Common use of Cancellation and Retirement of Common Stock Clause in Contracts

Cancellation and Retirement of Common Stock. Each Share converted into the right to receive the Merger Consideration pursuant to Section 3.1(c) shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such Shares shall, to the extent such certificate represents such Shares, cease to have any rights with respect thereto, except the right to receive the cash applicable thereto, upon surrender of such certificate in accordance with Section 3.4.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Kinnard Investments Inc), Agreement and Plan of Merger (Stockwalk Com Group Inc)

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Cancellation and Retirement of Common Stock. Each Share converted into the right to receive the Merger Consideration pursuant to Section 3.1(c3.1(b) shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such Shares shall, to the extent such certificate represents such Shares, cease to have any rights with respect thereto, except the right to receive the cash Merger Consideration applicable thereto, upon surrender of such certificate in accordance with Section 3.4.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Vital Images Inc)

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Cancellation and Retirement of Common Stock. Each Share converted into the right to receive the Merger Consideration pursuant to Section 3.1(c) shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such Shares shall, to the extent such certificate represents such Shares, cease to have any rights with respect thereto, except the right to receive the cash Merger Consideration applicable thereto, upon surrender of such certificate in accordance with Section 3.43.3.

Appears in 1 contract

Samples: Employment Agreement (Stockwalk Com Group Inc)

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