Common use of Cancellation of Company Common Stock Clause in Contracts

Cancellation of Company Common Stock. At the Effective Time, all shares of Company Common Stock that are owned by Company as treasury stock immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 4 contracts

Samples: Merger Agreement (Dairy Fresh Farms Inc.), Agreement and Plan of Merger and Reorganization (Parentech Inc), Merger Agreement (Parentech Inc)

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Cancellation of Company Common Stock. At the Effective Time, all shares of Company Common Stock that are owned by Company as treasury stock immediately prior to the Effective Time Closing Date shall be canceled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Merger Agreement (Bridgetech Holdings International Inc), Merger Agreement (Bridgetech Holdings International Inc)

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