Common use of FMR Corp Clause in Contracts

FMR Corp. together with its Affiliates and Associates, but only for so long as FMR Corp., together with all of its Affiliates and Associates, shall be the Beneficial Owner of less than 20% of the Voting Stock of the Company then outstanding. Notwithstanding the foregoing, if the Board of Directors of the Company determines in good faith that a Person who would otherwise be an "Acquiring Person" as defined pursuant to the foregoing provisions of this paragraph (a) has become such inadvertently, and such Person divests as promptly as practicable (as determined in good faith by the Board of Directors) a sufficient number of shares of Common Stock so that such Person would no longer be an "Acquiring Person" as defined pursuant to the foregoing provisions of this paragraph (a), then such Person shall not be deemed an "Acquiring Person" for any purposes of this Rights Agreement.

Appears in 2 contracts

Sources: Rights Agreement (St Jude Medical Inc), Rights Agreement (St Jude Medical Inc)