Cancellation of Excluded Shares. Each Share that is owned by Acquisition or any subsidiary or affiliate of Acquisition, or by any Subsidiary (as hereinafter defined) or held in the treasury of the Company, but not Shares held in any Company benefit plan or the Company Stock Employee Compensation Trust (collectively, the "Excluded Shares") shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.
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Samples: Merger Agreement (Policy Management Systems Corp), Merger Agreement (Computer Sciences Corp), Merger Agreement (Computer Sciences Corp)
Cancellation of Excluded Shares. Each Share that is owned by Parent or Acquisition or any subsidiary or affiliate of Acquisition, or by any Subsidiary (as hereinafter defined) or held in the treasury of the Company, but not Shares held in any Company benefit plan or the Company Stock Employee Compensation Trust (collectively, the "Excluded Shares") shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.
Appears in 2 contracts
Samples: Merger Agreement (Harmon Industries Inc), Merger Agreement (Harmon Industries Inc)
Cancellation of Excluded Shares. Each Share that is owned of record by Acquisition Parent or any subsidiary or affiliate of Acquisition, or by any Subsidiary (as hereinafter defined) Purchaser or held in the treasury of the Company or owned of record by any direct or indirect wholly owned subsidiary of Parent or the Company, but not Shares held in any Company benefit plan or the Company Stock Employee Compensation Trust (collectively, the "Excluded Shares") shall automatically be canceled and retired and shall cease to exist, and no cash or other consideration shall be delivered or deliverable in exchange therefor.
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Cancellation of Excluded Shares. Each Share share of Company Common ---------------------------------- Stock that is owned by Acquisition or any subsidiary or affiliate of Acquisition, or by any Subsidiary (as hereinafter defined) or held in the treasury of the Company, but not Shares held in any Company benefit plan or the Company Stock Employee Compensation Trust (collectively, the "Excluded Shares") shall automatically be canceled and retired and shall cease to exist, and no cash cash, Retained Shares (as hereinafter defined) or other consideration shall be delivered or deliverable in exchange therefor.
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