Exchange Ratio for Company Common Stock. Subject to Section 2.2, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled pursuant to Section 2.1(b)) shall be deemed cancelled and converted into and shall represent the right to receive .79 shares of Parent Common Stock in accordance with Section 2.2 (the "Share Consideration") For convenience of reference, the shares of Parent Common Stock to be issued upon the exchange and conversion of Company Common Stock in accordance with this Section 2.1(c) are sometimes hereinafter collectively referred to as the "Merger Shares."
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Wireless Telecom Group Inc), Agreement and Plan of Reorganization (Boonton Electronics Corp)
Exchange Ratio for Company Common Stock. Subject to Section 2.2, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time (other than shares cancelled pursuant to Section 2.1(b)) shall be deemed cancelled and converted into and shall represent the right to receive .79 shares two-thirds (2/3) of a share of Parent Common Stock in accordance with Section 2.2 (the "Share Consideration") 2.2. For convenience of reference, the shares of Parent Common Stock to be issued upon the exchange and conversion of Company Common Stock in accordance with this Section 2.1(c) are sometimes hereinafter collectively referred to as the "Merger Shares"."
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Electro Catheter Corp), Agreement and Plan of Reorganization (Cardiac Control Systems Inc)
