Common use of Cancellation of Treasury Stock Clause in Contracts

Cancellation of Treasury Stock. Each share of Common Stock held ------------------------------ in the treasury of the Company immediately prior to the Effective Time shall be cancelled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Pennington Brooks Iii), Agreement and Plan of Reorganization (Central Garden & Pet Company)

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Cancellation of Treasury Stock. Each To the extent applicable, each share of Common Stock held ------------------------------ in the treasury of the Company immediately prior to the Effective Time by the Company as treasury stock shall be cancelled canceled and extinguished without any conversion thereofno payment shall be made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Boston Beer Co Inc)

Cancellation of Treasury Stock. Each share of Common Stock held ------------------------------ in the treasury of the Company immediately prior to the Effective Time shall automatically be cancelled and extinguished without any conversion thereofand no Merger Consideration shall be paid with respect thereto.

Appears in 1 contract

Samples: Merger Agreement (Guest Supply Inc)

Cancellation of Treasury Stock. Each share of Company Common Stock held ------------------------------ in the Company’s treasury of the Company immediately prior to the Effective Time shall be cancelled canceled, retired and extinguished without any conversion thereofcease to exist.

Appears in 1 contract

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

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Cancellation of Treasury Stock. Each share Any shares of Company Common ------------------------------ Stock held ------------------------------ in the treasury of the Company and any shares of Company Common Stock owned by Acquiror or by any direct or indirect wholly owned subsidiary of Acquiror or of the Company immediately prior to the Effective Time shall be cancelled canceled and extinguished without any conversion thereofthereof and no payment shall be made with respect thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (McLeodusa Inc)

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