Cancellation of Treasury Shares. Each share of Xxxxxxxx.xxx Common Stock held in the treasury of Xxxxxxxx.xxx, or owned by Phone or any direct or indirect subsidiary of Xxxxxxxx.xxx or Phone immediately prior to the Effective Time shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange thereof.
Appears in 4 contracts
Samples: Stock Option Agreement (Phone Com Inc), Stock Option Agreement (Phone Com Inc), Stock Option Agreement (Software Com Inc)