Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each share of Company Capital Stock that is outstanding and owned by the Company as treasury stock as of immediately prior to the Effective Time (“Company Treasury Stock”) shall cease to be outstanding, shall be canceled and retired without payment of any consideration therefor and shall thereupon cease to exist.
Company Treasury Stock. Each share of Company Stock held in the treasury of the Company (“Treasury Shares”) immediately prior to the Effective Time shall be cancelled without any conversion thereof and no payment or distribution shall be made with respect thereto; and
Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, Parent, the Company or any holder thereof, all shares of Company Common Stock that are held immediately prior to the Effective Time by the Company, by Parent or Merger Sub or by any direct or indirect wholly owned Subsidiary of Parent or the Company shall be cancelled and retired without any conversion and shall cease to exist, and no Merger Consideration shall be paid or payable in exchange therefor.
Company Treasury Stock. At the Effective Time, by virtue of the Merger, all shares of Company Common Stock that are issued and held as treasury stock shall be cancelled and retired and shall cease to exist, and no Merger Consideration shall be paid or payable in exchange therefor.
Company Treasury Stock. Each share of Company Common Stock or Preferred Stock that is owned by the Company as treasury stock shall be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub or the Company, each share of Company Capital Stock that is outstanding and held of record by the Company as of immediately prior to the Effective Time (“Company Treasury Stock”) shall continue to be so held and no consideration shall be paid or payable in respect thereof.
Company Treasury Stock. At the Effective Time, each share of Common Stock that is held in the treasury of the Company, if any, shall automatically be cancelled and retired and shall cease to exist and no payment or distribution shall be made with respect thereto.
Company Treasury Stock. Any Common Shares, Series A Shares or Series B Shares owned or held by the Company (as treasury stock or otherwise) immediately prior to the Effective Time shall be cancelled and retired and shall cease to exist, without payment of any consideration in exchange therefor.
Company Treasury Stock. Each share of Company Common Stock held in the Company's treasury immediately prior to the Effective Time shall be cancelled and retired without payment of any consideration therefor and shall cease to exist.
Company Treasury Stock. At the Closing, by virtue of the Merger, all shares of Company Common Stock that are issued and held as treasury stock shall be canceled and retired and shall cease to exist, and no Merger Consideration or other consideration shall be paid or payable in exchange therefor. Company Stock Options. At the Closing, by virtue of the Merger and without any action on the part of the holder thereof, each Company Stock Option shall be canceled and each non-vested Company Stock Option shall become null and void and each vested Company Stock Option shall be converted into the right to receive, for each share of Company Common Stock with respect to which such vested Company Stock Option is exercisable, cash in an amount equal to the Per Share Amount of the Merger Consideration, less the per share exercise price of such Company Stock Option. At the Closing, Parent shall pay or cause to be paid pursuant to directions from the Shareholders' Representatives to each holder of a vested Company Stock Option, for each share of Company Common Stock with respect to which such Company Stock Option is exercisable, cash in an amount equal to (i) the amount by which (A) the Per Share Amount of the Closing Date Merger Consideration exceeds (B) the per share exercise price of such Company Stock Option, less (ii) amounts required to be withheld, if any, in respect of federal taxes that are payable by such holder as a consequence of the cancellation of such Company Stock Option in accordance herewith. Final payments to the holders of Company Stock Options of any remaining portion of the Per Share Amount of the Merger Consideration which is due hereunder, if any, shall be made in accordance with Section 5.12 and the Escrow Agreement, respectively less amounts required to be withheld, if any, in respect of federal taxes that are payable by such holder as a consequence of the cancellation of such Company Stock Option in accordance herewith. Company Convertible Debentures. At the Closing, by virtue of the Merger and without any action on the part of the holder thereof, each Company Convertible Debenture shall be canceled and each Company Convertible Debenture shall be converted into the right to receive, for each share of Company Common Stock with respect to which such Company Convertible Debenture is convertible, cash in an amount equal to the Per Share Amount of the Merger Consideration. At the Closing, Parent shall pay or cause to be paid pursuant to directions from the Shareholders' Rep...
