Common use of Effect on Treasury Stock Clause in Contracts

Effect on Treasury Stock. As of the Effective Time, shares of Company Stock in the Company’s treasury shall be cancelled and retired and shall cease to exist, and no payment shall be made in respect thereof.

Appears in 4 contracts

Sources: Merger Agreement, Merger Agreement (Mimvi, Inc.), Merger Agreement (DARA BioSciences, Inc.)

Effect on Treasury Stock. As of the Effective Time, shares of Company Common Stock in the Company’s 's treasury shall be cancelled and retired and shall cease to exist, and no payment shall be made in respect thereof.

Appears in 1 contract

Sources: Merger Agreement (Transcend Services Inc)