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

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stock, par value $0.01 per share, of the Company (“Company Common Stock”) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by Parent, Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment shall be made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Symbol Technologies Inc), Agreement and Plan of Merger (Motorola Inc)

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Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 0.001 per share, of the Company (the “Company Common Stock”) ), and each other share of capital stock of the Company, that are is owned by the Company as treasury stock and or any shares Subsidiary of the Company Common Stock owned or by Parent, Merger Sub or any direct or indirect Subsidiaries other Subsidiary of Parent immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist be outstanding, and no payment Merger Consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Biomimetic Therapeutics, Inc.), Agreement and Plan of Merger (Wright Medical Group Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stock, US $0.001 par value $0.01 per share, of the Company (“Company Common Stock”) that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Parent, Merger Sub the Transitory Subsidiary or any direct or indirect Subsidiaries other wholly owned Subsidiary of the Parent immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment stock of the Parent or other consideration shall be made with respect theretodelivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (New Focus Inc), Agreement and Plan of Merger (Bookham Technology PLC)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stock, par value $0.01 0.001 per share, of the Company (“Company Common Stock”) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by Parent, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment shall be made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Netopia Inc), Agreement and Plan of Merger (Netopia Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stock, par value $0.01 0.0001 per share, of the Company (“Company Common Stock”) that are owned by any wholly owned subsidiary of the Company or by the Company as treasury stock and any shares of Company Common Stock owned by Parent, Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment shall be made with respect thereto.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Niku Corp), Agreement and Plan of Merger (Computer Associates International Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stockstock of the Company, par value $0.01 .0l per share, of the Company share ("Company Common -------------- Stock”) "), that are is owned by the Company as treasury stock or by any subsidiary of the Company, ----- together with the associated Company Rights, and any shares each share of Company Common Stock that is owned by Parent, Merger Sub or any direct or indirect Subsidiaries other subsidiary of Parent immediately prior to Parent, together with the Effective Time associated Company Rights, shall automatically be cancelled and retired and shall cease to exist exist, and no payment Merger Consideration or other consideration shall be made delivered or payable with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Carrols Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (such shares, collectively, the Company Common StockShares”) that are owned is held by the Company as treasury stock and any shares of Company Common Stock each Share that is owned by Parenta Company Subsidiary, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall (collectively, “Excluded Shares”) will no longer be cancelled outstanding and shall will automatically be canceled and will cease to exist exist, and no payment shall consideration will be made with respect theretodelivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lattice Semiconductor Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (the Company Common Stock”) that are is owned by the Company as treasury stock or its wholly-owned Subsidiaries, Parent or Merger Sub and any shares each share of Company Common Preferred Stock that is owned by Parentthe Company or its wholly-owned Subsidiaries, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall automatically be cancelled canceled and retired and shall cease to exist exist, and no payment consideration shall be made with respect theretodelivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Verint Systems Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each issued and outstanding share of common stock, par value $0.01 .001 per share, of the Company (“Company Common Stock”) that are is owned by the Company, a Company as treasury stock and any shares of Company Common Stock owned by ParentSubsidiary, Parent or Merger Sub or any direct or indirect Subsidiaries held in the treasury of Parent immediately prior to the Effective Time Company (collectively, “Excluded Shares”) shall automatically be cancelled canceled and retired and shall cease to exist exist, and no payment consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Riviera Holdings Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stock, par value $0.01 0.001 per share, of the Company (“Company Common Stock”) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by Parent, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall will be cancelled and shall will cease to exist and no payment shall will be made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Terayon Communication Systems)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (the “Company Common Stock”) ), and any other shares of capital stock of the Company, that are is owned by the Company as treasury stock and or any shares Subsidiary of the Company Common Stock owned or by Parent, Merger Sub or any direct or indirect Subsidiaries other Subsidiary of Parent immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist be outstanding, and no payment Merger Consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Barr Pharmaceuticals Inc)

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Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (the "Company Common Stock”) "), and any other shares of capital stock of the Company, that are is owned by the Company as treasury stock and or any shares Subsidiary of the Company Common Stock owned or by Parent, Merger Sub or any direct or indirect Subsidiaries other Subsidiary of Parent immediately prior to the Effective Time shall automatically be cancelled and retired and shall cease to exist be outstanding, and no payment Merger Consideration shall be made with respect theretodelivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Teva Pharmaceutical Industries LTD)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of the Company’s common stock, par value $0.01 0.001 per share, of the Company share (“Company Common Stock”) that are is directly owned by the Company as treasury stock and any shares of Company Common Stock owned by Company, Parent, Merger Sub Sub, or any direct or indirect Subsidiaries wholly-owned subsidiary of the Company or Parent immediately prior to the Effective Time shall automatically be cancelled canceled and shall cease to exist exist, and no payment consideration shall be made with respect theretodelivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Vicuron Pharmaceuticals Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (“Company Common Stock”) that are owned by the Company as treasury stock and any Stock (shares of Company Common Stock being hereinafter collectively referred to as "Company Shares") held in the treasury of the Company and any Company Shares owned by Parent, Merger Sub Parent or by any direct or indirect Subsidiaries wholly-owned Subsidiary of Parent or the Company (including any Company Shares issued by the Company pursuant to a stock option) immediately prior to the Effective Time shall be cancelled canceled and shall cease to exist extinguished without any conversion thereof and no payment shall be made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Kratos Defense & Security Solutions, Inc.)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 0.0001 per share, of in the Company (the “Company Common Stock”) that are is owned by the Company as treasury stock and any shares each share of Company Common Stock that is owned by Parent, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall no longer be cancelled outstanding and shall automatically be canceled and shall cease to exist exist, and no payment consideration shall be made with respect theretodelivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Solarcity Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares Each share of common stock, par value $0.01 per share, of the Company (the “Company Common Stock”) that are owned is held by the Company as treasury stock and any shares each share of Company Common Stock that is owned by Parenta Company Subsidiary, Parent or Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall will no longer be cancelled outstanding and shall will automatically be canceled and will cease to exist exist, and no payment shall consideration will be made with respect theretodelivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Reynolds American Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. All shares of common stockCommon Stock of the Company, par value $0.01 .00033 per share, of the Company share ("Company Common Stock”) "), that are owned by Company or any Subsidiary (as defined in Section 3.1) of the Company as treasury shall be canceled and retired and shall cease to exist and no stock and any of Parent or other consideration shall be delivered in exchange therefor. All shares of Company Common Stock owned by Parent, Merger Sub or any direct or indirect Subsidiaries of Parent immediately prior to the Effective Time shall be cancelled and shall cease to exist and no payment shall be made with respect theretounaffected by the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Iq Software Corp)

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