Cancelation of Treasury Stock. All shares of Capital Stock that are held by the Company as treasury stock shall be canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
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Samples: Agreement and Plan of Merger (MTBC, Inc.), Agreement and Plan of Merger (Skyworks Solutions, Inc.), Agreement and Plan of Merger (Darden Restaurants Inc)
Cancelation of Treasury Stock. All shares of Capital Stock Each Share issued and outstanding immediately prior to the Effective Time that are held is directly owned by the Company as treasury stock stock, shall automatically be canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor.
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Cancelation of Treasury Stock. All shares Each share of Capital Stock that are held is owned by the Company as treasury stock Company, Parent or their respective Subsidiaries (“Treasury Shares”) 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 1 contract
Samples: Agreement and Plan of Merger (On Semiconductor Corp)
Cancelation of Treasury Stock. All shares of Company Capital Stock that are held owned by the Company Company, as treasury stock stock, immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to exist, exist and no consideration shall be delivered in exchange therefor.
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