Common use of Company Treasury Stock Clause in Contracts

Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, Parent, the Company or any holder thereof, all shares of Company Common Stock that are held immediately prior to the Effective Time by the Company, by Parent or Merger Sub or by any direct or indirect wholly owned Subsidiary of Parent or the Company shall be cancelled and retired without any conversion and shall cease to exist, and no Merger Consideration shall be paid or payable in exchange therefor.

Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, Parent, the Company or any holder thereofMerger, all shares of Company Common Stock that are issued and held immediately prior to the Effective Time directly by the Company, by Parent or Merger Sub or by any direct or indirect wholly owned Subsidiary of Parent or the Company as treasury stock shall be cancelled and retired without any conversion and shall cease to exist, and no Merger Consideration shares of Parent Common Stock or other consideration shall be paid or payable in exchange therefor.

Company Treasury Stock. At the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, Parent, the Company or any holder thereofMerger, all shares of Company Common Stock that are held immediately prior to the Effective Time by the Company, Company as treasury stock or by Parent or Merger Sub or by any direct or indirect wholly owned Subsidiary of Parent or the Company immediately prior to the Effective Time, shall be cancelled and retired without any conversion and shall cease to exist, and no Merger Consideration shall be paid or payable in exchange therefor.