Cancellation of Parent Owned and Treasury Stock. All of the Company Shares that are owned by Parent, any direct or indirect wholly-owned Subsidiary of Parent or by the Company as treasury stock shall automatically cease to be outstanding, shall be canceled and shall cease to exist and no Parent Shares shall be delivered in exchange therefor.
Appears in 6 contracts
Samples: Merger Agreement (Unify Corp), Merger Agreement (Axs One Inc), Merger Agreement (Eshare Communications Inc)
