Common use of Section 16 Clause in Contracts

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Merger Agreement (Vnus Medical Technologies Inc), Merger Agreement (Covidien PLC), Merger Agreement (Covidien Group S.a.r.l.)

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Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 4 contracts

Samples: Merger Agreement (Icagen Inc), Merger Agreement (Somanetics Corp), Merger Agreement (Covidien PLC)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including and related derivative securities with respect to Sharessecurities) resulting from the transactions contemplated by this Agreement.

Appears in 3 contracts

Samples: Merger Agreement (Cubist Pharmaceuticals Inc), Merger Agreement (Adolor Corp), Merger Agreement (Cubist Pharmaceuticals Inc)

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance TimeClosing Date, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Symmetry Surgical Inc.), Agreement and Plan of Merger (Symmetry Medical Inc.)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition of the Shares in the Offer and the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and Options in the transactions contemplated Merger by this Agreementapplicable individuals.

Appears in 2 contracts

Samples: Merger Agreement (Orchid Cellmark Inc), Merger Agreement (Monogram Biosciences, Inc.)

Section 16. The Company Company’s Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the disposition of the Company Common Stock in the Offer and the deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated Company Common Stock, Restricted Stock and Company Options in the Merger by this Agreementapplicable individuals.

Appears in 2 contracts

Samples: Merger Agreement (Sprint Nextel Corp), Merger Agreement (iPCS, INC)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act the Act, any deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this AgreementCompany Options in the Merger.

Appears in 2 contracts

Samples: Merger Agreement (Spectralink Corp), Merger Agreement (Polycom Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and the transactions contemplated by this AgreementCompany Options.

Appears in 2 contracts

Samples: Merger Agreement (Makemusic, Inc.), Merger Agreement

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sanofi-Aventis), Merger Agreement (Genzyme Corp)

Section 16. The Company Board of Directors shallhas taken or will, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Cubist Pharmaceuticals Inc)

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Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this AgreementCompany Options in the Merger.

Appears in 1 contract

Samples: Merger Agreement (Sigmatel Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of Shares (including derivative securities with respect to Shares) resulting from the transactions contemplated by this Agreement.Company Options in the

Appears in 1 contract

Samples: Merger Agreement (Hewlett Packard Co)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of the Shares (including derivative securities with respect to Shares) resulting from and Options in the transactions contemplated Merger by this Agreementapplicable individuals.

Appears in 1 contract

Samples: Merger Agreement (Medtox Scientific Inc)

Section 16. The Company Board of Directors shall, to the extent necessary, take appropriate action, prior to or as of the Acceptance Effective Time, to approve, for purposes of Section 16(b) of the Exchange Act Act, the deemed disposition and cancellation of Shares (including derivative securities with respect to the Shares) resulting from , the transactions contemplated Options and the Company RSUs in the Merger by this Agreementapplicable individuals.

Appears in 1 contract

Samples: Merger Agreement (Liposcience Inc)

Section 16. The Company Board of Directors shallwill, to the extent necessary, take appropriate action, prior to or as of the Acceptance Time, to approve, for purposes of Section 16(b) of the Exchange Act the disposition and cancellation of Shares (including and related derivative securities with respect to Sharessecurities) resulting from the transactions contemplated by this Agreementhereby.

Appears in 1 contract

Samples: Merger Agreement (Invuity, Inc.)

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