Cancellation of JIS Options; No Convertible Securities. All options and warrants, if any, to purchase JIS Common Shares that have been issued by JIS and that are outstanding immediately prior to the Effective Time shall be canceled and shall cease to exist at and after the Effective Time and no capital stock of the Surviving Corporation or Judge, cash or other consideration shall be paid or delivered in exchange therefor or in exercise thereof in connection with the Merger. At the Effective Time, other than as described in Section 2.2 with respect to the conversion of JIS capital stock in the Merger, and Section 2.4 with respect to shares held by Dissenters (as hereinafter defined), there shall not be any other securities, rights, warrants or other instruments originally issued by JIS which, after consummation of the Merger, would be convertible into or exercisable for securities of the Surviving Corporation or Judge.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Judge Imaging Systems Inc /), Agreement and Plan of Merger (Judge Group Inc), Agreement and Plan of Merger (Judge Group Inc)
