Operating Review Process. Until the Second Trigger Date, upon Xxxxxxx Xxxxxx’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Xxxxxxx Xxxxxx shall meet with members of Xxxxxxx Xxxxxx’s senior management at least four times a fiscal year to discuss matters relating to Xxxxxxx’x investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the Xxxxxxx Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Aspen Technology, Inc.)
Operating Review Process. Until the Second Trigger Date, upon Xxxxxxx XxxxxxParent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Xxxxxxx Xxxxxx Emerson Parent shall meet with members of Xxxxxxx XxxxxxEmerson Parent’s senior management at least four times a fiscal year to discuss matters relating to Xxxxxxx’x investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the Xxxxxxx Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Aspen Technology Inc /De/)
Operating Review Process. Until the Second Trigger Date, upon Xxxxxxx XxxxxxParent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Xxxxxxx Xxxxxx Emerson Parent shall meet with members of Xxxxxxx XxxxxxEmerson Parent’s senior management at least four times a fiscal year to discuss matters relating to Xxxxxxx’x investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the Xxxxxxx Emerson Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Aspen Technology Inc /De/)
Operating Review Process. Until the Second Trigger Date, upon Xxxxxxx XxxxxxEmerson Parent’s request, the Company’s Chief Executive Officer and all other relevant members of the Company’s senior management requested by Xxxxxxx Xxxxxx Emerson Parent shall meet with members of Xxxxxxx XxxxxxEmerson Parent’s senior management at least four times a fiscal year to discuss matters relating to Xxxxxxx’x Exxxxxx’x investment in the Company, including with respect to reviews of the Company’s operations, affairs, finances or results and the Company’s business plan and strategy; provided that following the Second Trigger Date and until the Third Trigger Date, (i) such meetings shall be held at least twice a fiscal year and (ii) if none of the Emerson Directors is a director, officer or employee of Emerson or any member of the Xxxxxxx Exxxxxx Group, the Company will not be required to discuss the Company’s business plan and strategy at such meetings.
Appears in 1 contract
Samples: Transaction Agreement and Plan of Merger (Emerson Electric Co)