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

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of Company Common Stock, together with the associated Company Rights, that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Kash N Karry Food Stores Inc), Agreement and Plan of Merger (Food Lion Inc)

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Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, without par value, of the Company ("Company Common Stock"), together with the associated Company Rights, that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, Rights owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (PHH Corp), Agreement and Plan of Merger (HFS Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, par value $0.001 per share, of the Company ("Company Common Stock, together with the associated Company Rights, ") that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, Stock owned by any Subsidiary of the Company, Parent, Sub Newco or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Employment Agreement (Targetti Sankey Spa), Voting Agreement (Tivoli Industries Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, par value $.01 per share, of the Company ("Company Common Stock", and together with the associated Company RightsPreferred Stock, "Company Stock") that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, Stock owned by Parent, Sub or any other wholly-owned Subsidiary (as defined in Section 9.11(h)) of Parent shall be canceled and retired and shall cease to exist and no shares of Parent Common Stock or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Telescan Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, par value $.001 per share, of the Company (β€œCompany Common Stock, together with the associated Company Rights, ”) that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, Stock owned by Parent, Sub or any other wholly-owned Subsidiary (as hereinafter defined) of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.. As used in this

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cascade Technologies Corp)

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Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, no par value, of the Company ("Company Common Stock, together with the associated Company Rights, ") that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, owned by Parent, Sub or any other wholly-owned Subsidiary of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aris Industries Inc)

Cancellation of Treasury Stock and Stock Owned by Parent and Subsidiaries. All shares of common stock, no par value, of the Company ("Company Common Stock, together with the associated Company Rights, ") that are owned by the Company as treasury stock and any shares of Company Common Stock, together with the associated Company Rights, Stock owned by Parent, Sub or any other wholly-owned Subsidiary (as defined in Section 9.11) of Parent shall be canceled and retired and shall cease to exist and no stock of Parent or other consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (TNP Enterprises Inc)

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