Advance Notice Bylaw Provisions
(Long Form)


Summary

These long form advance notice bylaws expand upon the concepts set forth in the short form (See Advance Notice Bylaw Provisions (Short Form)) by increasing the amount and scope of information that must be disclosed by a proposing stockholder and establishing conditions and requirements for valid director nominees to serve on the board. Many of the requirements set forth in the long form advance notice bylaws work to provide a company with more detailed and thorough information about the proposing stockholder, its ownership interest, the interests it represents and any arrangements it may have with other stockholders or potential director nominees. With this information, the corporation is better positioned to evaluate stockholder director nominees, respond to stockholder proposals and/or avoid proxy contests. For example, the long form advance notice provisions require the disclosure of additional and more detailed information about the proposing stockholder, its relationships and ...