EXHIBIT
3.3
AMENDED
AND RESTATED BYLAWS
of
SELECT
VIDEO, INC.
(a
Delaware Corporation)
ARTICLE
1
CERTAIN
DEFINITIONS
As
used
in these Bylaws, unless the context otherwise requires, the term:
1.1 “Assistant
Secretary” means an Assistant Secretary of the Corporation.
1.2 “Assistant
Treasurer” means an Assistant Treasurer of the Corporation.
1.3 “Board”
means the Board of Directors of the Corporation.
1.4 “Bylaws”
means the these Amended and Restated Bylaws of the Corporation, as amended
from
time to time.
1.5 “Certificate
of Incorporation” means the initial certificate of incorporation of the
Corporation, as amended, supplemented or restated from time to
time.
1.6 “Chairman”
means the Chairman of the Board of Directors of the Corporation.
1.7 “Corporation”
means Select Video, Inc.
1.8 “Directors”
means directors of the Corporation.
1.9 “Entire
Board” means all then-authorized directors of the Corporation.
1.10 “General
Corporation Law” means the General Corporation Law of the State of Delaware, as
amended from time to time.
1.11 “Office
of the Corporation” means the executive office of the Corporation, anything in
Section 131 of the General Corporation Law to the contrary
notwithstanding.
1.12 “President”
means the President of the Corporation.
1.13 “Secretary”
means the Secretary of the Corporation.
1.14 “Stockholders”
means stockholders of the Corporation.
1.15 “Treasurer”
means the Treasurer of the Corporation.
1.16 “Vice
President” means a Vice President of the Corporation.
ARTICLE
2
STOCKHOLDERS
2.1 Place
of Meetings.
Every
meeting of Stockholders may be held at such place, within or without the State
of Delaware, as may be designated by resolution of the Board from time to time.
2.2 Annual
Meeting.
If
required by applicable law, a meeting of Stockholders shall be held annually
for
the election of Directors at such date and time as may be designated by
resolution of the Board from time to time. Any other business may be transacted
at the annual meeting.
2.3 Special
Meetings.
Unless
otherwise prescribed by applicable law, special meetings of Stockholders may
be
called at any time by the Board and may not be called by any other person or
persons. Business transacted at any special meeting of Stockholders shall be
limited to the purpose stated in the notice.
2.4 Fixing
Record Date.
For the
purpose of (a) determining the Stockholders entitled (i) to notice of
or to vote at any meeting of Stockholders or any adjournment thereof,
(ii) unless otherwise provided in the Certificate of Incorporation, to
express consent to corporate action in writing without a meeting or
(iii) to receive payment of any dividend or other distribution or allotment
of any rights, or entitled to exercise any rights in respect of any change,
conversion or exchange of stock; or (b) any other lawful action, the Board
may fix a record date, which record date shall not precede the date upon which
the resolution fixing the record date was adopted by the Board and which record
date, unless otherwise required by applicable law, shall not be (x) in the
case of clause (a)(i) above, more than 60 nor less than 10 days before
the date of such meeting, (y) in the case of clause (a)(ii) above,
more than 10 days after the date upon which the resolution fixing the
record date was adopted by the Board and (z) in the case of
clause (a)(iii) or (b) above, more than 60 days prior to such action.
If no such record date is fixed:
2.4.1 the
record date for determining Stockholders entitled to notice of or to vote at
a
meeting of Stockholders shall be at the close of business on the day next
preceding the day on which notice is given, or, if notice is waived, at the
close of business on the day next preceding the day on which the meeting is
held;
2.4.2 the
record date for determining Stockholders entitled to express consent to
corporate action in writing without a meeting (unless otherwise provided in
the
Certificate of Incorporation), when no prior action by the Board is required
by
applicable law, shall be the first day on which a signed written consent setting
forth the action taken or proposed to be taken is delivered to the Corporation
in accordance with applicable law; and when prior action by the Board is
required by applicable law, the record date for determining Stockholders
entitled to express consent to corporate action in writing without a meeting
shall be at the close of business on the date on which the Board adopts the
resolution taking such prior action; and
2.4.3 the
record date for determining Stockholders for any purpose other than those
specified in Sections 2.4.1 and 2.4.2 shall be at the close of business on
the
day on which the Board adopts the resolution relating thereto. When a
determination of Stockholders of record entitled to notice of or to vote at
any
meeting of Stockholders has been made as provided in this Section 2.4, such
determination shall apply to any adjournment thereof unless the Board fixes
a
new record date for the adjourned meeting.
2.5 Notice
of Meetings of Stockholders.
Whenever under the provisions of applicable law, the Certificate of
Incorporation or these Bylaws, Stockholders are required or permitted to take
any action at a meeting, notice shall be given stating the place, if any, date
and hour of the meeting ,the means of remote communication, if any, by which
Stockholders and proxy holders may be deemed to be present in person and vote
at
such meeting, and, in the case of a special meeting, the purpose or purposes
for
which the meeting is called. Unless otherwise provided by applicable law, the
Certificate of Incorporation or these Bylaws, notice of any meeting shall be
given, not less than 10 nor more than 60 days before the date of the meeting,
to
each Stockholder entitled to vote at such meeting. If mailed, such notice shall
be deemed to be given when deposited in the United States mail, with postage
prepaid, directed to the Stockholder at his or her address as it appears on
the
records of the Corporation. An affidavit of the Secretary or an Assistant
Secretary or of the transfer agent of the Corporation that the notice required
by this Section 2.5 has been given shall, in the absence of fraud, be prima
facie evidence of the facts stated therein. Any meeting of Stockholders, annual
or special, may adjourn from time to time to reconvene at the same or some
other
place. When a meeting is adjourned to another time or place, notice need not
be
given of the adjourned meeting if the time and place thereof are announced
at
the meeting at which the adjournment is taken, and at the adjourned meeting
any
business may be transacted that might have been transacted at the meeting as
originally called. If, however, the adjournment is for more than 30 days, or
if
after the adjournment a new record date is fixed for the adjourned meeting,
a
notice of the adjourned meeting shall be given to each Stockholder of record
entitled to vote at the meeting.
2.6 Waivers
of Notice.
Whenever the giving of any notice to Stockholders is required by applicable
law,
the Certificate of Incorporation or these Bylaws, a waiver thereof, given by
the
person entitled to said notice, whether before or after the event as to which
such notice is required, shall be deemed equivalent to notice. Attendance by
a
Stockholder at a meeting shall constitute a waiver of notice of such meeting
except when the Stockholder attends a meeting for the express purpose of
objecting, at the beginning of the meeting, to the transaction of any business
on the ground that the meeting has not been lawfully called or convened. Neither
the business to be transacted at, nor the purpose of, any regular or special
meeting of the Stockholders need be specified in any waiver of notice unless
so
required by applicable law, the Certificate of Incorporation or these
Bylaws.
2.7 List
of Stockholders.
The
Secretary shall prepare and make, at least 10 days before every meeting of
Stockholders, a complete list of the Stockholders entitled to vote at the
meeting, arranged in alphabetical order, and showing the address of each
Stockholder and the number of shares registered in the name of each Stockholder.
Such list shall be open to the examination of any Stockholder, the Stockholder’s
agent, or attorney, at the Stockholder’s expense, for any purpose germane to the
meeting, for a period of at least 10 days prior to the meeting, during ordinary
business hours at the principal place of business of the Corporation, or on
a
reasonably accessible electronic network as provided by applicable law. If
the
meeting is to be held at a place, the list shall also be produced and kept
at
the time and place of the meeting during the whole time thereof, and may be
inspected by any Stockholder who is present. If the meeting is held solely
by
means of remote communication, the list shall also be open for examination
as
provided by applicable law. Upon the willful neglect or refusal of the Directors
to produce such a list at any meeting for the election of Directors, they shall
be ineligible for election to any office at such meeting. Except as provided
by
applicable law, the stock ledger shall be the only evidence as to who are the
Stockholders entitled to examine the stock ledger, the list of Stockholders
or
the books of the Corporation, or to vote in person or by proxy at any meeting
of
Stockholders.
2.8 Quorum
of Stockholders; Adjournment.
Except
as otherwise provided by applicable law, the Certificate of Incorporation or
these Bylaws, at each meeting of Stockholders, the presence in person or by
proxy of the holders of a majority in voting power of all outstanding shares
of
stock entitled to vote at the meeting of Stockholders, shall constitute a quorum
for the transaction of any business at such meeting. In the absence of a quorum,
the holders of a majority in voting power of the shares of stock present in
person or represented by proxy at any meeting of Stockholders, including an
adjourned meeting, whether or not a quorum is present, may adjourn such meeting
to another time and place. Shares of its own stock belonging to the Corporation
or to another corporation, if a majority of the shares entitled to vote in
the
election of directors of such other corporation is held, directly or indirectly,
by the Corporation, shall neither be entitled to vote nor be counted for quorum
purposes; provided,
however,
that
the foregoing shall not limit the right of the Corporation to vote stock,
including but not limited to its own stock, held by it in a fiduciary
capacity.
2.9 Voting;
Proxies.
Unless
otherwise provided in the Certificate of Incorporation, every Stockholder
entitled to vote at any meeting of Stockholders shall be entitled to one vote
for each share of stock held by such Stockholder which has voting power upon
the
matter in question. At any meeting of Stockholders, all matters, except as
otherwise provided by the Certificate of Incorporation, these Bylaws, the rules
and regulations of any stock exchange applicable to the Corporation, applicable
law or pursuant to any rules or regulations applicable to the Corporation or
its
securities, shall be decided by the affirmative vote of a majority in voting
power of shares of stock present in person or represented by proxy and entitled
to vote thereon. At all meetings of Stockholders for the election of Directors,
a plurality of the votes cast shall be sufficient to elect. Each Stockholder
entitled to vote at a meeting of Stockholders or to express consent or dissent
to corporate action in writing without a meeting may authorize another person
or
persons to act for such Stockholder by proxy but no such proxy shall be voted
or
acted upon after three years from its date, unless the proxy provides for a
longer period. A proxy shall be irrevocable if it states that it is irrevocable
and if, and only so long as, it is coupled with an interest sufficient in law
to
support an irrevocable power. A Stockholder may revoke any proxy that is not
irrevocable by attending the meeting and voting in person or by delivering
to
the Secretary a revocation of the proxy or by delivering a new proxy bearing
a
later date.
2.10 Voting
Procedures and Inspectors of Election at Meetings of
Stockholders.
The
Board, in advance of any meeting of Stockholders, may, and shall if required
by
applicable law, appoint one or more inspectors, who may be employees of the
Corporation, to act at the meeting and make a written report thereof. The Board
may designate one or more persons as alternate inspectors to replace any
inspector who fails to act. If no inspector or alternate is able to act at
a
meeting, the person presiding at the meeting may, and shall if required by
applicable law, appoint one or more inspectors to act at the meeting. Each
inspector, before entering upon the discharge of his or her duties, shall take
and sign an oath faithfully to execute the duties of inspector with strict
impartiality and according to the best of his or her ability. The inspectors
shall (a) ascertain the number of shares outstanding and the voting power
of each, (b) determine the shares represented at the meeting and the validity
of
proxies and ballots, (c) count all votes and ballots, (d) determine
and retain for a reasonable period a record of the disposition of any challenges
made to any determination by the inspectors, and (e) certify their
determination of the number of shares represented at the meeting and their
count
of all votes and ballots. The inspectors may appoint or retain other persons
or
entities to assist the inspectors in the performance of their duties. Unless
otherwise provided by the Board, the date and time of the opening and the
closing of the polls for each matter upon which the Stockholders will vote
at a
meeting shall be determined by the person presiding at the meeting and shall
be
announced at the meeting. No ballot, proxies or votes, or any revocation thereof
or change thereto, shall be accepted by the inspectors after the closing of
the
polls unless the Court of Chancery of the State of Delaware upon application
by
a Stockholder shall determine otherwise. In determining the validity and
counting of proxies and ballots cast at any meeting of Stockholders, the
inspectors may consider such information as is permitted by applicable law.
No
person who is a candidate for office at an election may serve as an inspector
at
such election.
2.11 Conduct
of Meetings; Organization.
The
Board may adopt by resolution such rules and regulations for the conduct of
the
meeting of Stockholders as it shall deem appropriate. Unless another officer
is
designated by the Board, at each meeting of Stockholders, the President, or
in
the absence of the President, the Chairman, or if there is no Chairman or if
there be one and the Chairman is absent, a Vice President, and in case more
than
one Vice President shall be present, that Vice President designated by the
Board
(or in the absence of any such designation, the most senior Vice President,
based on age, present), shall preside over the meeting. Except to the extent
inconsistent with such rules and regulations as adopted by the Board, the person
presiding over any meeting of Stockholders shall have the right and authority
to
convene and to adjourn the meeting, to prescribe such rules, regulations and
procedures and to do all such acts as, in the judgment of such person, are
appropriate for the proper conduct of the meeting. Such rules, regulations
or
procedures, whether adopted by the Board or prescribed by the presiding officer
of the meeting, may include, without limitation, the following: (i) the
establishment of an agenda or order of business for the meeting; (ii) rules
and
procedures for maintaining order at the meeting and the safety of those present;
(iii) limitations on attendance at or participation in the meeting to
Stockholders of record of the Corporation, their duly authorized and constituted
proxies or such other persons as the person presiding over the meeting shall
determine; (iv) restrictions on entry to the meeting after the time fixed for
the commencement thereof; and (v) limitations on the time allotted to questions
or comments by participants. The presiding officer at any meeting of
Stockholders, in addition to making any other determinations that may be
appropriate to the conduct of the meeting, shall, if the facts warrant,
determine and declare to the meeting that a matter or business was not properly
brought before the meeting and if such presiding officer should so determine,
such person shall so declare to the meeting and any such matter or business
not
properly brought before the meeting shall not be transacted or considered.
Unless and to the extent determined by the Board or the person presiding over
the meeting, meetings of Stockholders shall not be required to be held in
accordance with the rules of parliamentary procedure. The Secretary, or in
his
or her absence, one of the Assistant Secretaries, shall act as secretary of
the
meeting. In case none of the officers above designated to act as the person
presiding over the meeting or as secretary of the meeting, respectively, shall
be present, a person presiding over the meeting or a secretary of the meeting,
as the case may be, shall be designated by the Board, and in case the Board
has
not so acted, in the case of the designation of a person to act as secretary
of
the meeting, designated by the person presiding over the meeting.
2.12 Order
of Business.
The
order of business at all meetings of Stockholders shall be as determined by
the
person presiding over the meeting.
2.13 Written
Consent of Stockholders Without a Meeting.
Unless
otherwise provided in the Certificate of Incorporation, any action required
by
the General Corporation Law to be taken at any annual or special meeting of
Stockholders may be taken without a meeting, without prior notice and without
a
vote, if a consent or consents in writing, setting forth the action so taken,
shall be signed by the holders of outstanding stock having not less than the
minimum number of votes that would be necessary to authorize or take such action
at a meeting at which all shares entitled to vote thereon were present and
voted
and shall be delivered (by hand or by certified or registered mail, return
receipt requested) to the Corporation by delivery to its registered office
in
the State of Delaware, its principal place of business, or an officer or agent
of the Corporation having custody of the book in which proceedings of meetings
of Stockholders are recorded. Every written consent shall bear the date of
signature of each Stockholder who signs the consent and no written consent
shall
be effective to take the corporate action referred to therein unless, within
60 days of the earliest dated consent delivered in the manner required by
this Section 2.13, written consents signed by a sufficient number of
holders to take action are delivered to the Corporation as aforesaid. Prompt
notice of the taking of the corporate action without a meeting by less than
unanimous written consent shall, to the extent required by applicable law,
be
given to those Stockholders who have not consented in writing, and who, if
the
action had been taken at a meeting, would have been entitled to notice of the
meeting if the record date for such meeting had been the date that written
consents signed by a sufficient number of holders to take the action were
delivered to the Corporation.
ARTICLE
3
DIRECTORS
3.1 General
Powers.
Except
as otherwise provided in the Certificate of Incorporation, the business and
affairs of the Corporation shall be managed by or under the direction of the
Board. The Board may adopt such rules and regulations, not inconsistent with
the
Certificate of Incorporation or these Bylaws or applicable law, as it may deem
proper for the conduct of its meetings and the management of the
Corporation.
3.2 Number;
Qualification; Term of Office.
The
Board shall consist of one or more members, the number thereof to be determined
from time to time by resolution of the Board. Directors need not be
Stockholders. Each Director shall hold office until a successor is duly elected
and qualified or until the Director’s earlier death, resignation,
disqualification or removal.
3.3 Newly
Created Directorships and Vacancies.
Unless
otherwise provided by applicable law or the Certificate of Incorporation, any
newly created directorships resulting from an increase in the authorized number
of Directors and vacancies occurring in the Board for any cause, may be filled
by the affirmative votes of a majority of the remaining members of the Board,
although less than a quorum, or by a sole remaining Director, or may be elected
by a plurality of the votes cast. A Director so elected shall be elected to
hold
office until the expiration of the term of office of the Director whom he or
she
has replaced or until a successor is elected and qualified, or until the
Director’s earlier death, resignation or removal.
3.4 Resignation.
Any
Director may resign at any time by notice given in writing or by electronic
transmission to the Corporation. Such resignation shall take effect at the
time
therein specified, and, unless otherwise specified in such resignation, the
acceptance of such resignation shall not be necessary to make it
effective.
3.5 Regular
Meetings.
Regular
meetings of the Board may be held without notice at such times and at such
places within or without the State of Delaware as may be determined from time
to
time by resolution of the Board.
3.6 Special
Meetings.
Special
meetings of the Board may be held at such times and at such places within or
without the State of Delaware whenever called by the Chairman, the President
or
the Secretary or by any two or more Directors then serving as Directors on
at
least 24 hours’ notice to each Director given by one of the means specified in
Section 3.9 hereof other than by mail, or on at least three days’ notice if
given by mail. Special meetings shall be called by the Chairman, President
or
Secretary in like manner and on like notice on the written request of any two
or
more of the Directors then serving as Directors.
3.7 Telephone
Meetings.
Directors or members of any committee designated by the Board may participate
in
a meeting of the Board or of such committee by means of conference telephone
or
similar communications equipment by means of which all persons participating
in
the meeting can hear each other, and participation in a meeting pursuant to
this
Section 3.7 shall constitute presence in person at such
meeting.
3.8 Adjourned
Meetings.
A
majority of the Directors present at any meeting of the Board, including an
adjourned meeting, whether or not a quorum is present, may adjourn such meeting
to another time and place. At least 24 hours’ notice of any adjourned meeting of
the Board shall be given to each Director whether or not present at the time
of
the adjournment, if such notice shall be given by one of the means specified
in
Section 3.9 hereof other than by mail, or at least three days’ notice if by
mail. Any business may be transacted at an adjourned meeting that might have
been transacted at the meeting as originally called.
3.9 Notice
Procedure.
Subject
to Sections 3.6 and 3.10 hereof, whenever, under applicable law, the
Certificate of Incorporation or these Bylaws, notice is required to be given
to
any Director, such notice shall be deemed given effectively if given in person
or by telephone, by mail addressed to such Director at such Director’s address
as it appears on the records of the Corporation, with postage thereon prepaid,
or by telegram, telecopy or, if consented to by the Director to whom notice
is
given, by other means of electronic transmission.
3.10 Waiver
of Notice.
Whenever the giving of any notice to Directors is required by applicable law,
the Certificate of Incorporation or these Bylaws, a waiver thereof, given by
the
Director entitled to said notice, whether before or after the event as to which
such notice is required, shall be deemed equivalent to notice. Attendance by
a
Director at a meeting shall constitute a waiver of notice of such meeting except
when the Director attends a meeting for the express purpose of objecting, at
the
beginning of the meeting, to the transaction of any business on the ground
that
the meeting has not been lawfully called or convened. Neither the business
to be
transacted at, nor the purpose of, any regular or special meeting of the
Directors or a committee of Directors need be specified in any waiver of notice
unless so required by applicable law, the Certificate of Incorporation or these
Bylaws.
3.11 Organization.
At each
meeting of the Board, the Chairman, or in the absence of the Chairman, the
President, or in the absence of the President, a chairman chosen by a majority
of the Directors present, shall preside. The Secretary shall act as secretary
at
each meeting of the Board. In case the Secretary shall be absent from any
meeting of the Board, an Assistant Secretary shall perform the duties of
secretary at such meeting; and in the absence from any such meeting of the
Secretary and all Assistant Secretaries, the person presiding at the meeting
may
appoint any person to act as secretary of the meeting.
3.12 Quorum
of Directors.
The
presence in person of a majority of the Entire Board shall be necessary and
sufficient to constitute a quorum for the transaction of business at any meeting
of the Board.
3.13 Action
by Majority Vote.
Except
as otherwise expressly required by applicable law, the Certificate of
Incorporation or these Bylaws, the vote of a majority of the Directors present
at a meeting at which a quorum is present shall be the act of the
Board.
3.14 Action
Without Meeting.
Unless
otherwise restricted by the Certificate of Incorporation or these Bylaws, any
action required or permitted to be taken at any meeting of the Board or of
any
committee thereof may be taken without a meeting if all Directors or members
of
such committee, as the case may be, consent thereto in writing or by electronic
transmission, and the writing or writings or electronic transmission or
transmissions are filed with the minutes of proceedings of the Board or
committee.
ARTICLE
4
COMMITTEES
OF THE BOARD
The
Board
may, by resolution, designate one or more committees, each committee to consist
of one or more of the Directors of the Corporation. The Board may designate
one
or more Directors as alternate members of any committee, who may replace any
absent or disqualified member at any meeting of such committee. If a member
of a
committee shall be absent from any meeting, or disqualified from voting thereat,
the remaining member or members present at the meeting and not disqualified
from
voting, whether or not such member or members constitute a quorum, may, by
a
unanimous vote, appoint another member of the Board to act at the meeting in
the
place of any such absent or disqualified member. Any such committee, to the
extent permitted by applicable law and to the extent provided in the resolution
of the Board designating such committee, shall have and may exercise all the
powers and authority of the Board in the management of the business and affairs
of the Corporation, and may authorize the seal of the Corporation to be affixed
to all papers that may require it. Unless otherwise specified in the resolution
of the Board designating a committee, at all meetings of such committee, a
majority of the then authorized members of the committee shall constitute a
quorum for the transaction of business, and the vote of a majority of the
members of the committee present at any meeting at which there is a quorum
shall
be the act of the committee. Each committee shall keep regular minutes of its
meetings. Unless the Board otherwise provides, each committee designated by
the
Board may make, alter and repeal rules for the conduct of its business. In
the
absence of such rules each committee shall conduct its business in the same
manner as the Board conducts its business pursuant to Article 3 of these
Bylaws.
ARTICLE
5
OFFICERS
5.1 Positions.
The
officers of the Corporation shall be a President, a Secretary, a Treasurer
and
such other officers as the Board may elect, including a Chairman, one or more
Vice Presidents and one or more Assistant Secretaries and Assistant Treasurers,
who shall exercise such powers and perform such duties as shall be determined
from time to time by resolution of the Board. The Board may elect one or more
Vice Presidents as Executive Vice Presidents and may use descriptive words
or
phrases to designate the standing, seniority or areas of special competence
of
the Vice Presidents elected or appointed by it. Any number of offices may be
held by the same person unless the Certificate of Incorporation or these Bylaws
otherwise provide.
5.2 Election.
The
officers of the Corporation shall be elected by the Board at its annual meeting
or at such other time or times as the Board shall determine.
5.3 Term
of Office.
Each
officer of the Corporation shall hold office for the term for which he or she
is
elected and until such officer’s successor is elected and qualifies or until
such officer’s earlier death, resignation or removal. Any officer may resign at
any time upon written notice to the Corporation. Such resignation shall take
effect at the date of receipt of such notice or at such later time as is therein
specified, and, unless otherwise specified, the acceptance of such resignation
shall not be necessary to make it effective. The resignation of an officer
shall
be without prejudice to the contract rights of the Corporation, if any. Any
officer may be removed at any time, with or without cause by the Board. Any
vacancy occurring in any office of the Corporation may be filled by the Board.
The removal of an officer with or without cause shall be without prejudice
to
the officer’s contract rights, if any. The election or appointment of an officer
shall not of itself create contract rights.
5.4 Fidelity
Bonds.
The
Corporation may secure the fidelity of any or all of its officers or agents
by
bond or otherwise.
5.5 Chairman.
The
Chairman, if one shall have been appointed, shall preside at all meetings of
the
Board and shall exercise such powers and perform such other duties as shall
be
determined from time to time by resolution of the Board.
5.6 President.
Unless
a separate Chief Executive Officer has been appointed by the Board, the
President shall be the Chief Executive Officer of the Corporation and shall
have
general supervision over the business of the Corporation, subject, however,
to
the control of the Board and of any duly authorized committee of the Board.
Except as otherwise provided in Section 2.11, the President shall preside at
all
meetings of the Stockholders and shall also preside at all meetings of the
Board
at which the Chairman (if there be one) is not present. The President may sign
and execute in the name of the Corporation deeds, mortgages, bonds, contracts
and other instruments, except in cases in which the signing and execution
thereof shall be expressly delegated by resolution of the Board or by these
Bylaws to some other officer or agent of the Corporation, or shall be required
by applicable law otherwise to be signed or executed and, in general, the
President shall perform all duties incident to the office of President of a
corporation and such other duties as may from time to time be assigned to the
President by resolution of the Board.
5.7 Vice
Presidents.
At the
request of the President, or, in the President’s absence, at the request of the
Board, the Vice Presidents shall (in such order as may be designated by the
Board, or, in the absence of any such designation, in order of seniority based
on age) perform all of the duties of the President and, in so performing, shall
have all the powers of, and be subject to all restrictions upon, the President.
Any Vice President may sign and execute in the name of the Corporation deeds,
mortgages, bonds, contracts or other instruments, except in cases in which
the
signing and execution thereof shall be expressly delegated by resolution of
the
Board or by these Bylaws to some other officer or agent of the Corporation,
or
shall be required by applicable law otherwise to be signed or executed, and
each
Vice President shall perform such other duties as from time to time may be
assigned to such Vice President by resolution of the Board or by the
President.
5.8 Secretary.
The
Secretary shall attend all meetings of the Board and of the Stockholders and
shall record all the proceedings of the meetings of the Board and of the
Stockholders in a book to be kept for that purpose, and shall perform like
duties for committees of the Board, when required. The Secretary shall give,
or
cause to be given, notice of all special meetings of the Board and of the
Stockholders and shall perform such other duties as may be prescribed by the
Board or by the President, under whose supervision the Secretary shall be.
The
Secretary shall have custody of the corporate seal of the Corporation, and
the
Secretary, or an Assistant Secretary, shall have authority to affix the same
on
any instrument requiring it, and when so affixed, the seal may be attested
by
the signature of the Secretary or by the signature of such Assistant Secretary.
The Board may, by resolution, give general authority to any other officer to
affix the seal of the Corporation and to attest the same by such officer’s
signature. The Secretary or an Assistant Secretary may also attest all
instruments signed by the President or any Vice President. The Secretary shall
have charge of all the books, records and papers of the Corporation relating
to
its organization and management, shall see that the reports, statements and
other documents required by applicable law are properly kept and filed and,
in
general, shall perform all duties incident to the office of Secretary of a
corporation and such other duties as may from time to time be assigned to the
Secretary by resolution of the Board or by the President.
5.9 Treasurer.
The
Treasurer, who may also be the Chief Financial Officer, shall have charge and
custody of, and be responsible for, all funds, securities and notes of the
Corporation; receive and give receipts for moneys due and payable to the
Corporation from any sources whatsoever; deposit all such moneys and valuable
effects in the name and to the credit of the Corporation in such depositaries
as
may be designated by the Board; against proper vouchers, cause such funds to
be
disbursed by checks or drafts on the authorized depositaries of the Corporation
signed in such manner as shall be determined by the Board and be responsible
for
the accuracy of the amounts of all moneys so disbursed; regularly enter or
cause
to be entered in books or other records maintained for the purpose full and
adequate account of all moneys received or paid for the account of the
Corporation; have the right to require from time to time reports or statements
giving such information as the Treasurer may desire with respect to any and
all
financial transactions of the Corporation from the officers or agents
transacting the same; render to the President or the Board, whenever the
President or the Board shall require the Treasurer so to do, an account of
the
financial condition of the Corporation and of all financial transactions of
the
Corporation; disburse the funds of the Corporation as ordered by the Board;
and,
in general, perform all duties incident to the office of Treasurer of a
corporation and such other duties as may from time to time be assigned to the
Treasurer by resolution of the Board or by the President.
5.10 Assistant
Secretaries and Assistant Treasurers.
Assistant Secretaries and Assistant Treasurers shall perform such duties as
shall be assigned to them by the Secretary or by the Treasurer, respectively,
or
by resolution of the Board or by the President.
ARTICLE
6
INDEMNIFICATION
6.1 Right
to Indemnification.
The
Corporation shall indemnify and hold harmless, to the fullest extent permitted
by applicable law as it presently exists or may hereafter be amended, any person
(a “Covered Person”) who was or is made or is threatened to be made a party or
is otherwise involved in any action, suit or proceeding, whether civil,
criminal, administrative or investigative (a “Proceeding”), by reason of the
fact that he or she, or a person for whom he or she is the legal representative,
is or was a director or officer of the Corporation or, while a director or
officer of the Corporation, is or was serving at the request of the Corporation
as a director, officer, employee or agent of another corporation or of a
partnership, joint venture, trust, enterprise or nonprofit entity (an “Other
Entity”), including service with respect to employee benefit plans, against all
liability and loss suffered and expenses (including attorneys’ fees) reasonably
incurred by such Covered Person. Notwithstanding the preceding sentence, except
as otherwise provided in Section 6.3, the Corporation shall be required to
indemnify a Covered Person in connection with a Proceeding (or part thereof)
commenced by such Covered Person only if the commencement of such Proceeding
(or
part thereof) by the Covered Person was authorized by the Board.
6.2 Prepayment
of Expenses.
The
Corporation shall pay the expenses (including attorneys’ fees) incurred by a
Covered Person in defending any Proceeding in advance of its final disposition,
provided,
however,
that,
to the extent required by applicable law, such payment of expenses in advance
of
the final disposition of the Proceeding shall be made only upon receipt of
an
undertaking by the Covered Person to repay all amounts advanced if it should
be
ultimately determined that the Covered Person is not entitled to be indemnified
under this Article 6 or otherwise.
6.3 Claims.
If a
claim for indemnification or advancement of expenses under this Article 6 is
not
paid in full within 30 days after a written claim therefor by the Covered Person
has been received by the Corporation, the Covered Person may file suit to
recover the unpaid amount of such claim and, if successful in whole or in part,
shall be entitled to be paid the expense of prosecuting such claim. In any
such
action the Corporation shall have the burden of proving that the Covered Person
is not entitled to the requested indemnification or advancement of expenses
under applicable law.
6.4 Nonexclusivity
of Rights.
The
rights conferred on any Covered Person by this Article 6 shall not be exclusive
of any other rights that such Covered Person may have or hereafter acquire
under
any statute, provision of this Certificate of Incorporation, the Bylaws,
agreement, vote of stockholders or disinterested directors or
otherwise.
6.5 Other
Sources.
The
Corporation’s obligation, if any, to indemnify or to advance expenses to any
Covered Person who was or is serving at its request as a director, officer,
employee or agent of an Other Entity shall be reduced by any amount such Covered
Person may collect as indemnification or advancement of expenses from such
Other
Entity.
6.6 Amendment
or Repeal.
Any
repeal or modification of the foregoing provisions of this Article 6 shall
not
adversely affect any right or protection hereunder of any Covered Person in
respect of any act or omission occurring prior to the time of such repeal or
modification.
6.7 Other
Indemnification and Prepayment of Expenses.
This
Article 6 shall not limit the right of the Corporation, to the extent and in
the
manner permitted by applicable law, to indemnify and to advance expenses to
persons other than Covered Persons when and as authorized by appropriate
corporate action.
ARTICLE
7
GENERAL
PROVISIONS
7.1 Certificates
Representing Shares.
Shares
of the Corporation's stock may be certificated or uncertificated, as provided
under Delaware law. Every holder of stock represented by certificates, and
upon
request every holder of uncertificated shares, shall be entitled to have a
certificate signed by or in the name of the Corporation by the Chairman, if
any,
or the President or a Vice President and by the Secretary or an Assistant
Secretary or the Treasurer or an Assistant Treasurer, certifying the number
of
shares owned by such Stockholder in the Corporation. Any or all of the
signatures upon a certificate may be facsimiles. In case any officer, transfer
agent or registrar who has signed or whose facsimile signature has been placed
upon any certificate shall have ceased to be such officer, transfer agent or
registrar before such certificate is issued, such certificate may be issued
by
the Corporation with the same effect as if such person were such officer,
transfer agent or registrar at the date of issue.
7.2 Transfer
and Registry Agents.
The
Corporation may from time to time maintain one or more transfer offices or
agents and registry offices or agents at such place or places as may be
determined from time to time by the Board.
7.3 Lost,
Stolen or Destroyed Certificates.
The
Corporation may issue a new certificate of stock in the place of any certificate
theretofore issued by it, alleged to have been lost, stolen or destroyed, and
the Corporation may require the owner of the lost, stolen or destroyed
certificate, or his legal representative, to give the Corporation a bond
sufficient to indemnify it against any claim that may be made against it on
account of the alleged loss, theft or destruction of any such certificate or
the
issuance of such new certificate.
7.4 Form
of Records.
Any
records maintained by the Corporation in the regular course of its business,
including its stock ledger, books of account, and minute books, may be kept
on,
or by means of, or be in the form of, any information storage device or method,
provided that the records so kept can be converted into clearly legible paper
form within a reasonable time. The Corporation shall so convert any records
so
kept upon the request of any person entitled to inspect such records pursuant
to
applicable law.
7.5 Seal.
The
Board may provide for a corporate seal, in which case such corporate seal shall
have the name of the Corporation inscribed thereon and shall be in such form
as
may be approved from time to time by the Board. The seal may be used by causing
it or a facsimile thereof to be impressed or affixed or otherwise
reproduced.
7.6 Fiscal
Year.
The
fiscal year of the Corporation shall be determined by resolution of the Board
and may be changed by the Board.
7.7 Amendments.
These
Bylaws may be altered, amended or repealed and new Bylaws may be adopted by
the
Board, but the Stockholders may make additional Bylaws and may alter and repeal
any Bylaws whether adopted by them or otherwise.