New Rights Plan definition

New Rights Plan has the meaning specified in Section 15.5(d).
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New Rights Plan. The term "New Rights Plan" has the meaning specified in Section 15.5(d).
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New Rights Plan shall have the meaning specified in Section 6.03.
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Examples of New Rights Plan in a sentence

  • If the Company implements a stockholders’ rights plan (“New Rights Plan”), the Company will provide under such New Rights Plan that the Holders of the Securities will receive, in addition to the Common Stock, the rights under the New Rights Plan (whether or not the rights under the New Rights Plan have separated from the Common Stock at the time of conversion), subject to any limitations set forth in the New Rights Plan.

  • In addition, if the Company implements a new rights plan (“New Rights Plan”), the Company will provide under such New Rights Plan that the Holders of the Securities will receive, in addition to the Common Stock, the rights under the New Rights Plan (whether or not the rights under the New Rights Plan have separated from the Common Stock at the time of conversion), subject to any limitations set forth in the New Rights Plan.

  • The New Rights Plan provides the Salix Board with the power to summarily prevent the consummation of Purchaser's non-coercive, non-discriminatory, all-cash, all-shares, premium Tender Offer.

  • The New Rights Plan is significantly different from the Original Rights Plan.

  • In addition, the Original Rights Plan had a five year term, expiring in 2005, while the New Rights Plan has a ten year term, expiring in 2013.

  • Axcan expects that the Alternative Slate of Directors, if elected, will, subject to their fiduciary duties: (i) redeem the New Rights Plan (or amend the New Rights Plan to make it inapplicable to the Proposed Acquisition); (ii) approve the Tender Offer under Section 203; and (iii) take such other actions as may be required to expedite the prompt consummation of the Proposed Acquisition.

  • In the event that the Company implements any new stockholders's rights plan, as amended, supplemented or modified from time to time (a "New Rights Plan"), such New Rights Plan shall provide that upon conversion of the Notes the Holders will receive, in addition to the Common Stock issuable upon such conversion, the rights (whether or not such rights have separated from Common Stock at the time of the conversion) issuable pursuant to the New Rights Plan.

  • On or about January 10, 2003, the Salix Board adopted a new stockholder rights plan (the "New Rights Plan"), commonly known as a "poison pill," which is designed to obstruct any acquisition of Salix that does not have the approval of the Salix Board.

  • Among other things, the New Rights Plan, if triggered, is significantly more dilutive to an acquiror because the Original Rights Plan had an exercise price of $60 Canadian (approximately $42 U.S.), while the January 2003 Rights Plan has an exercise price of $100 U.S.—more than twice as high.

  • The New Rights Plan was adopted without the approval of Salix stockholders and, if the New Rights Plan remains in effect and applicable to the Tender Offer, it will impede the right of Salix stockholders to decide whether to accept this premium offer for their shares and will impose an insurmountable obstacle to Purchaser's consummation of the Tender Offer.


More Definitions of New Rights Plan

New Rights Plan has the meaning specified in Section 10.4(d)
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New Rights Plan means the shareholders rights plan of Fibrek dated April 11, 2012.” The paragraph under the heading “Notice to Holders of Options” on page (iii) of the Offer to Purchase and Circular, the last paragraph of Section 1 of the Offer to Purchase and Circular, “The Offer” and the paragraph under Section 8 of the Circular, “Treatment of Fibrek Options” are each deleted in their entirety and each is replaced with the following:
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Related to New Rights Plan

  • Rights Plan means a plan of the Company providing for the issuance by the Company to all holders of its Common Stock of rights entitling the holders thereof to subscribe for or purchase shares of any class or series of capital stock of the Company which rights (i) are deemed to be transferred with such shares of such Common Stock and (ii) are also issued in respect of future issuances of such Common Stock, in each case until the occurrence of a specified event or events.

  • Shareholder Rights Plan means the amended and restated shareholder rights plan agreement dated as of November 10, 2015 between Parent and American Stock Transfer and Trust Company, LLC, as rights agent, as amended and restated as of April 18, 2016 as further amended, restated, succeeded or replaced from time to time, and any similar plan adopted from time to time;

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Company Option Plan means, collectively, each stock option plan, program or arrangement of the Company.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Approved Share Plan means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which Ordinary Shares and standard options to purchase Ordinary Shares may be issued to any employee, officer, director or advisers for services provided to the Company in their capacity as such.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Stock Purchase Plan means the employee stock purchase plan to be established by Water Pik pursuant to Section 2.2.

  • Restricted Stock Plan means either the RPM International Inc. 1997 Restricted Stock Plan or the RPM International Inc. 2007 Restricted Stock Plan and any successor plan or arrangement to either of such plans, but shall not be deemed to mean or include the Omnibus Plan.

  • Company Stock Option Plan means each stock option plan, stock award plan, stock appreciation right plan, phantom stock plan, stock option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any stock, option, warrant or other right to purchase or acquire capital stock of the Company or right to payment based on the value of Company capital stock has been granted or otherwise issued.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Company Option Plans means the following stock option plans of the Company: (a) the Amended and Restated 1989 Stock Plan, (b) the Amended and Restated 1996 Stock Incentive Plan and (c) the 2002 Nonqualified Stock Incentive Plan.

  • Share Option Scheme ’ means the share option scheme adopted by the Company on

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Stock Plans shall have the meaning set forth in Section 3.7.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Stock Rights means all dividends, instruments or other distributions and any other right or property which the Grantors shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any Equity Interest constituting Collateral, any right to receive an Equity Interest and any right to receive earnings, in which the Grantors now have or hereafter acquire any right, issued by an issuer of such Equity Interest.

  • Stockholder Agreement means the Stockholder Agreement, dated as of August 29, 2003, among the Company and its stockholders, as amended and in effect from time to time.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.