Limited Power of Attorney For Section 16 Reporting Obligations

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About this template
The Limited Power of Attorney for Section 16 Reporting Obligations is a legal document that establishes the rights and responsibilities of an individual or entity in managing the reporting obligations under Section 16 of the Securities Exchange Act of 1934.

Section 16 requires certain individuals, such as officers, directors, and beneficial owners of more than 10% of a publicly traded company's equity securities, to disclose their transactions involving such securities, including purchases, sales, and other acquisitions or dispositions.

This legal template outlines the limited authority granted to a designated representative or attorney (the "agent") by the individual or entity (the "principal") to fulfill and execute their Section 16 reporting obligations on their behalf.

The Limited Power of Attorney defines the scope of authority granted to the agent, which may include the preparation and filing of required forms, such as Forms 3, 4, and 5 with the Securities and Exchange Commission (SEC), as well as the ability to sign and submit related documents.

While the authority is granted, it specifies any limitations, restrictions, or conditions that the agent must adhere to when performing these tasks. The template may also include provisions for the principal to revoke or terminate the power of attorney at any time.

By utilizing this legal template, the principal delegates the responsibility of complying with Section 16 reporting obligations to the agent, ensuring that their transactions are accurately reported to the regulatory authorities.
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