Common use of Section 16(b) Clause in Contracts

Section 16(b). The Company and Parent shall take all steps reasonably necessary to cause the transactions contemplated hereby and any other dispositions of equity securities of the Company or acquisitions of equity securities of Parent (and, in each case, derivative securities) in connection with the transactions contemplated hereby by each individual who is a director or executive officer of the Company or Parent to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Monmouth Real Estate Investment Corp), Agreement and Plan of Merger (Monmouth Real Estate Investment Corp), Agreement and Plan of Merger (Equity Commonwealth)

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

Appears in 5 contracts

Samples: Merger Agreement (Yatra Online, Inc.), Agreement and Plan of Merger (Tivity Health, Inc.), Agreement and Plan of Merger (Nutri System Inc /De/)

Section 16(b). The Company and Parent shall each take all such steps as are reasonably necessary to cause the transactions contemplated hereby Transactions and any other dispositions of equity securities of the Company (including derivative securities) or acquisitions of equity securities of Parent (and, in each case, including derivative securities) in connection with the transactions contemplated hereby herewith by each any individual who is a director or executive officer of the Company or at the Effective Time will become a director or officer of Parent to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (IHS Markit Ltd.), Agreement and Plan of Merger (S&P Global Inc.), Agreement and Plan of Merger (Markit Ltd.)

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

Appears in 2 contracts

Samples: Agreement and Plan of Merger (HealthSpring, Inc.), Agreement and Plan of Merger (Cigna Corp)

Section 16(b). The Prior to the Effective Time, Parent and the Company and Parent shall take all steps reasonably necessary to cause the transactions contemplated hereby by this Agreement and any other dispositions of equity securities of the Company or acquisitions of equity securities of Parent (and, in each case, including derivative securities) in connection with the transactions contemplated hereby by this Agreement by each individual who is a director or executive officer of the Company or Parent to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Appears in 2 contracts

Samples: Assumption Agreement (Bristol Myers Squibb Co), Agreement and Plan of Merger (Amylin Pharmaceuticals Inc)

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Section 16(b). The Parent and the Company and Parent shall take all steps reasonably necessary to cause the transactions contemplated hereby and any other dispositions of equity securities of the Company or acquisitions of equity securities of Parent (and, in each case, including derivative securities) in connection with the transactions contemplated hereby this Agreement by each individual who is a director or executive officer of the Company or Parent to be exempt under Rule 16b-3 promulgated under the Exchange Act, to the extent an exemption is available under applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Edelman Financial Group Inc.)

Section 16(b). The Each of Parent and the Company and Parent shall take all such steps as may be reasonably necessary to cause the transactions contemplated hereby Transactions and any other dispositions of equity securities of the Company (including derivative securities) or acquisitions of equity securities of Parent (and, in each case, including derivative securities) in connection with the transactions contemplated hereby this Agreement by each individual who (a) is a director or executive officer of the Company or Parent (b) at the Effective Time will become a director or officer of Parent, to be exempt under Rule 16b-3 promulgated under the Exchange Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Renewable Energy Group, Inc.)

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

Appears in 1 contract

Samples: Agreement and Plan of Merger (Safeco Corp)

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