NO ADOPTION OR AMENDMENT OF RIGHTS PLAN. During the term of this Agreement, TMR's Board of Directors shall not adopt any shareholder rights plan or amend any rights plan without the approval of a majority of the SLOPI Designee(s) or Preferred Director(s) then on the Board of Directors of TMR unless such plan exempts SLOPI and its Affiliates from all effects thereof.
Appears in 4 contracts
Samples: Termination Agreement (Shell Oil Co), Agreement and Plan of Merger (Meridian Resource Corp), Stock Rights and Restrictions Agreement (Shell Louisana Onshore Properties Inc)
