Agreement and Plan of Merger (2008)Full Document 

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AGREEMENT AND PLAN OF MERGER

by and among

ELECTRONIC DATA SYSTEMS CORPORATION,

HEWLETT-PACKARD COMPANY

and

HAWK MERGER CORPORATION

Dated as of May 13, 2008



TABLE OF CONTENTS

 
   
  Page
ARTICLE I.    THE MERGER; RELATED MATTERS   1
  Section 1.01.   The Merger   1
  Section 1.02.   Closing   1
  Section 1.03.   Effective Time   2
  Section 1.04.   Effects of the Merger   2
  Section 1.05.   Organizational Documents   2
  Section 1.06.   Directors and Officers of Surviving Corporation   2
ARTICLE II.    EFFECT OF THE MERGER ON CAPITAL STOCK   3
  Section 2.01.   Effect of the Merger on Capital Stock   3
  Section 2.02.   Surrender and Payment   3
  Section 2.03.   Dissenting Shares   4
  Section 2.04.   Adjustments   5
  Section 2.05.   Withholding Rights   5
  Section 2.06.   Lost Certificates   5
  Section 2.07.   Treatment of Warrants   5
  Section 2.08.   Treatment of Stock Options and Restricted Stock Units; ESPP   6
ARTICLE III.    REPRESENTATIONS AND WARRANTIES OF THE COMPANY   7
  Section 3.01.   Organization; Standing and Power; Charter Documents; Subsidiaries   7
  Section 3.02.   Capital Structure   8
  Section 3.03.   Authority; Non-Contravention; Consents   10
  Section 3.04.   SEC Filings; Financial Statements; Internal Controls; Sarbanes-Oxley Act Compliance   12
  Section 3.05.   Absence of Certain Changes or Events   14
  Section 3.06.   Taxes   15
  Section 3.07.   Intellectual Property   17
  Section 3.08.   Compliance; Permits   21
  Section 3.09.   Litigation   21
  Section 3.10.   Brokers' and Finders' Fees   22
  Section 3.11.   Related Party Transactions   22
  Section 3.12.   Employee Matters   22
  Section 3.13.   Real Property and Personal Property Matters   25
  Section 3.14.   Environmental Matters   25
  Section 3.15.   Contracts   26
  Section 3.16.   Proxy Statement   28
  Section 3.17.   Insurance   28
  Section 3.18.   Fairness Opinion   28

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  Section 3.19.   Public Grants   29
  Section 3.20.   Certain Costs   29
  Section 3.21.   Government Contracts   29
  Section 3.22.   No Reliance   30
ARTICLE IV.    REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGERCO   30
  Section 4.01.   Organization   30
  Section 4.02.   Authority; Non-Contravention; Necessary Consents   30
  Section 4.03.   Information Supplied   31
  Section 4.04.   Financial Capability   32
  Section 4.05.   Legal Proceedings   32
  Section 4.06.   Ownership of Company Common Stock   32
  Section 4.07.   No Reliance   32
ARTICLE V.    COVENANTS   32
  Section 5.01.   Conduct of Business of the Company   32
  Section 5.02.   No Control of Other Party's Business; Other Actions   37
  Section 5.03.   Access to Information; Confidentiality   37
  Section 5.04.   Other Offers, Etc.    38
  Section 5.05.   Stockholder Meeting; Proxy Materials   40
  Section 5.06.   Notices of Certain Events   41
  Section 5.07.   Employees; Benefit Plans   41
  Section 5.08.   Directors' and Officers' Indemnification and Insurance   43
  Section 5.09.   Commercially Reasonable Best Efforts   44
  Section 5.10.   Public Announcements   46
  Section 5.11.   Stock Exchange Listing   46
  Section 5.12.   Takeover Statutes   46
  Section 5.13.   Rule 16b-3   46
  Section 5.14.   Further Assurances   46
  Section 5.15.   Controlled Subsidiaries   47
  Section 5.16.   Capital Expenditures   47
ARTICLE VI.    CONDITIONS   47
  Section 6.01.   Conditions to Each Party's Obligation to Effect the Merger   47
  Section 6.02.   Conditions to Obligations of Parent and MergerCo   48
  Section 6.03.   Conditions to Obligation of the Company   48
ARTICLE VII.    TERMINATION, AMENDMENT AND WAIVER   49
  Section 7.01.   Termination by Mutual Consent  
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