Shares of Surviving Corporation. Each share of the common stock of IDS Life issued and outstanding on the effective date of the Merger shall thereupon, without further action, be one share of the common stock of the Surviving Corporation, without the issuance or exchange of new shares or share certificates, and no additional shares of the Surviving Corporation shall be issued in connection with the Merger.
Shares of Surviving Corporation. Each issued and outstanding share of Parent Stock issued and outstanding immediately prior the Effective Time shall, remain issued and outstanding and shall be unchanged after the Merger.
Shares of Surviving Corporation. On the Effective Date of the merger each share of common stock of Modu-Line then issued and outstanding shall be automatically converted into the number of shares of Xxxxxx common stock and the right to receive the amount of cash as determined under Paragraph 2.3 hereof and as further provided in Section 2.4. On the Effective Date of the Merger each of the issued and outstanding shares of Vistawall common stock held by Xxxxxx shall be automatically converted into 661.875 shares of common stock of Modu-Line.
Shares of Surviving Corporation. All shares of the Surviving Corporation’s common stock issued and outstanding immediately prior to the Effective Time shall remain outstanding, other than shares of the Surviving Corporation’s common stock owned by Disappearing Corporation, which shall be cancelled.
Shares of Surviving Corporation. The currently outstanding One Hundred Fifty Thousand (150,000) shares of common stock of the Surviving Corporation shall remain outstanding as common stock of the Surviving Corporation.
