Cancellation of JIS Options; No Convertible Securities. All options and warrants, if any, to purchase JIS Common Shares that have been issued by JIS and that are outstanding immediately prior to the Effective Time shall be canceled and shall cease to exist at and after the Effective Time and no capital stock of the Surviving Corporation or Judge, cash or other consideration shall be paid or delivered in exchange therefor or in exercise thereof in connection with the Merger. At the Effective Time, other than as described in Section 2.2 with respect to the conversion of JIS capital stock in the Merger, and Section
Appears in 4 contracts
Samples: Merger Agreement (Judge Imaging Systems Inc /), Merger Agreement (Judge Group Inc), Merger Agreement (Judge Imaging Systems Inc /)
