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

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Wallace Computer Services Inc), Agreement and Plan of Merger (Wallace Computer Services Inc), Merger Agreement (Graphic Industries Inc)

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Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Parent or Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor. Each Share that is owned by any direct or indirect wholly-owned subsidiary of Parent (other than Sub) or the Company shall remain outstanding without change.

Appears in 3 contracts

Samples: Merger Agreement (Femrx Inc), Merger Agreement (Johnson & Johnson), Merger Agreement (Johnson & Johnson)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share share of the Common Stock of the Company that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub Parent or any other direct or indirect wholly owned subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Endogen Inc), Agreement and Plan of Merger (Endogen Inc), Merger Agreement (Ewok Acquisition Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Merger Agreement (Compuware Corporation), Merger Agreement (Maxxim Medical Inc), Merger Agreement (Circon Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by the Parent, Sub the Purchaser, the US Parent or any other direct or indirect wholly owned subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Misys PLC), Merger Agreement (C Ats Software Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company Company, Parent or by any subsidiary of the Company and each Share and Class B Share Sub (except for Shares that is are owned by ParentSub, Sub or any other subsidiary in the event of Parent a Reverse Merger) shall automatically be canceled and retired and shall cease to exist, and no Parent Common Stock or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Merger Agreement (Yahoo Inc), Merger Agreement (Hotjobs Com LTD)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Company, Parent, Merger Sub or any other subsidiary Subsidiary of Parent (such Shares, the “Cancelled Shares”) shall no longer be outstanding and shall automatically be canceled cancelled and retired and shall cease to exist, and no consideration shall be delivered or deliverable in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Bioverativ Inc.)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub Parent or any other subsidiary of Parent Purchaser shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tefron LTD)

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Cancellation of Treasury Stock and Parent-Owned Stock. Each Share that is owned by or held in the treasury of the Company and Class B each Share that is owned by the Company Parent, the Purchaser or by any other direct or indirect wholly owned subsidiary of the Parent or the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Blanch E W Holdings Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share that is owned by the Company or by any subsidiary wholly-owned Subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub 5 9 Purchaser or any other subsidiary wholly-owned Subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Innovative Valve Technologies Inc)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share share ----------------------------------------------------- of the Common Stock of the Company that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share that is owned by Parent, Sub or any other direct or indirect wholly owned subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Three Rivers Acquisition Corp)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share and Class B Share share of Company Stock that is owned by the Company or by any subsidiary of the Company and each Share and Class B Share share of Company Stock that is owned by the Parent, the Sub or any other subsidiary of the Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Fidelity National Financial, Inc.)

Cancellation of Treasury Stock and Parent-Owned Stock. Each Share that ----------------------------------------------------- is owned by or held in the treasury of the Company and Class B each Share that is owned by the Company Parent, the Purchaser or by any other direct or indirect wholly owned subsidiary of the Parent or the Company and each Share and Class B Share that is owned by Parent, Sub or any other subsidiary of Parent shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Merger Agreement (Benfield Greig Group PLC)

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