Common use of No Further Ownership Rights in Shares of Company Stock Clause in Contracts

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Guitar Center Inc), Agreement and Plan of Merger (Hanover Compressor Coc), Agreement and Plan of Merger (Tegal Corp /De/)

AutoNDA by SimpleDocs

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and after the Effective Time there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving CorporationCompany. If, after the Effective Time, the Certificates are presented to the Surviving Corporation Company for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aims Worldwide Inc)

No Further Ownership Rights in Shares of Company Stock. The shares portion of Parent Stock the Transaction Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Paying Agent the Surviving Corporation for any reason, they shall be canceled cancelled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Check Point Software Technologies LTD)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent ------------------------------------------------------ Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of shares of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Microcide Pharmaceuticals Inc)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock Transaction Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving CorporationCompany. If, after the Effective Time, the Certificates are presented to the Surviving Corporation Company for any reason, they shall be canceled cancelled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Check Point Software Technologies LTD)

AutoNDA by SimpleDocs

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Common Stock delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of shares of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Essential Therapeutics Inc)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock Per Share Closing Consideration and Per Share Deferred Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled cancelled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Employment Agreement (Cnet Networks Inc)

No Further Ownership Rights in Shares of Company Stock. The shares of Parent Stock Transaction Consideration delivered upon the surrender for exchange of Company Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Stock, and there shall be no further registration of transfers of Company Stock which were outstanding immediately prior to the Effective Time on the records of the Surviving Corporation. If, after the Effective Time, the Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article 2.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mentor Graphics Corp)

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