Common use of Section 16(b) Exemption Clause in Contracts

Section 16(b) Exemption. The Company will take all actions reasonably necessary to cause the Merger, and any dispositions of equity securities of the Company (including derivative securities) in connection with the Merger by each individual who is a director or executive officer of the Company, to be exempt pursuant to Rule 16b-3 promulgated under the Exchange Act. Parent will take all actions reasonably necessary to cause the Merger, and any acquisitions of equity securities of Parent (including derivative securities) in connection with the Merger by each individual who is contemplated to become a director or executive officer of Parent, to be exempt pursuant to Rule 16b-3 promulgated under the Exchange Act.

Appears in 4 contracts

Samples: Merger Agreement (Activision Blizzard, Inc.), Merger Agreement (Nuance Communications, Inc.), Merger Agreement (Linkedin Corp)

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