Common use of Cancellation of Treasury Stock and Buyer-Owned Stock Clause in Contracts

Cancellation of Treasury Stock and Buyer-Owned Stock. All shares of Players Common Stock that are owned by Players as treasury stock and any shares of Players Common Stock owned by Buyer or any wholly-owned Subsidiary (as defined in Section 3.1) of Buyer shall be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Players International Inc /Nv/), Agreement and Plan of Merger (Jackpot Enterprises Inc), Agreement and Plan of Merger (Players International Inc /Nv/)

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