Common use of Flip-in Event Clause in Contracts

Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void. For example, at a purchase price of $14.50 per Right, following the occurrence of a person becoming an Acquiring Person, each Right not owned by the Acquiring Person (or by certain related parties) would entitle its holder to purchase $29.00 worth of Common Stock (or other consideration, as noted above) for $14.50. Assuming that the Common Stock has a per share value of $7.25 at such time, the holder of each valid Right would be entitled to purchase 4 shares of Common Stock for $29.00.

Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void. For example, at a purchase price of $14.50 4.00 per Right, following the occurrence of a person becoming an Acquiring Person, each Right not owned by the Acquiring Person (or by certain related parties) would entitle its holder to purchase $29.00 8.00 worth of Common Stock (or other consideration, as noted above) for $14.504.00. Assuming that the Common Stock has a per share value of $7.25 1.00 at such time, the holder of each valid Right would be entitled to purchase 4 8 shares of Common Stock for $29.004.00.

Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void. For example, at a purchase price of $14.50 300 per Right, following the occurrence of a person becoming an Acquiring Person, each Right not owned by the Acquiring Person (or by certain related parties) would entitle its holder to purchase $29.00 600 worth of Common Stock (or other consideration, as noted above) for $14.50300. Assuming that the shares of Common Stock has have a per share value of $7.25 80 at such time, the holder of each valid Right would be entitled to purchase 4 7.5 shares of Common Stock for $29.00300.

Flip-in Event. In the event that a person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, Common Stock (or, in certain circumstances, other securities, cash, or other assets of the Company) having a value equal to two times the Purchase Price. Notwithstanding any of the foregoing, following the occurrence of a person becoming an Acquiring Person, all Rights that are, or (under certain circumstances specified in the Rights Agreement) were, beneficially owned by any Acquiring Person (or by certain related parties) will be null and void. For example, at a purchase price of $14.50 63.00 per Right, following the occurrence of a person becoming an Acquiring Person, each Right not owned by the Acquiring Person (or by certain related parties) would entitle its holder to purchase $29.00 126.00 worth of Common Stock (or other consideration, as noted above) for $14.5063.00. Assuming that the Common Stock has a per share value of $7.25 10.50 at such time, the holder of each valid Right would be entitled to purchase 4 12 shares of Common Stock for $29.0063.00.