Common use of Cancellation of Company-Owned Shares and Parent-Owned Shares Clause in Contracts

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Nv Energy, Inc.), Agreement and Plan of Merger (Midamerican Energy Holdings Co /New/)

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Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cellular Dynamics International, Inc.), Agreement and Plan of Merger (Cabelas Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are owned by the Company or held in the Company’s treasury of the Company or owned of record by any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries (in each case, other than those held on behalf of any third party) (collectively, the “Cancelled Shares”) shall cease to be outstanding, shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Diplomat Pharmacy, Inc.)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries (other than, in each case, Shares held on behalf of a third party) shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Plan of Merger (MTS Systems Corp)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any wholly owned Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries (in each case, other than those held on behalf of any third party) shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Innerworkings Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any wholly owned Company Subsidiary and all Shares owned of record by Parent, Sub Parent or any of their respective its wholly owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tellabs Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by the Company or any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Navigant Consulting Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Company Subsidiary Subsidiary, and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries Subsidiaries, shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Meadowbrook Insurance Group Inc)

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Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by the Company or any wholly-owned Company Subsidiary and all Shares owned of record by Parent, Sub Parent or any of their respective wholly its wholly-owned Subsidiaries (such Shares, the “Cancelled Shares”) shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hansen Medical Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Subsidiary (as defined in the Agreement) of the Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries (other than, in each case, Shares held on behalf of a third party) shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Plan of Merger (MTS Systems Corp)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any wholly-owned Company Subsidiary and all Shares owned of record by Parent, Sub Parent or any of their respective wholly its wholly-owned Subsidiaries (such Shares, the “Cancelled Shares”) shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (West Marine Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by any Company Subsidiary and all Shares owned of record by Parent, Sub or any of their respective wholly owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Landauer Inc)

Cancellation of Company-Owned Shares and Parent-Owned Shares. All Shares that are held in the treasury of the Company or owned of record by the Company or any wholly-owned Company Subsidiary and all Shares owned of record by Parent, Sub the Buyer Parties or any of their respective wholly wholly-owned Subsidiaries shall be cancelled and shall cease to exist, with no payment being made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Strategic Hotels & Resorts, Inc)

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