Common use of Conversion of Shares in the Merger Clause in Contracts

Conversion of Shares in the Merger. (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder of the Company, subject to Section 1.5(b), each share of Company Common Stock then issued and outstanding, other than Excluded Shares, if any, shall be converted into 0.374 of a share (the “Exchange Ratio”) of Parent Common Stock (together with any cash in lieu of fractional shares of Parent Common Stock as set forth in Section 1.5(c), the “Merger Consideration”).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Rainbow Technologies Inc), Agreement and Plan of Reorganization (Safenet Inc)

AutoNDA by SimpleDocs

Conversion of Shares in the Merger. (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder shareholder of the Company, subject to Section Sections 1.5(b) and 1.5(c), each share of Company Common Stock then issued and outstanding, other than Excluded Shares, if any, shall be converted into 0.374 0.05 of a share (the “Exchange Ratio”) of Parent Common Stock Stock, plus (together with B) any cash in lieu of fractional shares of Parent Common Stock as set forth in Section 1.5(c)) (collectively, the “Merger Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Safenet Inc)

Conversion of Shares in the Merger. (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder shareholder of the Company, subject to Section Sections 1.5(b) and 1.5(c), each share of Company Common Stock then issued and outstanding, other than Excluded Shares, if any, shall be converted into 0.374 0.05 of a share (the "Exchange Ratio") of Parent Common Stock Stock, plus (together with B) any cash in lieu of fractional shares of Parent Common Stock as set forth in Section 1.5(c)) (collectively, the "Merger Consideration").

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cylink Corp /Ca/)

Conversion of Shares in the Merger. (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder shareholder of the Company, subject to Section 1.5(b) and Section 1.5(c), each share of Company Common Stock then issued and outstanding, other than Excluded Shares, if any, shall be converted into 0.374 the right to receive 0.4212 of a share (the “Exchange Ratio”) of Parent Common Stock (together with any cash in lieu of fractional shares of Parent Common Stock as set forth in Section 1.5(cSection1.5(c), the “Merger Consideration”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Rita Medical Systems Inc)

AutoNDA by SimpleDocs

Conversion of Shares in the Merger. (a) At the Effective Time, by virtue of the Merger and without any further action on the part of Parent, Merger Sub, the Company or any stockholder shareholder of the Company, subject to Section 1.5(b) and Section 1.5(c), each share of Company Common Stock then issued and outstanding, other than Excluded Shares, if any, shall be converted into 0.374 the right to receive 0.4212 of a share (the “Exchange Ratio”"EXCHANGE RATIO") of Parent Common Stock (together with any cash in lieu of fractional shares of Parent Common Stock as set forth in Section 1.5(c), the “Merger Consideration”"MERGER CONSIDERATION").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Horizon Medical Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.