Common use of Exchange Ratio for Company Common Stock Clause in Contracts

Exchange Ratio for Company Common Stock. Each issued and outstanding share of Company Common Stock (other than shares to be canceled in accordance with Section 1.5(b) and other than Dissenting Shares) shall be converted into the right to receive Four Dollars and Fifty Cents ($4.50) in cash (the "Merger Consideration"). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration, upon the surrender of such certificate in accordance with Section 1.7, without interest.

Appears in 2 contracts

Samples: Voting Agreement (Tivoli Industries Inc), Employment Agreement (Targetti Sankey Spa)

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Exchange Ratio for Company Common Stock. Each issued and outstanding share of Company Common Stock (other than shares to be canceled in accordance with Section 1.5(b2.01(b) and other than Dissenting SharesShares (as defined in Section 2.01(d))) shall be converted into the right to receive Four Dollars and Fifty Cents ($4.50) 23.00 in cash (the "Merger ConsiderationPrice"). All such shares of Company Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of a certificate representing any such shares shall cease to have any rights with respect thereto, except the right to receive the Merger ConsiderationPrice per share, upon the surrender of such certificate in accordance with Section 1.72.02, without interest.. (d)

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Chemi Trol Chemical Co), Agreement and Plan of Merger (Chemi Trol Chemical Co)

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