PreferredStockRightsAgreement优先股权条约docWord文档格式.docx
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PreferredStockRightsAgreement优先股权条约docWord文档格式.docx
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Theundersigned,CharlesN.Charnas,doesherebycertifythat:
1.HeisthedulyelectedandactingAssistantSecretaryofAAACompany,a_________(STATE)corporation(theCORPORATION).
2.PursuanttotheauthorityconferredupontheBoardofDirectorsbytheCertificateofIncorporationoftheCorporation,theBoardofDirectorsoftheCorporationon_________(M,D,Y)adoptedthefollowingresolutionscreatingaseriesofPreferredStockdesignatedasSeriesAParticipatingPreferredStock:
RESOLVED:
ThatpursuanttotheauthorityvestedintheBoardofDirectorsbytheCertificateofIncorporation,theBoardofDirectorsdoesherebyprovidefortheissueofaseriesofPreferredStock,anddoesherebyfixandhereinstateandexpressthepowers,designations,privileges,preferencesandrelative,participating,optionalandotherspecialrights,andthequalifications,limitationsandrestrictions,ofsuchseriesofPreferredStockasfollows:
1.DESIGNATIONANDAMOUNT.ThesharesofsuchseriesshallbedesignatedasSERIESAPARTICIPATINGPREFERREDSTOCK.TheSeriesAParticipatingPreferredStockshallhaveaparvalue$,_________pershare,andthenumberofsharesconstitutingsuchseriesshallbe_________.
2.PROPORTIONALADJUSTMENT.IntheeventthattheCorporationshallatanytimeaftertheissuanceofanyshareorsharesofSeriesAParticipatingPreferredStock(i)declareanydividendonCommonStockoftheCorporation(COMMONSTOCK)payableinsharesofCommonStock,(ii)subdividetheoutstandingCommonStockor(iii)combinetheoutstandingCommonStockintoasmallernumberofshares,thenineachsuchcasetheCorporationshallsimultaneouslyeffectaproportionaladjustmenttothenumberofoutstandingsharesofSeriesAParticipatingPreferredStock.
3.DIVIDENDSANDDISTRIBUTIONS.
(a)SubjecttothepriorandsuperiorrightoftheholdersofanysharesofanyseriesofPreferredStockrankingpriorandsuperiortothesharesofSeriesAParticipatingPreferredStockwithrespecttodividends,theholdersofsharesofSeriesAParticipatingPreferredStockshallbeentitledtoreceivewhen,asandifdeclaredbytheBoardofDirectorsoutoffundslegallyavailableforthepurpose,quarterlydividendspayableincashonthelastdayofJanuary,April,JulyandOctoberineachyear(eachsuchdatebeingreferredtohereinasaQUARTERLYDIVIDENDPAYMENTDATE),commencingonthefirstQuarterlyDividendPaymentDateafterthefirstissuanceofashareorfractionofashareofSeriesAParticipatingPreferredStock,inanamountpershare(roundedtothenearestcent)equalto1,000timestheaggregatepershareamountofallcashdividends,and1,000timestheaggregatepershareamount(payableinkind)ofallnon-cashdividendsorotherdistributionsotherthanadividendpayableinsharesofCommonStockorasubdivisionoftheoutstandingsharesofCommonStock(byreclassificationorotherwise),declaredontheCommonStocksincetheimmediatelyprecedingQuarterlyDividendPaymentDate,or,withrespecttothefirstQuarterlyDividendPaymentDate,sincethefirstissuanceofanyshareorfractionofashareofSeriesAParticipatingPreferredStock.
(b)TheCorporationshalldeclareadividendordistributionontheSeriesAParticipatingPreferredStockasprovidedinparagraph(a)aboveimmediatelyafteritdeclaresadividendordistributionontheCommonStock(otherthanadividendpayableinsharesofCommonStock).
(c)DividendsshallbegintoaccrueonoutstandingsharesofSeriesAParticipatingPreferredStockfromtheQuarterlyDividendPaymentDatenextprecedingthedateofissueofsuchsharesofSeriesAParticipatingPreferredStock,unlessthedateofissueofsuchsharesispriortotherecorddateforthefirstQuarterlyDividendPaymentDate,inwhichcasedividendsonsuchsharesshallbegintoaccruefromthedateofissueofsuchshares,orunlessthedateofissueisaQuarterlyDividendPaymentDateorisadateaftertherecorddateforthedeterminationofholdersofsharesofSeriesAParticipatingPreferredStockentitledtoreceiveaquarterlydividendandbeforesuchQuarterlyDividendPaymentDate,ineitherofwhicheventssuchdividendsshallbegintoaccruefromsuchQuarterlyDividendPaymentDate.Accruedbutunpaiddividendsshallnotbearinterest.DividendspaidonthesharesofSeriesAParticipatingPreferredStockinanamountlessthanthetotalamountofsuchdividendsatthetimeaccruedandpayableonsuchsharesshallbeallocatedprorataonashare-by-sharebasisamongallsuchsharesatthetimeoutstanding.TheBoardofDirectorsmayfixarecorddateforthedeterminationofholdersofsharesofSeriesAParticipatingPreferredStockentitledtoreceivepaymentofadividendordistributiondeclaredthereon,whichrecorddateshallbenomorethan30dayspriortothedatefixedforthepaymentthereof.
4.VOTINGRIGHTS.TheholdersofsharesofSeriesAParticipatingPreferredStockshallhavethefollowingvotingrights:
(a)EachshareofSeriesAParticipatingPreferredStockshallentitletheholderthereofto1,000votesonallmatterssubmittedtoavoteofthestockholdersoftheCorporation.
(b)Exceptasotherwiseprovidedhereinorbylaw,theholdersofsharesofSeriesAParticipatingPreferredStockandtheholdersofsharesofCommonStockshallvotetogetherasoneclassonallmatterssubmittedtoavoteofstockholdersoftheCorporation.
(c)Exceptasrequiredbylaw,theholdersofSeriesAParticipatingPreferredStockshallhavenospecialvotingrightsandtheirconsentshallnotberequired(excepttotheextentthattheyareentitledtovotewithholdersofCommonStockassetforthherein)fortakinganycorporateaction.
5.CERTAINRESTRICTIONS.
(a)TheCorporationshallnotdeclareanydividendon,makeanydistributionon,orredeemorpurchaseorotherwiseacquireforconsiderationanysharesofCommonStockafterthefirstissuanceofashareorfractionofashareofSeriesAParticipatingPreferredStockunlessconcurrentlytherewithitshalldeclareadividendontheSeriesAParticipatingPreferredStockasrequiredbySection3hereof.
(b)WheneverquarterlydividendsorotherdividendsordistributionspayableontheSeriesAParticipatingPreferredStockasprovidedinSection3areinarrears,thereafteranduntilallaccruedandunpaiddividendsanddistributions,whetherornotdeclared,onsharesofSeriesAParticipatingPreferredStockoutstandingshallhavebeenpaidinfull,theCorporationshallnot
(i)declareorpaydividendson,makeanyotherdistributionson,orredeemorpurchaseorotherwiseacquireforconsiderationanysharesofstockrankingjunior(eitherastodividendsoruponliquidation,dissolutionorwindingup)totheSeriesAParticipatingPreferredStock;
(ii)declareorpaydividendson,ormakeanyotherdistributionsonanysharesofstockrankingonaparity(eitherastodividendsoruponliquidation,dissolutionorwindingup)withtheSeriesAParticipatingPreferredStock,exceptdividendspaidratablyontheSeriesAParticipatingPreferredStockandallsuchparitystockonwhichdividendsarepayableorinarrearsinproportiontothetotalamountstowhichtheholdersofallsuchsharesarethenentitled;
(iii)redeemorpurchaseorotherwiseacquireforconsiderationsharesofanystockrankingonaparity(eitherastodividendsoruponliquidation,dissolutionorwindingup)withtheSeriesAParticipatingPreferredStock,providedthattheCorporationmayatanytimeredeem,purchaseorotherwiseacquiresharesofanysuchparitystockinexchangeforsharesofanystockoftheCorporationrankingjunior(eitherastodividendsorupondissolution,liquidationorwindingup)totheSeriesAParticipatingPreferredStock;
(iv)purchaseorotherwiseacquireforconsiderationanysharesofSeriesAParticipatingPreferredStock,oranysharesofstockrankingonaparitywiththeSeriesAParticipatingPreferredStock,exceptinaccordancewithapurchaseoffermadeinwritingorbypublication(asdeterminedbytheBoardofDirectors)toallholdersofsuchsharesuponsuchtermsastheBoardofDirectors,afterconsiderationoftherespectiveannualdividendratesandotherrelativerightsandpreferencesoftherespectiveseriesandclasses,shalldetermineingoodfaithwillresultinfairandequitabletreatmentamongtherespectiveseriesorclasses.
(c)TheCorporationshallnotpermitanysubsidiaryoftheCorporationtopurchaseorotherwiseacquireforconsiderationanysharesofstockoftheCorporationunlesstheCorporationcould,underparagraph(a)ofthisSection5,purchaseorotherwiseacquiresuchsharesatsuchtimeandinsuchmanner.
6.REACQUIREDSHARES.AnysharesofSeriesAParticipatingPreferredStockpurchasedorotherwiseacquiredbytheCorporationinanymannerwhatsoevershallberetiredandcanceledpromptlyaftertheacquisitionthereof.AllsuchsharesshallupontheircancellationbecomeauthorizedbutunissuedsharesofPreferredStockandmaybereissuedaspartofanewseriesofPreferredStocktobecreatedbyresolutionorresolutionsoftheBoardofDirectors,subjecttotheconditionsandrestrictionsonissuancesetforthhereinandintheCertificateofIncorporation,asthenamended.
7.LIQUIDATION,DISSOLUTIONORWINDINGUP.Uponanyliquidation,dissolutionorwindingupoftheCorporation,theholdersofsharesofSeriesAParticipatingPreferredStockshallbeentitledtoreceiveanaggregateamountpershareequalto1,000timestheaggregateamounttobedistributedpersharetoholdersofsharesofCommonStockplusanam
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