Common use of Rule 16b Clause in Contracts

Rule 16b. 3. The Company's Board of Directors shall, at or prior to the Effective Time, adopt resolutions specifically approving, for purposes of Rule 16b-3 under the Exchange Act, the Offer, the Merger, the Transaction Documents and the transactions contemplated thereby and any other dispositions of Company equity securities (including derivative securities) or acquisitions of Parent equity securities (including derivative securities) in connection with this Agreement and the other Transaction Documents by each individual who is a director or officer of the Company.