The Merger 1 Clause Samples
The 'THE MERGER' clause defines the fundamental agreement between the parties to combine their respective entities or assets into a single, unified organization. Typically, this clause outlines the basic terms of the merger, such as the entities involved, the effective date, and the intended structure of the merged entity. It may also reference the steps required to complete the merger, such as obtaining necessary approvals or fulfilling regulatory requirements. The core function of this clause is to formally establish the parties' commitment to merge and to set the framework for the subsequent detailed provisions governing the merger process.
The Merger 1. Section 1.1. The Merger 1 Section 1.2. Effective Time 1 Section 1.3. Closing of the Merger 2 Section 1.4. Effects of the Merger 2 Section 1.5. Articles of Incorporation; Bylaws 2
The Merger 1. Section 1.1 The Merger 1
Section 1.2 Closing Date 1 Section 1.3 Effective Time 1
Section 1.4 Effect of the Merger 2 Section 1.5 Certificate of Incorporation; By-laws 2 Section 1.6 Directors and Officers 2 Sectoin 2.1 Conversion of Securities 2 Section 2.2 Exchange of Certificates 5 Section 2.3 Dissenters’ Rights 8 Section 2.4 Stock Transfer Books 9
Section 2.5 Stock Options 9 Section 2.6 Closing Net Assets; Adjustment to Merger Consideration 10 Section 3.1 Organization and Qualification; No Subsidiaries 13 Section 3.2 Certificate of Incorporation and By-laws; Corporate Books and Records 14 Section 3.3 Capitalization 14 Section 3.4 Authority 16 Section 3.5 No Conflict; Required Filings and Consents 17 Section 3.6 Permits; Compliance With Law 18 Section 3.7 Financial Statements 18 Section 3.8 Liabilities; Accounts Receivable 19 Section 3.9 Absence of Certain Changes or Events 20 Section 3.10 Employee Benefit Plans 20 Section 3.11 Labor and Other Employment Matters 23 Section 3.12 Contracts; Debt Instruments 26 Section 3.13 Litigation 28 Section 3.14 Environmental Matters 29 Section 3.15 Intellectual Property 30 Section 3.16 Taxes 34 Section 3.17 Insurance 37 Section 3.18 Title to Assets 37 Section 3.19 Real Property; Equipment 38
Section 3.20 Products; Services 39 Section 3.21 Customers; Sales Orders; Suppliers 40 Section 3.22 Bank Accounts 40 Section 3.23 Related Party Transactions 40 Section 3.24 Vote Required 41 Section 3.25 Brokers 41 Section 3.26 Quasi-California Corporate Status 41 Section 4.1 Organization and Qualification; Subsidiaries 41 Section 4.2 Authority 42 Section 4.3 No Conflict; Required Filings and Consents 42 Section 4.4 Litigation 43 Section 4.5 Ownership of Merger Sub; No Prior Activities 43 Section 4.6 Brokers 43 Section 4.7 Adequate Resources 44 Section 5.1 Conduct of Business by the Company Pending the Closing 44 Section 5.2 Cooperation 47 Section 5.3 Written Consent in Lieu of Stockholders’ Meeting 48 Section 5.4 Access to Information; Confidentiality 48 Section 5.5 No Solicitation of Transactions 48 Section 5.6 Appropriate Action; Consents; Filings 49 Section 5.7 Certain Notices 51 Section 5.8 Public Announcements 51 Section 5.9 Payment of Certain Liabilities 51 Section 5.10 Transferred Employees, Etc 51
The Merger 1. 1 The Merger 2 1.2
The Merger 1. 02. THE CLOSING 1.03. CONVERSION OF STOCK; AT THE EFFECTIVE TIME 1.04. EFFECT OF CONVERSION 1.05. MERGER CONSIDERATION 1.06. CLOSING BALANCE SHEET; TRUE-UP PAYMENT ARTICLE II REPRESENTATIONS AND WARRANTIES OF STOCKHOLDERS
2.01. CAPITALIZATION 2.02. ORGANIZATION; SUBSIDIARIES 2.03. CORPORATE POWER AND AUTHORITY; EFFECT OF AGREEMENT 2.04. FINANCIAL STATEMENTS 2.05. ABSENCE OF CERTAIN CHANGES OR EVENTS 2.06. ASSETS AND PROPERTIES 2.07. INTELLECTUAL PROPERTY 2.08. COMMITMENTS 2.09. LITIGATION 2.10. COMPLIANCE WITH LAWS 2.11. EMPLOYEE BENEFIT PLANS 2.12. ENVIRONMENTAL MATTERS 2.13. CONSENTS 2.14. TAXES 2.15. FEES 2.16. MAJOR CUSTOMERS AND SUPPLIERS 2.17. PRODUCTS 2.18. INSURANCE
The Merger 1. 02. THE CLOSING 1.03. CONVERSION OF STOCK; AT THE EFFECTIVE TIME 1.04. EFFECT OF CONVERSION 1.05. MERGER CONSIDERATION 1.06. CLOSING BALANCE SHEET; TRUE-UP PAYMENT
The Merger 1. Section 1.1 The Merger 1
Section 1.2 Closing; Effective Time 1
Section 1.3 Effects of the Merger 2
Section 1.4 Certificate of Incorporation; Bylaws 2
Section 1.5 Directors and Officers 2
Section 1.6 Company Stock Options and Warrants 2
Section 1.7 Adjustments to Exchange Ratios and Share Amounts 3
The Merger 1. 1.1 The Merger. 1 1.2 Closing. 1 1.3 Effective Time. 2
1.4 Effects of the Merger. 2
1.5 Articles of Incorporation; Code of Regulations. 2
1.6 Directors and Officers of the Surviving Corporation. 2 1.7 Further Actions. 2
The Merger 1. 1.1 The Merger 1 1.2 Effective Time 1 1.3 Effects of the Merger 2 1.4 Closing 2 1.5 Certificate of Incorporation and Bylaws 2
1.6 Directors of the Surviving Corporation 2 1.7 Officers of the Surviving Corporation 2 1.8 Company Bank 3 1.9 Tax Consequences 3 2.1 Merger Consideration 3 2.2 Rights as Stockholders; Stock Transfers 3 2.3 Fractional Shares 4 2.4 Election Procedures 4 2.5 Exchange Procedures 6 2.6 Anti-Dilution Provisions 8 2.7 Options and Other Stock-Based Awards 8 2.8 Withholding Rights 9 2.9 No Dissenters’ Rights 9 2.10 Reservation of Right to Revise Structure 9
The Merger 1. 1.1 The Merger 1 1.2 Effective Time 2 1.3 Closing 2 1.4 Articles of Incorporation and Bylaws of the Surviving Corporation 2 1.5 Tax Consequences 2 1.6 Effects of the Merger 2 1.7 Parent Common Stock 2 1.8 Conversion of Company Common Stock 3 1.9 Treatment of Company Equity Awards 4 1.10 Bank Merger 5 ARTICLE II DELIVERY OF MERGER CONSIDERATION 5 2.1 Deposit of Merger Consideration 5 2.2 Delivery of Merger Consideration 5
The Merger 1. 1. The Merger 1.2. The Closing 1.3. Effective Time 1.4. Revision of Form of Transaction