securities in respect of such shares of Company Common Stock or any deemed acquisition of shares of Parent Common Stock by an individual who after the Merger is expected to be subject to Section 16(b) of the Exchange Act with respect to Parent, in each case in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Exemption from Liability Under Section 16(b). Prior to the Effective Time, Parent and Company shall each take all such steps as may be reasonably necessary or appropriate, and the parties shall cooperate with each other as necessary, to cause any deemed disposition of shares of Company Common Stock or conversion of any derivative securities in respect of such shares of Company Common Stock or any deemed acquisition of shares of Parent Common Stock by an individual who after the Merger is expected to be subject to Section 16(b) of the Exchange Act with respect to Parent, in each case in connection with the consummation of the transactions contemplated by this Agreement Agreement, to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Exemption from Liability Under Section 16(b). Prior to the Effective Time, Parent and the Company shall each take all such steps as may be reasonably necessary or appropriate, and the parties shall cooperate with each other as necessary, appropriate to cause any deemed disposition of shares of Company Common Stock (or conversion of any derivative securities in respect of such shares of Company Common Stock or Stock) and any deemed acquisition of shares of Parent Common Stock Shares (or any derivative securities in respect of Parent Common Shares) by an each individual who after the Merger is expected to be subject to the reporting requirements of Section 16(b16(a) of the Exchange Act with respect to the Company, or will become subject to such reporting requirements with respect to Parent, in each case in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Exemption from Liability Under Section 16(b). Prior to the Effective Time, Parent and the Company shall each take all such steps as may be reasonably necessary or appropriate, and the parties shall cooperate with each other as necessary, appropriate to cause any deemed disposition of shares of Company Common Stock (or conversion of any derivative securities in respect of such shares of Company Common Stock or Stock) and any deemed acquisition of shares of Parent Common Stock (or any derivative securities in respect of Parent Common Stock) by an each individual who after the Merger is expected to be subject to the reporting requirements of Section 16(b16(a) of the Exchange Act with respect to the Company, or will become subject to such reporting requirements with respect to Parent, in each case in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act.