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

Cancelation of Treasury Stock and Parent-Owned Stock. Each ----------------------------------------------------- Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Curtis Helene Industries Inc /De/), Agreement and Plan of Merger (Conopco Acquisition Co Inc), Merger Agreement (Curtis Helene Industries Inc /De/)

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Cancelation of Treasury Stock and Parent-Owned Stock. Each share ----------------------------------------------------- Share and Class B Share of Company Common Stock that is owned by the Company Company, Parent or by Sub or any wholly owned subsidiary of the Company Company, Parent or Sub shall no longer be outstanding and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Union Texas Petroleum Holdings Inc), Agreement and Plan of Merger (Atlantic Richfield Co /De)

Cancelation of Treasury Stock and Parent-Owned Stock. Each ----------------------------------------------------- Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Lucent Technologies Inc), Merger Agreement (Octel Communications Corp)

Cancelation of Treasury Stock and Parent-Owned Stock. Each share ----------------------------------------------------- Share and Class B Share of Company Capital Stock that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Company, Parent, Sub or any other subsidiary of Parent shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Schering Berlin Inc), Merger Agreement (Diatide Inc)

Cancelation of Treasury Stock and Parent-Owned Stock. Each share ----------------------------------------------------- Share and Class B Share of Company Common Stock that is owned by the Company Company, Parent or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Merger Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no shares of Parent Common Stock or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Alza Corp)

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Cancelation of Treasury Stock and Parent-Owned Stock. Each ----------------------------------------------------- Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Parent or Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor. Each Share that is owned by any direct or indirect wholly-owned subsidiary of Parent (other than Sub) or the Company shall remain outstanding without change.

Appears in 1 contract

Samples: Merger Agreement (Johnson & Johnson)

Cancelation of Treasury Stock and Parent-Owned Stock. Each share ----------------------------------------------------- Share and Class B Share of Company Common Stock that is owned by the Company Company, Parent or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no Parent Common Stock or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Centocor Inc)

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