Share Repurchase Program. The Board shall take such action as is necessary to authorize the total number of shares of Common Stock authorized for repurchase under the Company’s share repurchase program to be increased to five (5) million. The Company agrees to use its reasonable best efforts to repurchase at least two (2) million shares by August 31, 2008 subject to compliance with all applicable laws (including, without limitation, applicable securities laws), taking into account prevailing market factors and materially relevant capital considerations of the Company in determining the advisability of when and in what amounts to repurchase shares of Common Stock.
Appears in 2 contracts
Sources: Proxy Solicitation Agreement (Barington Companies Equity Partners L P), Proxy Solicitation Agreement (Schulman a Inc)