Common use of Rule 16b Clause in Contracts

Rule 16b. 3. Prior to the Effective Time, Parent, Merger Sub and the Company shall take such steps as may be required to cause the transactions contemplated by this Agreement 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 by each individual who (a) is a director or officer of the Company or (b) at the Effective Time will become a director or officer of Parent, to become exempt under Rule 16b-3 promulgated under the Exchange Act.

Rule 16b. 3. Prior to the Effective Time, Parent, Merger Sub and the Company shall take all such steps as may be required to cause the transactions contemplated by in this Agreement and any other dispositions of Company equity securities of the Company (including any derivative securities) or acquisitions of Parent equity securities (including derivative securities) in connection with this Agreement of Parent by each individual (including directors by deputization) who (ais or will be subject to the reporting requirements of Section 16(a) is a director or officer of the Exchange Act with respect to the Company or (b) at the Effective Time will become a director or officer of Parent, to become be exempt under Rule 16b-3 promulgated under the Exchange Act.