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

Conversion or Cancellation of Shares in the Merger. Subject to the provisions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof, the shares of the Constituent Corporations shall be converted or cancelled, as the case may be, in the following manner:

Appears in 3 contracts

Samples: Agreement and Plan of Merger (American States Financial Corp), Agreement and Plan of Merger (Safeco Corp), Agreement and Plan of Merger (Lincoln National Corp)

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Conversion or Cancellation of Shares in the Merger. Subject to the provisions of this Agreement, at the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof, the shares of the Constituent Corporations shall be converted or cancelledcanceled, as the case may be, in the following manner:

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Progressive Corp/Oh/), Agreement and Plan of Merger (Danielson Holding Corp), Agreement and Plan of Merger (Kingsway Financial Services Inc)

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