Common use of Conversion of Company Shares Clause in Contracts

Conversion of Company Shares. All shares of common stock, no par value, of the Company ("Company Common Stock") issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holders thereof, be converted at the Effective Time into the Merger Consideration.

Conversion of Company Shares. All shares Each share of common stock, no par value, Common Stock of the Company (the "Company Common Stock") ), issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holders holder thereof, be converted at the Effective Time into the Merger ConsiderationConsideration provided for in Article II hereof.

Conversion of Company Shares. All shares Each share of common stock, no par value, of the Company ("Company Common Stock") Stock that is issued and outstanding immediately prior to the Effective Time shallwill, by virtue of the Merger and at the Effective Time, and without any further action on the part of the holders any holder thereof, be converted at into that number of fully paid and nonassessable shares of Parent Stock obtained by multiplying each such share of Company Common Stock by the Effective Time into the Merger ConsiderationExchange Ratio.

Conversion of Company Shares. All shares of common stock, no $.10 par value---------------------------- value per share, of the Company ("Company Common Stock") issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holders thereof, be converted at the Effective Time into the Merger ConsiderationConsideration (as defined in Section 2.01 hereof).