Common use of Cancellation of Company Clause in Contracts

Cancellation of Company. Common Stock Owned by Parent or ------------------------------------------------------- Company. At the Effective Time, all shares of Company Common Stock that are ------- owned by Company as treasury stock and each share of Company Common Stock owned by Parent or any direct or indirect wholly owned subsidiary of Parent or of Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 3 contracts

Samples: Shareholder Agreement (Credence Systems Corp), Shareholder Agreement (Credence Systems Corp), Shareholder Agreement (Integrated Measurement Systems Inc /Or/)

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Cancellation of Company. Common Capital Stock Owned by Parent Parent, Merger ------------------------------------------------------------- Sub or ------------------------------------------------------- Company. At the Effective Time, all shares Each share of Company Common Stock that are ------- is owned by Company as -------------- treasury stock and each share of Company Common Stock owned by Parent or Merger Sub or any direct or indirect wholly owned subsidiary Subsidiary (as defined below) of Parent Parent, Merger Sub or of Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (E Trade Group Inc), Agreement and Plan of Merger (E Trade Group Inc)

Cancellation of Company. Common Stock Owned by Parent or ------------------------------------------------------- Companyand Parent-Owned Stock. At the Effective Time, all shares of Company Common Stock that are ------- owned by Company as treasury stock and each Each share of Company Common Stock owned held by Parent Parent, Company or any direct or indirect wholly wholly-owned subsidiary of Parent or of Company Company, immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Sybase Inc), Agreement and Plan of Reorganization (New Era of Networks Inc)

Cancellation of Company. Common Stock Owned by Parent or ------------------------------------------------------- Companyand Parent-Owned Stock. At the Effective Time, all shares of Company Common Stock that are ------- owned by Company as treasury stock and each Each share of Company Common Stock held by Company or owned by Merger Sub, Parent or any direct or indirect wholly owned subsidiary of Parent Company or of Company Parent immediately prior to the Effective Time shall be canceled cancelled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Juniper Networks Inc)

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Cancellation of Company. Common Owned and Parent-Owned Stock Owned by Parent or ------------------------------------------------------- Companyand Preferred Stock. At the Effective Time, all shares of Company Common Stock that are ------- owned by Company as treasury stock and each Each share of Company Common Stock held by Company or owned by Merger Sub, Parent or any direct or indirect wholly wholly-owned subsidiary of Parent Company or of Company Parent immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Flextronics International LTD)

Cancellation of Company. Common Stock Owned by Parent or ------------------------------------------------------- Company. At the Effective Time, all shares of Company Common Stock that are ------- owned by the Company as treasury stock and each share of Company Common Stock owned by Parent or any direct or indirect wholly owned subsidiary of Parent or of the Company immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition (Technol Fuel Conditioners Inc)

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