Cancellation of Company-Owned Stock. All shares of Company Common Stock and New Preference Stock (if any) that are held in the treasury of the Company or by any wholly owned subsidiary of the Company shall be canceled and retired and shall cease to exist without any consideration payable therefor.
Appears in 3 contracts
Samples: Recapitalization Agreement and Plan of Merger (Westaff Inc), Agreement (Mikasa Inc), Recapitalization Agreement and Plan of Merger (Cornerstone Equity Investors Iv Lp)
Cancellation of Company-Owned Stock. All shares of Company Common Stock and New Preference Stock (if any) that are held in the treasury of the Company or by any wholly owned subsidiary of the Company shall be canceled and retired and shall cease to exist without any consideration payable therefor.
Appears in 2 contracts
Samples: Recapitalization Agreement and Plan of Merger (Equitrac Corporation), Recapitalization Agreement and Plan of Merger (Equitrac Corporation)
