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Agreement and Plan of Merger

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Title:

Agreement and Plan of Merger

Entities:

PSC, Inc.

Date:

2000

Size:

Preview shows 6KB of 186KB total

Price:

$42

ID:

#1146200

► Plans ► Agreements ► Agreements & Plans of Merger
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                          AGREEMENT AND PLAN OF MERGER



                                      Among



                                  MOHAWK CORP.,



                         MOHAWK ACQUISITION CORPORATION



                                       and



                                    PSC INC.





                            Dated as of June 5, 2000

<PAGE>



                                TABLE OF CONTENTS





                                                                            Page



                                    ARTICLE I

                                   DEFINITIONS



Section 1.01. Definitions......................................................2



                                   ARTICLE II

                                    THE OFFER



Section 2.01. The Offer........................................................7

Section 2.02. Company Action...................................................9



                                   ARTICLE III

                                   THE MERGER



Section 3.01. The Merger......................................................10

Section 3.02. Effective Time..................................................10

Section 3.03. Effect of the Merger............................................10

Section 3.04. Certificate of Incorporation; By-laws...........................10

Section 3.05. Directors and Officers..........................................11

Section 3.06. Conversion of Securities........................................11

Section 3.07. Employee Stock Options..........................................12

Section 3.08. Appraisal Rights................................................13

Section 3.09. Surrender of Securities; Stock Transfer Books; Exchange Fund....13



                                   ARTICLE IV

                  REPRESENTATIONS AND WARRANTIES OF THE COMPANY



Section 4.01. Organization and Qualification; Subsidiaries....................15

Section 4.02. Certificate of Incorporation and By-laws........................16

Section 4.03. Capitalization..................................................16

Section 4.04. Authority Relative to This Agreement............................17

Section 4.05. No Conflict; Required Filings and Consents......................17

Section 4.06. Permits; Compliance.............................................18

Section 4.07. SEC Filings; Financial Statements...............................18

Section 4.08. Absence of Certain Changes or Events............................19

Section 4.09. Absence of Litigation...........................................19

Section 4.10. Employee Benefit Plans..........................................20

Section 4.11. Labor and Employment Matters....................................21

Section 4.12. Offer Documents; Schedule 14D-9; Proxy Statement................22

Section 4.13. Property and Leases.............................................23

Section 4.14. Intellectual Property...........................................24

Section 4.15. Year 2000 Compliance............................................24

Section 4.16. Taxes...........................................................25

Section 4.17. Environmental Matters...........................................25





                                       i

<PAGE>



Section 4.18. Amendment to Rights Agreement...................................25

Section 4.19. Material Contracts..............................................26

Section 4.20. Insurance.......................................................27

Section 4.21. Brokers.........................................................28



                                    ARTICLE V

             REPRESENTATIONS AND WARRANTIES OF PARENT AND PURCHASER



Section 5.01. Corporate Organization..........................................28

Section 5.02. Authority Relative to This Agreement............................28

Section 5.03. No Conflict; Required Filings and Consents......................28

Section 5.04. Financing.......................................................29

Section 5.05. Offer Documents; Proxy Statement................................29

Section 5.06. Brokers.........................................................29

Section 5.07. Purchaser.......................................................30



                                   ARTICLE VI

                     CONDUCT OF BUSINESS PENDING THE MERGER



Section 6.01. Conduct of Business by the Company Pending the Merger...........30



                                   ARTICLE VII

                              ADDITIONAL AGREEMENTS



Section 7.01. Stockholders' Meeting...........................................32

Section 7.02. Proxy Statement.................................................33

Section 7.03. Company Board Representation; Section 14(f).....................33

Section 7.04. Access to Information; Confidentiality..........................34

Section 7.05. No Solicitation of Transactions.................................35

Section 7.06. Employee Benefits Matters.......................................36

Section 7.07. Directors' and Officers' Indemnification and Insurance..........37

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