Submission to Stockholders for Approval of Certain Payments. The Company shall have submitted to its stockholders a request for approval from holders of at least 75% of the Company’s outstanding common stock (disregarding, for this purpose, voting interests held by the Company’s Chief Executive Officer), of any compensatory payments in connection with this Agreement that would be subject to Section 280G and 4999 of the Internal Revenue Code.
Appears in 2 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Brightcove Inc)
Submission to Stockholders for Approval of Certain Payments. The Company shall have submitted to its stockholders a request for approval from holders of at least 75% of the Company’s outstanding common stock (disregarding, for this purpose, voting interests held by the Company’s Chief Executive Officerany individual set forth on Schedule 7.2(m)), of any compensatory payments in connection with this Agreement that would be subject to Section 280G and 4999 of the Internal Revenue Code.
Appears in 2 contracts
Samples: Asset Purchase Agreement and Plan of Reorganization, Asset Purchase Agreement (Brightcove Inc)
