Rule 16b-3 Matters. Prior to the Effective Time, the Parties shall, as applicable, take all such steps as may be reasonably necessary or advisable, to the extent permitted by applicable Law, to cause any dispositions of Company equity securities (including derivative securities) and acquisitions of Parent equity securities pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.
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Samples: Agreement and Plan of Merger (Weingarten Realty Investors /Tx/), Agreement and Plan of Merger (Kimco Realty Corp), Agreement and Plan of Merger (Cousins Properties Inc)
Rule 16b-3 Matters. Prior to the Effective Time, the Parties shall, as applicable, be entitled to take all such steps as may be reasonably necessary or advisable, to the extent permitted by applicable Law, to cause any dispositions of Company equity securities (including derivative securities) and acquisitions of Parent equity securities pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Company to be exempt under Rule 16b-3 promulgated under the Exchange Act.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Sabra Health Care REIT, Inc.), Agreement and Plan of Merger (Care Capital Properties, Inc.)
Rule 16b-3 Matters. Prior to the Effective Time, the Parties shall, as applicable, take all such steps as may be reasonably necessary or advisable, to the extent permitted by applicable Law, to cause any dispositions of Company Safe equity securities (including derivative securities) and acquisitions of Parent Star equity securities pursuant to the transactions contemplated by this Agreement by each individual who is a director or officer of the Company Safe subject to the reporting requirements of Section 16(a) of the Exchange Act with respect to the Company Safe to be exempt under Rule 16b-3 promulgated under the Exchange Act.
Appears in 1 contract
