Parent Rights Plan. Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall prevent Parent’s Board of Directors from adopting a stockholder rights or similar agreement or plan.
Appears in 4 contracts
Samples: Merger Agreement (Plains Exploration & Production Co), Merger Agreement (Energy Partners LTD), Merger Agreement (Stone Energy Corp)
Parent Rights Plan. Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall prevent Parent’s Board of Directors from adopting a stockholder rights or similar agreement or planplan to improve the ability of Parent’s Board of Directors to protect the interests of Parent and its stockholders in the event of a Parent Acquisition Proposal.
Appears in 1 contract
Samples: Merger Agreement (Plains Exploration & Production Co)
