Common use of Rights Distributions Pursuant to Stockholders’ Rights Plans Clause in Contracts

Rights Distributions Pursuant to Stockholders’ Rights Plans. Upon conversion of any Security or a portion thereof, the Company shall make provision such that the Holder thereof shall, to the extent such Holder is to receive shares of Common Stock upon such conversion, receive, in addition to, and concurrently with the delivery of, such shares of Common Stock upon conversion, the rights described in any stockholders’ rights plan(s) of the Company then in effect, unless the rights have separated from the Common Stock prior to the time of conversion, in which case the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all holders of Common Stock, Distributed Property as described in Section 10.06(c), subject to readjustment in the event of the expiration, termination or redemption of such rights.

Appears in 3 contracts

Samples: Accuray Incorporated (Accuray Inc), Accuray Incorporated (Accuray Inc), Accuray Incorporated (Accuray Inc)

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Rights Distributions Pursuant to Stockholders’ Rights Plans. Upon conversion of any Security or a portion thereof, the Company shall make provision such that the Holder thereof shall, to the extent such Holder is to receive shares of Common Stock upon such conversion, receive, in addition to, and concurrently with the delivery of, such shares of Common Stock upon conversion, the rights described in any stockholders’ rights plan(s) of the Company then in effect, unless the rights have separated from the Common Stock prior to the time of conversion, in which case the Conversion Rate shall be adjusted at the time of separation as if the Company distributed to all holders of Common Stock, Distributed Property as described in Section 10.06(c‎10.06(c), subject to readjustment in the event of the expiration, termination or redemption of such rights.

Appears in 1 contract

Samples: Accuray (Accuray Inc)

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