Common use of Cancellation of Treasury Stock and Buyer-Owned Stock Clause in Contracts

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of common stock of the Company, par value $0.02 per share, including the associated Company Rights (as defined herein) (the “Company Common Stock”), owned by the Company or any of its wholly-owned subsidiaries or held by Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired and shall cease to exist, and no consideration or payment shall be delivered in exchange therefor or in respect thereof.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock stock, no par value, of the Company, par value $0.02 per share, including the associated Company Rights (as defined herein) (the “Company Common Stock”), that are owned by the Company as treasury stock, or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer or the Merger Sub or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, the Merger Subsidiary or any other Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company, or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer or the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by the Buyer, the Merger Sub or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no consideration or payment shall be delivered in exchange therefor or in respect thereoftherefore.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, Merger Sub or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock or by any wholly owned subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, Merger Sub or any other wholly owned subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock stock, no par value, of the Company, par value $0.02 per share, including the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company as treasury stock or by any wholly owned Subsidiary (as defined in Section 3.1) of the Company and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, canceled and retired and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares ---------------------------------------------------- of common stock of the Companystock, $.0001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company as treasury stock or by any wholly owned Subsidiary (as defined in Section 3.1) of the Company and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, canceled and retired and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor. Shares of Company Common Stock owned by any wholly owned Subsidiary of the Company shall remain outstanding.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any of its other wholly-owned subsidiaries or held by Subsidiary of the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares ---------------------------------------------------- of common stock of the Companystock, $.0001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company or and any shares of its wholly-Company Common Stock owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time Transitory Subsidiary shall automatically be cancelled, retired canceled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company or as treasury stock and any shares of its wholly-Company Common Stock owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries the Transitory Subsidiary immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no payment or distribution or other consideration or payment shall be delivered in exchange therefor or in with respect thereofthereto.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share of common stock All shares of the Company’s common stock, $1.00 par value $0.02 per share, including the associated Company Rights share (as defined herein) (the “Company Common Stock” or “Common Stock”), that are owned by the Company as treasury stock or by any wholly owned Subsidiary (as defined in Section 3.1) of its wholly-the Company and any shares of Company Common Stock owned subsidiaries or held by the Buyer or any other wholly owned Subsidiary of its wholly-owned subsidiaries immediately prior to the Effective Time Buyer shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Company---------------------------------------------------- stock, $.001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company or and any shares of its wholly-Company Common Stock owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time Transitory Subsidiary shall automatically be cancelled, retired canceled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $0.01 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company as treasury stock and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any of its other wholly-owned subsidiaries or held by Subsidiary of the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $.001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company or as treasury stock and any shares of its wholly-Company Common Stock owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries the Transitory Subsidiary immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share Except as provided below in Section 2.1(c), all shares of common stock of the Companystock, $0.001 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are owned by the Company or as treasury stock and any shares of its wholly-Company Common Stock owned subsidiaries or held by the Buyer or any wholly owned Subsidiary of its wholly-owned subsidiaries the Buyer immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no consideration or payment shall be made or consideration delivered in exchange therefor or in respect thereof.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Companystock, $.002 par value $0.02 per share, including of the associated Company Rights (as defined herein) (the “"Company Common Stock”), ") that are owned by the Company as treasury stock or by any wholly owned Subsidiary of the Company and any shares of Company Common Stock owned by the Buyer, the Transitory Subsidiary or any other wholly owned Subsidiary of its wholly-owned subsidiaries or held by the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no stock of the Buyer or other consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.

Cancellation of Treasury Stock and Buyer-Owned Stock. Each share All shares of common stock of the Company, par value $0.02 per share, including the associated Company Rights (as defined herein) (the “Company Common Stock”), ) that are (i) held in treasury of the Company or (ii) owned by the Company Buyer, the Merger Sub or any of its other wholly-owned subsidiaries or held by Subsidiary of the Buyer or any of its wholly-owned subsidiaries immediately prior to the Effective Time Time, if any, shall automatically be cancelled, retired cancelled and shall cease to exist, exist and no consideration or payment shall be delivered in exchange therefor or in respect thereoftherefor.