Common use of Effect on Company Common Stock Clause in Contracts

Effect on Company Common Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the Company’s stockholders, each share of Company Common Stock then outstanding, shall, upon the terms and subject to the conditions set forth in this Agreement, be canceled and extinguished and be converted automatically into the right to receive:

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Neurobiological Technologies Inc /Ca/)

AutoNDA by SimpleDocs

Effect on Company Common Stock. At the Effective Time, by virtue of the Merger and subject to Section 1.9 regarding Dissenting Shares and without any action on the part of Parent, Merger Sub, the Company or the Company’s stockholdersholders of shares of Company Capital Stock, each share of Company Common Stock then outstanding, shall, upon the terms issued and subject outstanding of as immediately prior to the conditions set forth in this Agreement, Effective Time will be canceled cancelled and extinguished without consideration and be converted automatically into the right to receive:will have no further rights.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cornerstone OnDemand Inc)

Effect on Company Common Stock. (a) At the Effective Time, the Company Common Stock shall, except for with respect to any Dissenting Shares, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company any Party or the Company’s stockholdersholder thereof, each share of Company Common Stock then outstanding, shall, upon the terms and subject to the conditions set forth in this Agreement, automatically be canceled and extinguished and be converted automatically into the right to receive:receive the Merger Consideration.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Left Behind Games Inc.)

AutoNDA by SimpleDocs

Effect on Company Common Stock. (a) At the Effective Time, the Company Common Stock shall, except for with respect to any Dissenting Shares, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company any Party or the Company’s stockholdersholder thereof, each share of Company Common Stock then outstanding, shall, upon the terms and subject to the conditions set forth in this Agreement, automatically be canceled and extinguished and be converted automatically into the right to receive:receive the Merger Shares.

Appears in 1 contract

Samples: Agreement and Plan of Merger (GlyEco, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.