Common use of Form of Reverse Side of Right Certificate -- continued Clause in Contracts

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- Signature ----------------------------------------------------------------- NOTICE The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE SHARES OF PREFERRED STOCK Distribution and Transfer The Board of Directors of Symbol Technologies, of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one preferred stock purchase right (a "Right") for each share of theCompany's Common Stock, par value $.01 per share (the "Common Stock"), outstanding on September 14, 2001. Prior to the Distribution Date referred to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights.

Appears in 2 contracts

Samples: Rights Agreement (Symbol Technologies Inc), Rights Agreement (Symbol Technologies Inc)

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Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired being exercised by the undersigned from, and are not being sold, assigned or transferred to, on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) ---------------------- and (2) after due inquiry and to the best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Rights Certificate from any Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). ____________________ Signature ----------------------------------------------------------------- ------------------------------------------------------------ NOTICE The signature in on the Form foregoing Forms of Assignment or Form of and Election to Purchase, as the case may be, and certificates must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company Corporation and the Rights Agent will deem the beneficial owner Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. 8 Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES UNDER CERTAIN CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS ISSUED TO, OR HELD BY, ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE THEREOF (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN RELATED PERSONS, WHETHER CURRENTLY HELD BY OR ON BEHALF OF PREFERRED STOCK Distribution and Transfer The SUCH PERSON OR BY ANY SUBSEQUENT HOLDER, SHALL BECOME NULL AND VOID. On November 27, 1995, the Board of Directors of Symbol TechnologiesFamily Bargain Corporation, of Rights; Rights Inc. a Delaware corporation (the "CompanyCorporation") has ), declared a dividend distribution of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stock, par value $.01 per share (the "Common StockShares"), outstanding of the Corporation. The dividend is payable to the stockholders of record as of 5:00 P.M., Eastern Standard Time, on September 14December 8, 2001. Prior 1995 (the "Record Date"), and with respect to Common Shares issued thereafter until the Distribution Date referred (as defined below) and, in certain circumstances, with respect to Common Shares issued after the Distribution Date. Except as set forth below, each Right, when it becomes exercisable, entitles the registered holder to purchase from the Corporation one one- thousandth of a share of Series A Junior Participating Preferred Stock, par value $.01 per share (the "Preferred Shares") at a price of $9.00 per one one-thousandth of a Preferred Share (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement, dated as of November 27, 1995 (the "Rights Agreement"), between the Corporation and Corporate Stock Transfer, Inc. (the "Rights Agent"). Initially, the Rights will be evidenced by attached to all certificates representing Common Shares then outstanding, and trade with the certificates for the Common Stock. As soon no separate Right Certificates (as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates"hereinafter defined) will be mailed distributed. The Rights will separate from the Common Shares on the earliest to holders occur of record (i) the first date of public announcement that a person or "group" (other than a Grandfathered Person, as hereinafter defined) has acquired beneficial ownership of 15% or more of the outstanding Common Stock Shares (except pursuant to a Permitted Offer, as hereinafter defined); or (ii) 10 business days (or such later date as the Board may determine) following the commencement of, or announcement of an intention to commence, a tender offer or exchange offer the close consummation of business on which would result in a person or group becoming an Acquiring Person (as hereinafter defined) (the earliest of such dates being called the "Distribution Date"). A person or group whose acquisition of Common Shares causes a Distribution Date and such separate Right Certificates alone will evidence the Rights.pursuant to clause (i) above is an "Acquiring 1

Appears in 2 contracts

Samples: Rights Agreement (Family Bargain Corp), Rights Agreement (Family Bargain Corp)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired being exercised by the undersigned from, and are not being sold, assigned or transferred to, on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) ---------------------- and (2) after due inquiry and to the best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Rights Certificate from any Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). ----------------------------------- Signature ----------------------------------------------------------------- -------------------------------------------------------------------------------- NOTICE The signature in on the Form foregoing Forms of Assignment or Form of and Election to Purchase, as the case may be, and certificates must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company Corporation and the Rights Agent will deem the beneficial owner Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit EXHIBIT C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES UNDER CERTAIN CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS ISSUED TO, OR HELD BY, ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE THEREOF (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN RELATED PERSONS, WHETHER CURRENTLY HELD BY OR ON BEHALF OF PREFERRED STOCK Distribution and Transfer The SUCH PERSON OR BY ANY SUBSEQUENT HOLDER, SHALL BECOME NULL AND VOID. On May 28, 1999, the Board of Directors of Symbol TechnologiesPuroflow Incorporated, of Rights; Rights Inc. a Delaware corporation (the "CompanyCORPORATION") has ), declared a dividend distribution of Certificates: one preferred stock share purchase right (a "RightRIGHT") for each outstanding share of theCompany's Common Stock, par value $.01 per share (the "Common StockCOMMON SHARES") of the Corporation. The dividend is payable to the stockholders of record as of 5:00 P.M., Eastern Standard Time, on June 7, 1999 (the "RECORD DATE"), outstanding on September 14, 2001. Prior and with respect to Common Shares issued thereafter until the Distribution Date referred (as defined below) and, in certain circumstances, with respect to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. As soon as practicable following Shares issued after the Distribution Date. Except as set forth below, separate certificates evidencing each Right, when it becomes exercisable, entitles the registered holder to purchase from the Corporation one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $.10 per share (the "PREFERRED SHARES") at a price of $5.00 per one one-thousandth of a Preferred Share (the "PURCHASE PRICE"), subject to adjustment. The description and terms of the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock are set forth in a Rights Agreement, dated as of May 28, 1999 (the close of business on "RIGHTS AGREEMENT"), between the Distribution Date Corporation and such separate Right Certificates alone will evidence Continental Stock Transfer & Trust Company (the Rights"RIGHTS AGENT").

Appears in 1 contract

Samples: Rights Agreement (Puroflow Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). ___________________________Signature ----------------------------------------------------------------- ------------------------------------------------------------------------------ NOTICE The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES OF PREFERRED STOCK Distribution and Transfer The On November 18, 1997, the Board of Directors of Symbol TechnologiesFortune Brands, of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stockcommon stock, par value $.01 3.125 per share (the "Common StockShares"), outstanding of the Company. The dividend is payable on September 14December 24, 2001. Prior 1997 (the "Record Date") to the stockholders of record on that date. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock (the "Preferred Shares") of the Company, at a price of $150 per one one-hundredth of a Preferred Share (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement") between the Company and First Chicago Trust Company of New York, as Rights Agent (the "Rights Agent"). Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (an "Acquiring Person") have acquired beneficial ownership of 15% or more of the outstanding Common Shares or (ii) 10 business days following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of such outstanding Common Shares (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Share certificates outstanding as of the Record Date, by such Common Share certificate. The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and trade only with the Common Shares. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Share certificates issued after the Record Date, upon transfer or new issuance of Common Shares will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for Common Shares, outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the Common StockShares represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock Shares as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. The Rights are not exercisable until the Distribution Date. The Rights will expire on December 24, 2007 (the "Final Expiration Date"), unless the Final Expiration Date is extended or unless the Rights are earlier redeemed or exchanged by the Company, in each case, as described below. The Purchase Price payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Shares, (ii) upon the grant to holders of the Preferred Shares of certain rights or warrants to subscribe for or purchase Preferred Shares at a price, or securities convertible into Preferred Shares with a conversion price, less than the then current market price of the Preferred Shares or (iii) upon the distribution to holders of the Preferred Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends paid out of earnings or retained earnings or dividends payable in Preferred Shares) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights and the number of one one-hundredths of a Preferred Share issuable upon exercise of each Right are also subject to adjustment in the event of a stock split of the Common Shares or a stock dividend on the Common Shares payable in Common Shares or subdivisions, consolidations or combinations of the Common Shares occurring, in any such case, prior to the Distribution Date. Preferred Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to a minimum preferential quarterly dividend payment of $10 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Shares will be entitled to a minimum preferential liquidation payment of $100 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. Because of the nature of the Preferred Shares' dividend, liquidation and voting rights, the value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should approximate the value of one Common Share. In the event that, after a person has become an Acquiring Person, the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the Right. In the event that any Person becomes an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereafter be void), will thereafter have the right to receive upon exercise that number of Common Shares having a market value of two times the exercise price of the Right. With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. No fractional Preferred Shares will be issued (other than fractions which are integral multiples of one one-hundredth of a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts) and in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Shares on the last trading day prior to the date of exercise. At any time prior to the acquisition by a person or group of affiliated or associated persons of beneficial ownership of 15% or more of the outstanding Common Shares, the Board of Directors of the Company may redeem the Rights in whole, but not in part, at a price of $.01 per Right (the "Redemption Price"). Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. At any time after the acquisition by a person or group of affiliated or associated persons of beneficial ownership of 15% or more but less than 50% of the outstanding Common Shares, the Board of Directors of the 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. The terms of the Rights may be amended by the Board of Directors of the Company without the consent of the holders of the Rights in any manner consistent with the objectives of the Board of Directors in adopting the Rights Agreement, including an amendment to lower the 15% threshold described above to not less than the greater of (i) the sum of .001% and the largest percentage of outstanding Common Shares then known by the Company to be beneficially owned by any person or group of affiliated or associated persons and (ii) 10%. From and after such time as any person becomes an Acquiring Person no amendment may adversely affect the interests of the holders of the Rights.

Appears in 1 contract

Samples: Rights Agreement (Fortune Brands Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired being exercised by the undersigned from, and are not being sold, assigned or transferred to, on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) ---------------------- and (2) after due inquiry and to the best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Rights Certificate from any Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). ------------------------------ Signature ----------------------------------------------------------------- -------------------------------------------------------------------------------- NOTICE The signature in on the Form foregoing Forms of Assignment or Form of and Election to Purchase, as the case may be, and certificates must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company Corporation and the Rights Agent will deem the beneficial owner Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit EXHIBIT C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES UNDER CERTAIN CIRCUMSTANCES SET FORTH IN THE RIGHTS AGREEMENT, RIGHTS ISSUED TO, OR HELD BY, ANY PERSON WHO IS, WAS OR BECOMES AN ACQUIRING PERSON OR AN AFFILIATE OR ASSOCIATE THEREOF (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN RELATED PERSONS, WHETHER CURRENTLY HELD BY OR ON BEHALF OF PREFERRED STOCK Distribution and Transfer The SUCH PERSON OR BY ANY SUBSEQUENT HOLDER, SHALL BECOME NULL AND VOID. On May 28, 1999, the Board of Directors of Symbol TechnologiesPuroflow Incorporated, of Rights; Rights Inc. a Delaware corporation (the "CompanyCORPORATION") has ), declared a dividend distribution of Certificates: one preferred stock share purchase right (a "RightRIGHT") for each outstanding share of theCompany's Common Stock, par value $.01 per share (the "Common StockCOMMON SHARES") of the Corporation. The dividend is payable to the stockholders of record as of 5:00 P.M., Eastern Standard Time, on June 7, 1999 (the "RECORD DATE"), outstanding on September 14, 2001. Prior and with respect to Common Shares issued thereafter until the Distribution Date referred (as defined below) and, in certain circumstances, with respect to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. As soon as practicable following Shares issued after the Distribution Date. Except as set forth below, separate certificates evidencing each Right, when it becomes exercisable, entitles the registered holder to purchase from the Corporation one one-thousandth of a share of Series A Junior Participating Preferred Stock, par value $.10 per share (the "PREFERRED SHARES") at a price of $5.00 per one one-thousandth of a Preferred Share (the "PURCHASE PRICE"), subject to adjustment. The description and terms of the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock are set forth in a Rights Agreement, dated as of May 28, 1999 (the close of business on "RIGHTS AGREEMENT"), between the Distribution Date Corporation and such separate Right Certificates alone will evidence Continental Stock Transfer & Trust Company (the Rights"RIGHTS AGENT").

Appears in 1 contract

Samples: Rights Agreement (Puroflow Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). ------------------------------------ Signature ----------------------------------------------------------------- ------------------------------------------- NOTICE ------ The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. to Exhibit 1 ---------------------- SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES OF PREFERRED STOCK Distribution and Transfer The On September 2, 1997, the Board of Directors of Symbol TechnologiesCollaborative Clinical Research, of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stockcommon stock, without par value $.01 per share (the "Common StockShares"), outstanding of the Company. The dividend is payable on September 1415, 2001. Prior 1997 (the "Record Date") to the shareholders of record on that date. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock, without par value (the "Preferred Shares"), of the Company at a price of $30 per one one-hundredth of a Preferred Share (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement") between the Company and National City Bank, as Rights Agent (the "Rights Agent"). Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (an "Acquiring Person") have acquired beneficial ownership of 20% or more of the outstanding Common Shares or (ii) 10 business days (or such later date as may be determined by action of the Board of Directors prior to such time as any person or group of affiliated persons becomes an Acquiring Person) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 20% or more of the outstanding Common Shares (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Share certificates outstanding as of the Record Date, by such Common Share certificate with a copy of this Summary of Rights attached thereto. The Rights Agreement provides that, until the Distribution Date (or earlier redemption or expiration of the Rights), the Rights will be transferred with, and trade only with, the Common Shares. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Share certificates issued after the Record Date upon transfer or new issuance of Common Shares will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for Common Shares outstanding as of the Record Date, with or without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the certificates for the Common StockShares represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock Shares as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights.. The Rights are not exercisable until the Distribution Date. The Rights will expire on September 2, 2007 (the "Final Expiration Date") unless the Final Expiration Date is extended or unless the Rights are earlier redeemed or exchanged by the Company, in each case, as described below. The Purchase Price payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Shares, (ii) upon the grant to holders of the Preferred Shares of certain rights or warrants to subscribe for or purchase Preferred Shares at a price, or securities convertible into Preferred Shares with a conversion price, less than the then-current market price of the Preferred Shares, or (iii) upon the distribution to holders of the Preferred Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends paid out of earnings or retained earnings or dividends payable in Preferred Shares) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights and the number of one one-hundredths of a Preferred Share issuable upon exercise of each Right are also subject to adjustment in the event of a stock split of the Common Shares or a stock dividend on the Common Shares payable in Common Shares or subdivisions, consolidations or combinations of the Common Shares occurring, in any such case, prior to the Distribution Date. Preferred Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to a minimum preferential quarterly dividend payment of $1.00 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Shares will be entitled to a minimum preferential liquidation payment of $100.00 per share but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 1 vote, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. Because of the nature of the Preferred Shares' dividend, and liquidation rights, the value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should approximate the value of one Common Share. In the event that the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold after a person or group has become an Acquiring Person, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the Right. In the event that any person or group of affiliated or associated persons becomes an Acquiring Person, proper provision shall be made so that each holder of a Right,

Appears in 1 contract

Samples: Rights Agreement (Collaborative Clinical Research Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired being exercised by the undersigned from, and are not being sold, assigned or transferred to, on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement), (2) ---------------------- this Right Certificate is not being sold, assigned or transferred by or on behalf of any such Acquiring Person, Affiliate or Associate, and (3) after due inquiry and to the best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Right Certificate from any Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). -------------------------------------------- Signature ----------------------------------------------------------------- NOTICE Notice The signature in on the Form foregoing Forms of Assignment or Form of and Election to Purchase, as the case may be, and certificates must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company Corporation and the Rights Agent will deem the beneficial owner Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Right Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit EXHIBIT C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIESRAYCHEM CORPORATION 300 Xxxxxxxxxxxx Xxxxx Xxxxx Xxxx, INC. Xxxxxxxxxx 00000 SUMMARY OF RIGHTS TO PURCHASE SERIES RP PREFERRED SHARES OF PREFERRED STOCK Distribution and Transfer The On December 11, 1998, the Board of Directors of Symbol Technologies, of Rights; Rights Inc. (the "CompanyBoard") has of Raychem Corporation (the "Corporation") declared a dividend distribution of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stock, par value $.01 per share Stock (the "Common Stock") of the Corporation. The dividend is payable to the stockholders of record on February 12, 1999 (the "Record Date"), outstanding on September 14, 2001. Prior and with respect to shares of Common Stock issued thereafter until the Distribution Date referred (as defined below) and, in certain circumstances, with respect to shares of Common Stock issued after the Distribution Date. Except as set forth below, each Right, when it becomes exercisable, entitles the registered holder to purchase from the Corporation one one-thousandth (1/1000th) of a share of Series RP Preferred Stock, $1.00 par value per share (the "Preferred Stock"), of the Corporation at a price of $150 per one one-thousandth (1/1000th) of a share of Preferred Stock (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement") between the Corporation and Harrxx Xxxst and Savings Bank, as Rights Agent (the "Rights Agent"), dated as of December 11, 1998. Initially, the Rights will be evidenced attached to all certificates representing shares of Common Stock then outstanding, and no separate certificates representing the Rights ("Right Certificates") will be distributed. The Rights will separate from the Common Stock upon the earliest to occur of (i) a person or group of affiliated or associated persons having acquired, without the prior approval of the Corporation's Board of Directors, beneficial ownership of 15% or more of the outstanding shares of Common Stock (except pursuant to a Permitted Offer, as hereinafter defined) or (ii) 10 days (or such later date as the Board may determine) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in a person or group of affiliated or associated persons becoming an Acquiring Person (as hereinafter defined) (the "Distribution Date"). A person or group whose acquisitions of shares of Common Stock cause a Distribution Date pursuant to clause (i) above is an "Acquiring Person," with certain exceptions as set forth in the Rights Agreement. The date that a person or group is first publicly announced to have become such by the Corporation or such Acquiring Person is the "Shares Acquisition Date." The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and trade only with the associated shares of Common Stock. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Stock certificates issued after the Record Date upon transfer or new issuance of shares of Common Stock will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for shares of Common Stock outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the shares of Common StockStock represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") Certificates will be mailed to the holders of record of the shares of Common Stock as of the close Close of business Business (as defined in the Rights Agreement) on the Distribution Date (and to each initial record holder of certain shares of Common Stock issued after the Distribution Date), and such separate Right Certificates alone will evidence the Rights. The Rights are not exercisable until the Distribution Date and will expire at the close of business on February 12, 2009, unless earlier redeemed by the Corporation as described below. In the event that any person becomes an Acquiring Person (except pursuant to a tender or exchange offer which is for all outstanding shares of Common Stock at a price and on terms which a majority of certain members of the Board determines to be adequate and in the best interests of the Corporation, its stockholders and other relevant constituencies, other than such Acquiring Person, its affiliates and associates (a "Permitted Offer")), each holder of a Right will thereafter have the right (the "Flip-In Right") to receive, upon exercise, the number of shares of Common Stock (or, in certain circumstances, of one one-thousandths (1/1000ths) of a share of Preferred Stock or other securities of the Corporation) having a value (immediately prior to such triggering event) equal to two times the exercise price of the Right. Notwithstanding the foregoing, following the occurrence of the event described above, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person or any affiliate or associate thereof will be null and void. The Board has the option, at any time after any person becomes an Acquiring Person, to exchange all or part of the then-exercisable Rights (excluding those that have become void, as described in the immediately preceding sentence) for shares of Common Stock, at an exchange ratio determined by dividing the then-applicable Purchase Price by the then-current market price per share of Common Stock as determined in accordance with the Rights Agreement. However, this option generally terminates if any person becomes the beneficial owner of 50% or more of the Common Stock. In the event that, at any time following the Shares Acquisition Date, (i) the Corporation is acquired in a merger or other business combination transaction in which the holders of all of the outstanding shares of Common Stock immediately prior to the consummation of the transaction are not the holders of all of the surviving corporation's voting power, or (ii) more than 50% of the Corporation's assets or earning power is sold or transferred, in either case with or to (x) an Acquiring Person or any affiliate or associate thereof or (y) any other person in which such Acquiring Person, affiliate or associate has an interest or any person acting on behalf of or in concert with such Acquiring Person, affiliate or associate, or (z) any other person if, in such transaction, all holders of shares of Common Stock are not treated alike, then each holder of a Right (except Rights which previously have been voided as set forth above) shall thereafter have the right (the "Flip-Over Right") to receive, upon exercise, common shares of the acquiring company (or, in certain circumstances, its parent), having a value equal to two times the exercise price of the Right. The holder of a Right will continue to have the Flip-Over Right whether or not such holder exercises or surrenders the Flip-In Right. The Purchase Price payable, and the number of shares of Preferred Stock, shares of Common Stock or other securities issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, (ii) upon the grant to holders of shares of the Preferred Stock of certain rights or warrants to subscribe for or purchase Preferred Stock at a price, or securities convertible into Preferred Stock with a conversion price, less than the then current market price of the Preferred Stock or (iii) upon the distribution to holders of shares of the Preferred Stock of evidences of indebtedness or assets (excluding regular quarterly cash dividends) or of subscription rights or warrants (other than those referred to above). Preferred Stock purchasable upon exercise of the Rights will not be redeemable. Each share of Preferred Stock will be entitled to a minimum preferential quarterly dividend payment of $1.00 per share but, if greater, will be entitled to an aggregate dividend per share of 1,000 times the dividend declared per share of Common Stock. In the event of liquidation, the holders of shares of the Preferred Stock will be entitled to a minimum preferential liquidation payment per share in an amount equal to the greater of $150 or 1,000 times the payment made per share of Common Stock plus an amount equal to accrued and unpaid dividends and distributions thereon, whether or not declared, to the date of such payment (the "Series RP Liquidation Preference"); thereafter, and after the holders of shares of the Common Stock receive a liquidation payment of an amount equal to the quotient obtained by dividing the Series RP Liquidation Preference by 1,000 (subject to certain adjustments for stock splits, stock dividends and recapitalizations with respect to the Common Stock), the holders of shares of the Preferred Stock and the holders of the Common Stock will share the remaining assets in the ratio of 1,000 to 1 (as adjusted) for each share of Preferred Stock and Common Stock so held, respectively. Finally, in the event of any merger, consolidation or other transaction in which shares of Common Stock are exchanged, each share of Preferred Stock will be entitled to receive 1,000 times the amount received per share of Common Stock. These rights are protected by customary antidilution provisions. In the event that the amount of accrued and unpaid dividends on the Preferred Stock is equivalent to six full quarterly dividends or more, the holders of shares of the Preferred Stock shall have the right, voting as a class, to elect two directors in addition to the directors elected by the holders of shares of the Common Stock until all cumulative dividends on the Preferred Stock have been paid or set apart for payment through the last quarterly dividend payment date. No fractional shares of Preferred Stock will be issued (other than fractions which are one one-thousandth (1/1000th) or integral multiples of one one-thousandth (1/1000th) of a share of Preferred Stock, which may, at the election of the Corporation, be evidenced by depositary receipts) and in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Stock on the last trading day prior to the date of exercise. With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. At any time prior to the earlier to occur of (i) a person becoming an Acquiring Person or (ii) the expiration of the Rights, and under certain other circumstances, the Corporation may redeem the Rights in whole, but not in part, at a price (payable in cash or, at the Corporation's election, in Common Stock) of $0.001 per Right (the "Redemption Price"), which redemption shall be effective upon the action of the Board. Additionally, following the Shares Acquisition Date, the Corporation may redeem the then outstanding Rights in whole, but not in part, at the Redemption Price, provided that such redemption is in connection with a merger or other business combination transaction or series of transactions involving the Corporation in which all holders of shares of Common Stock are treated alike but not involving an Acquiring Person or its affiliates or associates. Other than those provisions relating to the rights, duties and obligations of the Rights Agent and certain principal economic terms of the Rights, all of the provisions of the Rights Agreement may be amended by the Board of Directors of the Corporation prior to the Distribution Date. After the Distribution Date, the provisions of the Rights Agreement may be amended by the Board of Directors of the Corporation in order to cure any ambiguity, defect or inconsistency, to make changes that do not adversely affect the interests of holders of Rights (excluding the interests of any Acquiring Person), or, subject to certain limitations, to shorten or lengthen any time period under the Rights Agreement.

Appears in 1 contract

Samples: Rights Agreement (Raychem Corp)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, and were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). ------------------------------------ Signature ----------------------------------------------------------------- -------------------------------------------------------------------------------- NOTICE The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit EXHIBIT C STOCKHOLDER UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN SYMBOL TECHNOLOGIESAGREEMENT, INCRIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO IS OR BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE TRANSFERABLE. SUMMARY OF RIGHTS TO PURCHASE SHARES OF PREFERRED STOCK Distribution and Transfer The OF ARIAD PHARMACEUTICALS, INC. On June 8, 2000, the Board of Directors of Symbol TechnologiesARIAD Pharmaceuticals, of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's common stock, par value $.001 per share, of the Company (the "Common Stock"). The dividend is payable on July 19, 2000 to the stockholders of record on June 19, 2000 (the "Record Date"). Each Right entitles the registered holder to purchase from the Company one one-thousandth of a share of Series A Preferred Stock, par value $.01 per share share, of the Company (the "Common Preferred Stock") at a price of $65.00 per one one-thousandth of a share of Preferred Stock (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement dated as of June 8, 2000, as the same may be amended from time to time (the "Rights Agreement"), between the Company and State Street Bank and Trust Company, as Rights Agent (the "Rights Agent"). Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (with certain exceptions, an "Acquiring Person") has acquired beneficial ownership of 15% or more of the outstanding on September 14shares of Common Stock or (ii) 10 business days (or such later date as may be determined by action of the Board of Directors prior to such time as any person or group of affiliated persons becomes an Acquiring Person) following the commencement of, 2001. Prior or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of the outstanding shares of Common Stock (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Stock certificates outstanding as of the Record Date, by such Common Stock certificate together with this Summary of Rights. The Rights Agreement provides that, until the Distribution Date (or earlier expiration of the Rights), the Rights will be transferred with and trade only with the certificates for the Common Stock. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock as of the close of business on Until the Distribution Date and such separate Right Certificates alone will evidence (or earlier expiration of the Rights.), new Common Stock certificates issued after the Record Date upon transfer or new issuances of Common Stock will contain a

Appears in 1 contract

Samples: Rights Agreement (Ariad Pharmaceuticals Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, and were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). --------------------------- Signature ----------------------------------------------------------------- NOTICE The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the If certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER B UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN SYMBOL TECHNOLOGIESAGREEMENT, INCRIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO IS OR BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE TRANSFERABLE. SUMMARY OF RIGHTS TO PURCHASE SHARES OF PREFERRED COMMON STOCK Distribution and Transfer The OF PROSOFTTRAINING.COM On June 27, 2001 the Board of Directors of Symbol Technologies, of Rights; Rights Inc. xx XXXXXXXXXXXXXNG.COM (the "Company") has declared a dividend of Certificates: one preferred stock purchase commox xxxxx xxxxxxxx right (a "Right") for each outstanding share of theCompany's Common Stockcommon stock, par value $.01 0.001 per share share, of the Company (the "Common Stock"). The dividend is payable on July 12, outstanding 2001 (the "Record Date"), to the stockholders of record on September 14that date. Each Right entitles the registered holder to purchase from the Company one share of Common Stock of the Company at a price of $16.00 per share of Common Stock (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement dated as of June 27, 2001, as the same may be amended from time to time (the "Rights Agreement"), between the Company and INTERWEST TRANSFER COMPANY, INC., as Rights Agent (the "Rights Agent"). Prior Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (with certain exceptions, an "Acquiring Person") has acquired beneficial ownership of 15% or more of the outstanding shares of Common Stock or (ii) 10 business days (or such later date as may be determined by action of the Board of Directors prior to such time as any person or group of affiliated persons becomes an Acquiring Person) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of the outstanding shares of Common Stock (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Stock certificates outstanding as of the Record Date, by such Common Stock certificate together with a copy of this Summary of Rights. The Rights Agreement provides that, until the Distribution Date (or earlier expiration of the Rights), the Rights will be transferred with and trade only with the certificates for the Common Stock. Until the Distribution Date (or earlier expiration of the Rights), new Common Stock certificates issued after the Record Date upon transfer or new issuances of Common Stock will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier expiration of the Rights), the surrender for transfer of any certificates for shares of Common Stock outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights, will also constitute the transfer of the Rights associated with the shares of Common Stock represented by such certificates. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. The Rights are not exercisable until the Distribution Date. The Rights will expire on July 12, 2011 (the "Final Expiration Date"), unless the Final Expiration Date is advanced or extended or unless the Rights are earlier redeemed or exchanged by the Company, in each case as described below. The Purchase Price payable, and the number of shares of Common Stock or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) upon a stock dividend on, or a subdivision, combination or reclassification of, the Common Stock, (ii) upon the grant to holders of the Common Stock of certain rights or warrants to subscribe for or purchase Common Stock at a price, or securities convertible into Common Stock with a conversion price, less than the then-current market price of the Common Stock or (iii) upon the distribution to holders of the Common Stock of evidences of indebtedness or assets (excluding regular periodic cash dividends or dividends payable in Common Stock) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights is subject to adjustment upon the occurrence of a stock dividend on the Common Stock payable in shares of Common Stock or subdivisions, consolidations or combinations of the Common Stock occurring, in any such case, prior to the Distribution Date. Shares of Common Stock purchasable upon exercise of the Rights will not be redeemable. Each share of Common Stock will be entitled to dividend payments, when, as and if declared. If any person or group of affiliated or associated persons becomes an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Right that number of shares of Common Stock having a market value of two times the exercise price of the Right. If, after a person or group has become an Acquiring Person, the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold, proper provisions will be made so that each holder of a Right (other than Rights beneficially owned by an Acquiring Person which will have become void) will thereafter have the right to receive upon the exercise of a Right that number of shares of common stock of the person with whom the Company has engaged in the foregoing transaction (or its parent) that at the time of such transaction have a market value of two times the exercise price of the Right. At any time after any person or group becomes an Acquiring Person and prior to the earlier of one of the events described in the previous paragraphs or the acquisition by such Acquiring Person of 50% or more of the outstanding shares of Common Stock, the Board of Directors of the Company may exchange the Rights (other than Rights owned by such Acquiring Person which will have become void), in whole or in part, for shares of Common Stock (or series of the Company's preferred stock having equivalent rights, preferences and privileges), at an exchange ratio of one share of Common Stock, or a fractional share of Common Stock equivalent in value thereto, per Right. With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. No fractional shares of Common Stock will be issued, and in lieu thereof an adjustment in cash will be made based on the current market price of the Common Stock. At any time prior to the time an Acquiring Person becomes such, the Board of Directors of the Company may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. For so long as the Rights are then redeemable, the Company may, except with respect to the redemption price, amend the Rights Agreement in any manner. After the Rights are no longer redeemable, the Company may, except with respect to the redemption price, amend the Rights Agreement in any manner that does not adversely affect the interests of holders of the Rights.

Appears in 1 contract

Samples: Rights Agreement (Prosofttraining Com)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). ___________________________Signature ----------------------------------------------------------------- ------------------------------------------------------------------------------ NOTICE The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIES, INC. SUMMARY OF RIGHTS TO PURCHASE PREFERRED SHARES OF PREFERRED STOCK Distribution and Transfer The On November 18, 1997, the Board of Directors of Symbol TechnologiesFortune Brands, of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stockcommon stock, par value $.01 3.125 per share (the "Common StockShares"), outstanding of the Company. The dividend is payable on September 14December 24, 2001. Prior 1997 (the "Record Date") to the stockholders of record on that date. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Preferred Stock (the "Preferred Shares") of the Company, at a price of $150 per one one-hundredth of a Preferred Share (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement") between the Company and First Chicago Trust Company of New York, as Rights Agent (the "Rights Agent"). Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (an "Acquiring Person") has acquired beneficial ownership of 15% or more of the outstanding Common Shares or (ii) 10 business days following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of such outstanding Common Shares (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Share certificates outstanding as of the Record Date, by such Common Share certificate. The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and trade only with the Common Shares. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Share certificates issued after the Record Date, upon transfer or new issuance of Common Shares will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for Common Shares outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the Common StockShares represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock Shares as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. The Rights are not exercisable until the Distribution Date. The Rights will expire on December 24, 2007 (the "Final Expiration Date"), unless the Final Expiration Date is extended or unless the Rights are earlier redeemed or exchanged by the Company, in each case, as described below. The Purchase Price payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights are subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Shares, (ii) upon the grant to holders of the Preferred Shares of certain rights or warrants to subscribe for or purchase Preferred Shares at a price, or securities convertible into Preferred Shares with a conversion price, less than the then current market price of the Preferred Shares or (iii) upon the distribution to holders of the Preferred Shares of evidences of indebtedness or assets (excluding regular periodic cash dividends paid out of earnings or retained earnings or dividends payable in Preferred Shares) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights and the number of one one-hundredths of a Preferred Share issuable upon exercise of each Right are also subject to adjustment in the event of a stock split of the Common Shares or a stock dividend on the Common Shares payable in Common Shares or subdivisions, consolidations or combinations of the Common Shares occurring, in any such case, prior to the Distribution Date. Preferred Shares purchasable upon exercise of the Rights will not be redeemable. Each Preferred Share will be entitled to a minimum preferential quarterly dividend payment of $10 per share, but will be entitled to an aggregate dividend of 100 times the dividend declared per Common Share. In the event of liquidation, the holders of the Preferred Shares will be entitled to a minimum preferential liquidation payment of $100 per share, but will be entitled to an aggregate payment of 100 times the payment made per Common Share. Each Preferred Share will have 100 votes, voting together with the Common Shares. Finally, in the event of any merger, consolidation or other transaction in which Common Shares are exchanged, each Preferred Share will be entitled to receive 100 times the amount received per Common Share. These rights are protected by customary antidilution provisions. Because of the nature of the Preferred Shares' dividend, liquidation and voting rights, the value of the one one-hundredth interest in a Preferred Share purchasable upon exercise of each Right should approximate the value of one Common Share. In the event that, after a person has become an Acquiring Person, the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then current exercise price of the Right, that number of shares of common stock of the acquiring company which at the time of such transaction will have a market value of two times the exercise price of the Right. In the event that any person becomes an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereafter be void), will thereafter have the right to receive upon exercise that number of Common Shares having a market value of two times the exercise price of the Right. With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. No fractional Preferred Shares will be issued (other than fractions which are integral multiples of one one-hundredth of a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts) and in lieu thereof, an adjustment in cash will be made based on the market price of the Preferred Shares on the last trading day prior to the date of exercise. At any time prior to the acquisition by a person or group of affiliated or associated persons of beneficial ownership of 15% or more of the outstanding Common Shares, the Board of Directors of the Company may redeem the Rights in whole, but not in part, at a price of $.01 per Right (the "Redemption Price"). Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. At any time after the acquisition by a person or group of affiliated or associated persons of beneficial ownership of 15% or more but less than 50% of the outstanding Common Shares, the Board of Directors of the 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. The terms of the Rights may be amended by the Board of Directors of the Company without the consent of the holders of the Rights in any manner consistent with the objectives of the Board of Directors in adopting the Rights Agreement, including an amendment to lower the 15% threshold described above to not less than the greater of (i) the sum of .001% and the largest percentage of outstanding Common Shares then known by the Company to be beneficially owned by any person or group of affiliated or associated persons and (ii) 10%. From and after such time as any person becomes an Acquiring Person, no amendment may adversely affect the interests of the holders of the Rights.

Appears in 1 contract

Samples: Rights Agreement (Fortune Brands Inc)

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Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, and were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ______________________ Signature ----------------------------------------------------------------- _________________________________________________________________ NOTICE ------ The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN SYMBOL TECHNOLOGIESAGREEMENT, INCRIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE TRANSFERABLE. ARAMARK CORPORATION SUMMARY OF RIGHTS TO PURCHASE SHARES OF SERIES C PREFERRED STOCK Distribution On ________ __, 2001, pursuant to the merger of the Company's predecessor, ARAMARK Corporation with and Transfer The Board of Directors of Symbol Technologies, of Rights; Rights Inc. into the Company (the "CompanyMerger") has declared a dividend of Certificates: ), one preferred stock purchase right Preferred Share Purchase Right (a "Right") was issued for each outstanding share of theCompany's each of our Class A Common Stock and Class B Common Stock, each par value $.01 per share (the "Common Stock"), outstanding on September 14, 2001share. Prior The Rights are subject to the Distribution Date referred terms of a Rights Agreement dated December 10, 2001 between the Company and Mellon Investor Services, LLC, as the Rights Agent. The Board of Directors adopted the Rights Agreement to belowassist the Company in pursuing its long-term business strategies and enhancing stockholder value by protecting our stockholders against unsolicited takeover efforts on unfavorable terms. In general terms, the Rights will be evidenced Agreement works by imposing a significant penalty upon any person or group which acquires 15% or more of the Company's outstanding Class B Common Stock after the effective date of the Merger without the approval of the Board of Directors. Any current stockholder which beneficially owned more than 15% of our outstanding Class B Common Stock (including after giving effect to the conversion of Class A Common Stock to Class B Common Stock) as of the effective date of the Merger may acquire up to an additional 1% of our outstanding Class B Common Stock without penalty. In addition, Xxxxxx Xxxxxxxx, the Company's Chairman and trade with Chief Executive Officer, and certain related entities are exempt from such penalties so long as he and such entities own no more than ___% of the certificates for the Company's Class B Common Stock. As soon as practicable following Any Company securities that Xx. Xxxxxxxx acquires after the Distribution Date, separate certificates evidencing Merger pursuant to employee benefit plans of the Company will not be counted towards such limitation. For those interested in the specific terms of the Rights ("Right Certificates") will be mailed to holders of record Agreement, we provide the following summary of the Common Stock as principal features of the close Rights. However, this description is only a summary and does not purport to be a complete description of business on the Distribution Date and such separate Right Certificates alone will evidence terms of the Rights. For more information, you should refer to the complete Rights Agreement, which has been filed on November 15, 2001 with the Securities and Exchange Commission as an exhibit to the Registration Statement on Form 8-A filed by the Company in connection with the Merger. A copy of the Rights Agreement is available from the Company on request, without charge.

Appears in 1 contract

Samples: Rights Agreement (Aramark Worldwide Corp)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, and were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ______________________ Signature ----------------------------------------------------------------- _________________________________________________________________ NOTICE ------ The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN SYMBOL TECHNOLOGIESAGREEMENT, INCRIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE TRANSFERABLE. ARAMARK CORPORATION SUMMARY OF RIGHTS TO PURCHASE SHARES OF SERIES C PREFERRED STOCK Distribution On ________ __, 2001, pursuant to the merger of the Company's predecessor, ARAMARK Corporation with and Transfer The Board of Directors of Symbol Technologies, of Rights; Rights Inc. into the Company (the "CompanyMerger") has declared a dividend of Certificates: ), one preferred stock purchase right Preferred Share Purchase Right (a "Right") was issued for each outstanding share of theCompany's each of our Class A Common Stock and Class B Common Stock, each par value $.01 per share (the "Common Stock"), outstanding on September 14, 2001share. Prior The Rights are subject to the Distribution Date referred terms of a Rights Agreement dated ________ __, 2001 between the Company and Mellon Investor Services, LLC, as the Rights Agent. The Board of Directors adopted the Rights Agreement to belowassist the Company in pursuing its long-term business strategies and enhancing stockholder value by protecting our stockholders against unsolicited takeover efforts on unfavorable terms. In general terms, the Rights will be evidenced Agreement works by imposing a significant penalty upon any person or group which acquires 15% or more of the Company's outstanding Class B Common Stock after the effective date of the Merger without the approval of the Board of Directors. Any current stockholder which beneficially owned more than 15% of our outstanding Class B Common Stock (including after giving effect to the conversion of Class A Common Stock to Class B Common Stock) as of the effective date of the Merger may acquire up to an additional 1% of our outstanding Class B Common Stock without penalty. In addition, Xxxxxx Xxxxxxxx, the Company's Chairman and trade with Chief Executive Officer, and certain related entities are exempt from such penalties so long as he and such entities own no more than ___% of the certificates for the Company's Class B Common Stock. As soon as practicable following Any Company securities that Xx. Xxxxxxxx acquires after the Distribution Date, separate certificates evidencing Merger pursuant to employee benefit plans of the Company will not be counted towards such limitation. For those interested in the specific terms of the Rights ("Right Certificates") will be mailed to holders of record Agreement, we provide the following summary of the Common Stock as principal features of the close Rights. However, this description is only a summary and does not purport to be a complete description of business on the Distribution Date and such separate Right Certificates alone will evidence terms of the Rights. For more information, you should refer to the complete Rights Agreement, which has been filed on ________ __, 2001 with the Securities and Exchange Commission as an exhibit to the Registration Statement on Form S-4 filed by the Company in connection with the Merger. A copy of the Rights Agreement is available from the Company on request, without charge.

Appears in 1 contract

Samples: Rights Agreement (Aramark Worldwide Corp)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, and were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- ). --------------------------------- Signature ----------------------------------------------------------------- ------------------------------------------------------------------------- NOTICE ------ The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER --------- UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN THE RIGHTS PLAN SYMBOL TECHNOLOGIESAGREEMENT, INCRIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO IS OR BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE TRANSFERABLE. SUMMARY OF RIGHTS TO PURCHASE SHARES OF PREFERRED STOCK Distribution and Transfer The OF AU BON PAIN CO., INC. On October 21, 1996, the Board of Directors of Symbol TechnologiesAu Bon Pain Co., of Rights; Rights Inc. (the "Company") has declared a dividend of Certificates: one Class A preferred stock share purchase right (a "Class A Right") for each outstanding share of theCompany's Class A Common Stock, par value $.01 .0001 per share, (the "Class A Common Stock") and declared a dividend of one Class B Preferred Share purchase right (a "Class B Right" and, together with the Class A Rights the "Rights") for each outstanding share of Class B Common Stock, par value $.0001 per share of the Company (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock"). The dividend is payable to stockholders of record at the close of business on November 4, outstanding on September 14, 2001. Prior 1996 (the "Record Date") to the stockholders of record on that date. Each Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series A Junior Participating Class B Preferred Stock, par value $.0001 per share, of the Company (the "Preferred Stock") at a price of $35 per one one-hundredth of a share of Preferred Stock (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement dated as of October 21, 1996, as the same may be amended from time to time (the "Rights Agreement"), between the Company and State Street Bank & Trust Company, as Rights Agent (the "Rights Agent"). Until the earlier to occur of (i) 10 days following a public announcement that a person or group of affiliated or associated persons (with certain exceptions, an "Acquiring Person") has acquired beneficial ownership of 15% or more of the outstanding shares of Class A Common Stock or (ii) 10 business days (or such later date as may be determined by action of the Board of Directors prior to such time as any person or group of affiliated persons becomes an Acquiring Person) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in the beneficial ownership by a person or group of 15% or more of the outstanding shares of Class A Common Stock (the earlier of such dates being called the "Distribution Date referred to belowDate"), the Rights will be evidenced evidenced, with respect to any of the Common Stock certificates outstanding as of the Record Date, by such Common Stock certificate together with a copy of this Summary of Rights. The Rights Agreement provides that, until the Distribution Date (or earlier expiration of the Rights), the Rights will be transferred with and trade only with the certificates for the Common Stock. Until the Distribution Date (or earlier expiration of the Rights), new Common Stock certificates issued after the Record Date upon transfer or new issuances of Common Stock will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier expiration of the Rights), the surrender for transfer of any certificates for shares of Common Stock outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights, will also constitute the transfer of the Rights associated with the shares of Common Stock represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date and such separate Right Certificates alone will evidence the Rights. The Rights are not exercisable until the Distribution Date. The Rights will expire on October 20, 2006 (the "Final Expiration Date"), unless the Final Expiration Date is advanced or extended or unless the Rights are earlier redeemed or exchanged by the Company, in each case as described below. The Purchase Price payable, and the number of shares of Preferred Stock or other securities or property issuable, upon exercise of the Rights is subject to adjustment from time to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred Stock, (ii) upon the grant to holders of the Preferred Stock of certain rights or warrants to subscribe for or purchase Preferred Stock at a price, or securities convertible into Preferred Stock with a conversion price, less than the then-current market price of the Preferred Stock or (iii) upon the distribution to holders of the Preferred Stock of evidences of indebtedness or assets (excluding regular periodic cash dividends or dividends payable in Preferred Stock) or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights is subject to adjustment in the event of a stock dividend on the Common Stock payable in shares of Common Stock or subdivisions, consolidations or combinations of the Common Stock occurring, in any such case, prior to the Distribution Date. Shares of Preferred Stock purchasable upon exercise of the Rights will not be redeemable. Each share of Preferred Stock will be entitled, when, as and if declared, to a minimum preferential quarterly dividend payment of $1 per share but will be entitled to an aggregate dividend of 100 times the dividend declared per share of Common Stock. In the event of liquidation, dissolution or winding up of the Company, the holders of the Preferred Stock will be entitled to a minimum preferential payment of $10 per share (plus any accrued but unpaid dividends) but will be entitled to an aggregate payment of 100 times the payment made per share of Common Stock. Each share of Preferred Stock will have 100 votes, voting together with the Common Stock. Finally, in the event of any merger, consolidation or other transaction in which outstanding shares of Common Stock are converted or exchanged, each share of Preferred Stock will be entitled to receive 100 times the amount received per share of Common Stock. These rights are protected by customary antidilution provisions. Because of the nature of the Preferred Stock's dividend, liquidation and voting rights, the value of the one one-hundredth interest in a share of Preferred Stock purchasable upon exercise of each Right should approximate the value of one share of Class A Common Stock. In the event that any person or group of affiliated or associated persons becomes an Acquiring Person, each holder of a Class A Right, other than Class A Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Class A Right that number of shares of Class A Common Stock having a market value of two times the exercise price of the Class A Right, and (ii) each holder of a Class B Right, other than Class B Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Class B Right that number of shares of Class B Common Stock having a market value of two times the exercise price of the Class B Right. In the event that, after a person or group has become an Acquiring Person, the Company is acquired in a merger or other business combination transaction or 50% or more of its consolidated assets or earning power are sold, proper provisions will be made so that each holder of a Right (other than Rights beneficially owned by an Acquiring Person which will have become void) will thereafter have the right to receive upon the exercise of a Right that number of shares of common stock of the person with whom the Company has engaged in the foregoing transaction (or its parent) that at the time of such transaction have a market value of two times the exercise price of the Right. With certain exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. No fractional shares of Preferred Stock or Common Stock will be issued (other than fractions of Preferred Stock which are integral multiples of one one-hundredth of a share of Preferred Stock, which may, at the election of the Company, be evidenced by depositary receipts), and in lieu thereof an adjustment in cash will be made based on the current market price of the Preferred Stock or the Common Stock. At any time prior to the time an Acquiring Person becomes such, the Board of Directors of the Company may redeem the Rights in whole, but not in part, at a price of $.01 per Right (the "Redemption Price"). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board of Directors in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. For so long as the Rights are then redeemable, the Company may, except with respect to the redemption price, amend the Rights Agreement in any manner. After the Rights are no longer redeemable, the Company may, except with respect to the redemption price, amend the Rights Agreement in any manner that does not adversely affect the interests of holders of the Rights. Until a Right is exercised or exchanged, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to receive dividends.

Appears in 1 contract

Samples: Rights Agreement (Au Bon Pain Co Inc)

Form of Reverse Side of Right Certificate -- continued. (To be completed) The undersigned hereby certifies that (1) the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired being exercised by the undersigned from, and are not being sold, assigned or transferred to, on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement), (2) ---------------------- this Right Certificate is not being sold, assigned or transferred by or on behalf of any such Acquiring Person, Affiliate or Associate, and (3) after due inquiry and to the best knowledge of the undersigned, the undersigned did not acquire the Rights evidenced by this Right Certificate from any Person who is or was an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Agreement). _________________________________________ Signature ----------------------------------------------------------------- NOTICE Notice The signature in on the Form foregoing Forms of Assignment or Form of and Election to Purchase, as the case may be, and certificates must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company Corporation and the Rights Agent will deem the beneficial owner Beneficial Owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as such terms are defined in the Rights Right Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit EXHIBIT C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIESPYRAMID BREWERIES, INC. 91 S. Xxxxx Xxxxxxxx Xxx Seattle, Washington 98134 FORM OF SUMMARY OF RIGHTS TO PURCHASE SERIES RP PREFERRED SHARES OF PREFERRED STOCK Distribution and Transfer The Board of Directors (the "Board") of Symbol TechnologiesPyramid Breweries, of Rights; Rights Inc. (the "CompanyCorporation") has declared a dividend distribution of Certificates: one preferred stock share purchase right (a "Right") for each outstanding share of theCompany's Common Stock, par value $.01 per share Stock (the "Common Stock") of the Corporation. The dividend is payable to the stockholders of record on June 28, 1999 (the "Record Date"), outstanding on September 14, 2001. Prior and with respect to shares of Common Stock issued thereafter until the Distribution Date referred (as defined below) and, in certain circumstances, with respect to shares of Common Stock issued after the Distribution Date. Except as set forth below, each Right, when it becomes exercisable, entitles the registered holder to purchase from the Corporation one one-thousandth (1/1000th) of a share of Series RP Preferred Stock, $.01 par value per share (the "Preferred Stock"), of the Corporation at a price of $12.00 per one one-thousandth (1/1000th) of a share of Preferred Stock (the "Purchase Price"), subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (the "Rights Agreement") between the Corporation and ChaseMellon Shareholder Services L.L.C., as Rights Agent (the "Rights Agent"), dated as of June 14, 1999. Initially, the Rights will be evidenced attached to all certificates representing shares of Common Stock then outstanding, and no separate certificates representing the Rights ("Right Certificates") will be distributed. The Rights will separate from the Common Stock upon the earliest to occur of (i) a person or group of affiliated or associated persons having acquired, without the prior approval of the Corporation's Board of Directors, beneficial ownership of securities which represent 20% or more of the voting power (the "Voting Power") of the then outstanding voting securities of the Corporation (except pursuant to a Permitted Offer, as hereinafter defined) or (ii) 10 days (or such later date as the Board may determine) following the commencement of, or announcement of an intention to make, a tender offer or exchange offer the consummation of which would result in a person or group of affiliated or associated persons becoming an Acquiring Person (as hereinafter defined) (the "Distribution Date"). A person or group whose acquisitions of shares of Common Stock cause a Distribution Date pursuant to clause (i) above is an "Acquiring Person," with certain exceptions as set forth in the Rights Agreement. The date that a person or group is first publicly announced to have become such by the Corporation or such Acquiring Person is the "Shares Acquisition Date." If any security holder provides evidence satisfactory to the Board of beneficial ownership of shares of Common Stock representing 20% or more of the Voting Power as of immediately prior to the first public announcement of the execution of the Rights Agreement, then such security holder will not be deemed an Acquiring Person with respect to such securities. The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred with and trade only with the associated shares of Common Stock. Until the Distribution Date (or earlier redemption or expiration of the Rights), new Common Stock certificates issued after the Record Date upon transfer or new issuance of shares of Common Stock will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or earlier redemption or expiration of the Rights), the surrender for transfer of any certificates for shares of Common Stock outstanding as of the Record Date, even without such notation or a copy of this Summary of Rights being attached thereto, will also constitute the transfer of the Rights associated with the shares of Common StockStock represented by such certificate. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") Certificates will be mailed to the holders of record of the shares of Common Stock as of the close Close of business Business (as defined in the Rights Agreement) on the Distribution Date (and to each initial record holder of certain shares of Common Stock issued after the Distribution Date), and such separate Right Certificates alone will evidence the Rights.. The Rights are not exercisable until the Distribution Date and will expire at the close of business on June 28, 2009, unless earlier redeemed by the Corporation as described below. In the event that any person becomes an Acquiring Person (except pursuant to a tender or exchange offer which is for all outstanding shares of Common Stock at a price and on terms which a majority of certain members of the Board determines to be adequate and in the best interests of the Corporation, its stockholders and other relevant constituencies, other than such Acquiring Person, its affiliates and associates (a "Permitted Offer")), each holder of a Right will thereafter have the right (the "Flip-In Right") to receive, upon exercise, the number of shares of Common Stock (or, in certain circumstances, of one one-thousandths (1/1000ths) of a share of Preferred Stock or other securities of the Corporation) having a value (immediately prior to such triggering event) equal to two times the exercise price of the Right. Notwithstanding the foregoing, following the occurrence of the event described above, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person or any affiliate or associate thereof will be null and void. The Board has the option, at any time after any person becomes an Acquiring Person, to exchange all or part of the then-exercisable Rights (excluding those that have become void, as described in the immediately preceding sentence) for shares of Common Stock, at an exchange ratio determined by dividing the then-applicable Purchase Price by the then-current market price per share of Common Stock as determined in accordance with the Rights Agreement. However, this option generally terminates if any person becomes the beneficial owner of shares representing 50% or more of the Voting Power. In the event that, at any time following the Shares Acquisition Date, (i) the Corporation is acquired in a merger or other business combination transaction in which the holders of all of the outstanding shares of Common Stock immediately prior to the consummation of the transaction are not the holders of all of the surviving corporation's voting power, or (ii) more than 50% of the Corporation's assets or earning power is sold or transferred, in either case with or to (x) an Acquiring Person or any affiliate or associate thereof or (y) any other person in which such Acquiring Person, affiliate or associate has an interest or any person acting on behalf of or in

Appears in 1 contract

Samples: Rights Agreement (Pyramid Breweries Inc)

Form of Reverse Side of Right Certificate -- continued. If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the balance remaining of such Rights shall be registered in the name of and delivered to: Name: _______________ SSN (To or other identifying number): _______________ Address: Dated: ________, 20___ Name: Signature Guaranteed: Signatures must be completed) guaranteed by a bank, trust company, broker, dealer or other eligible institution participating in a recognized signature guarantee medallion program. The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by, were not acquired by the undersigned from, and are not being sold, assigned or transferred to, an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) ---------------------- Signature ----------------------------------------------------------------- NOTICE ). Dated: ________, 20___ Name: The signature in the Form of Assignment or Form of Election to Purchase, as the case may be, must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or enlargement or any change whatsoever. In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored. Exhibit C STOCKHOLDER RIGHTS PLAN SYMBOL TECHNOLOGIESOn March 17, INC. SUMMARY OF RIGHTS TO PURCHASE SHARES OF PREFERRED STOCK Distribution and Transfer The 2009, the Board of Directors of Symbol TechnologiesU.S. Precious Metals, of Rights; Rights Inc. Inc., a Delaware corporation (the "Company") has authorized and declared a dividend of Certificates: one preferred stock purchase right (a "Right") for each outstanding share of theCompany's its Common Stock, par value $.01 0.00001 per share (the "“Company Common Stock"), outstanding on September 14, 2001. Prior to the Distribution Date referred to below, the Rights will be evidenced by and trade with the certificates for the Common Stock. As soon as practicable following the Distribution Date, separate certificates evidencing the Rights ("Right Certificates") will be mailed to holders stockholders of record of the Common Stock as of at the close of business on April 10, 2009 (the “Record Date”), and authorized the issuance of one Right for each share of Company Common Stock issued by the Company (except as otherwise provided in the Rights Agreement, as defined below) between the Record Date and the Distribution Date (as defined below). Each Right entitles the registered holder, subject to the terms of the Rights Agreement (as defined below), to purchase from the Company one one-thousandth of a share (a “Unit”) of Series A Preferred Stock, par value $0.00001 per share (the “Preferred Stock”), at a price of $10.00 per Unit, subject to adjustment. The purchase price is payable in cash or by certified check, cashier’s check, or money order payable to the Company. The description and such separate Right Certificates alone will evidence terms of the Rights are set forth in a Rights Agreement between the Company and Interwest Transfer Company, Inc., as rights agent (the “Rights Agent”), dated as of March 17, 2009, as amended from time to time (the “Rights Agreement”). The Rights Agreement (which includes the Certificate of Designation attached as Exhibit A thereto) has been filed with the Securities and Exchange Commission as Exhibit 4.1 to the Registration Statement on Form 8-A dated March 19, 2009. Copies of the Rights Agreement and the Certificate of Designation are available free of charge from the Company. This summary description of the Rights Agreement, the Rights, and the Preferred Stock does not purport to be complete and is qualified in its entirety by reference to all of the provisions of the Rights Agreement and the Certificate of Designation, including the definitions therein of certain terms, which Rights Agreement and Certificate of Designation are incorporated herein by reference.

Appears in 1 contract

Samples: Rights Agreement (U S Precious Metals Inc)

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