Common use of Section 280G Approval or Disapproval Clause in Contracts

Section 280G Approval or Disapproval. The Pathlore Stockholders shall have (i) approved by the requisite vote any Potential 280G Benefits or (ii) voted upon such Potential 280G Benefits and the requisite vote shall not have been obtained with respect to the Potential 280G Benefits such that any disqualified individual (as such term is defined in the regulations promulgated under Section 280G) shall forfeit any Potential 280G Benefits.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Sumtotal Systems Inc), Merger Agreement (Sumtotal Systems Inc)

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Section 280G Approval or Disapproval. The Pathlore Stockholders stockholders of the ------------------------------------ Company shall have (i) have approved by the requisite vote any Potential 280G Benefits or (ii) shall have voted upon such Potential 280G Benefits and the requisite vote shall was not have been obtained with respect to the Potential 280G Benefits such that any disqualified individual (as such term is defined in the proposed regulations promulgated under Section 280G) shall forfeit any Potential 280G Benefits.

Appears in 1 contract

Samples: Merger Agreement (Autodesk Inc)

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Section 280G Approval or Disapproval. The Pathlore Stockholders stockholders of the Company shall have (i) have approved by the requisite vote any Potential 280G Benefits or (ii) shall have voted upon such Potential 280G Benefits and the requisite vote shall was not have been obtained with respect to the Potential 280G Benefits such that any disqualified individual (as such term is defined in the proposed regulations promulgated under Section 280G) shall forfeit any Potential 280G Benefits.

Appears in 1 contract

Samples: Merger Agreement (Plantronics Inc /Ca/)

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