Common use of Cancellation of VERITAS-Owned Shares Clause in Contracts

Cancellation of VERITAS-Owned Shares. Each share of VERITAS Common Stock held in the treasury of VERITAS or any of which are owned by Newco, VERITAS, or any direct or indirect wholly-owned subsidiary of Newco or VERITAS immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof. 1.3

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Seagate Software Inc), Agreement and Plan of Reorganization (Seagate Software Inc)

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Cancellation of VERITAS-Owned Shares. Each share of VERITAS ------------------------------------ Common Stock held in the treasury of VERITAS or any of which are owned by Newco, VERITAS, or any direct or indirect wholly-owned subsidiary of Newco or Newco, VERITAS immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof. 1.3.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Seagate Technology Inc), Agreement and Plan of Reorganization (Seagate Software Inc)

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Cancellation of VERITAS-Owned Shares. Each share of VERITAS Common Stock held in the treasury of VERITAS or any of which are owned by Newco, VERITAS, or any direct or indirect wholly-owned subsidiary of Newco or Newco, VERITAS immediately prior to the Effective Time shall be canceled and extinguished without any conversion thereof. 1.3.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Veritas Software Corp)

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