Common use of Board Approval and Recommendation Clause in Contracts

Board Approval and Recommendation. The Board of Directors of Company (the “Company Board”), by resolutions duly adopted at a meeting duly called and held, has duly (i) determined that this Agreement and the Merger are fair to and in the best interests of Company and its shareholders, (ii) adopted and approved this Agreement, the Merger and the transactions contemplated hereby and (iii) recommended that the shareholders of Company adopt this Agreement and approve the Merger (collectively, the “Recommendation”).