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

No Further Ownership Rights in the Company Capital Stock. The shares of Parent Common Stock and Parent Stock Warrants paid in respect of the surrender for exchange of Company Common Stock in accordance with the terms hereof (including any cash paid with respect to fractional shares of Parent Common Stock or Parent Stock Warrants) shall be deemed to be in full satisfaction of all rights pertaining to such Company Common Stock, and there shall be no further registration of transfers on the records of the Surviving Corporation of capital stock that was outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 2 contracts

Samples: Employment Agreement (Xfone Inc), Agreement and Plan of Merger (Xfone Inc)

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No Further Ownership Rights in the Company Capital Stock. The shares of Parent Common Stock and Parent Stock Warrants paid in respect of the surrender for exchange of Company Common Stock and Company Preferred Stock in accordance with the terms hereof (including any cash paid with respect to fractional shares of Parent Common Stock or Parent Stock Warrants) shall be deemed to be in full satisfaction of all rights pertaining to such Company Common Stock or Company Preferred Stock, and there shall be no further registration of transfers on the records of the Surviving Corporation of capital stock that was outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled and exchanged as provided in this Article I.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xfone Inc)

No Further Ownership Rights in the Company Capital Stock. The All shares of Parent Common Stock and Parent Stock Warrants paid in respect of issued upon the surrender for exchange of shares of the Company Common Capital Stock in accordance with the terms hereof (including any cash paid with respect to fractional shares of Parent Common Stock or Parent Stock Warrants) shall be deemed to be have been issued in full satisfaction of all rights pertaining to such shares of the Company Common Capital Stock, and after the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of capital stock that was shares of the Company Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates are presented to the Surviving Corporation for any reason, they shall be canceled exchanged and exchanged cancelled as provided in this Article I.II.

Appears in 1 contract

Samples: Confidentiality and Intellectual Property Agreement (Implant Sciences Corp)

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No Further Ownership Rights in the Company Capital Stock. The All shares of Parent Common Preferred Stock and Parent Stock Warrants paid in respect of issued upon the surrender for exchange of shares of the Company Common Capital Stock in accordance with the terms hereof (including any cash paid with respect to fractional shares of Parent Common Stock or Parent Stock Warrants) shall be deemed to be have been issued in full satisfaction of all rights pertaining to such shares of the Company Common Capital Stock, and after the Effective Time there shall be no further registration of transfers on the records of the Surviving Corporation of capital stock that was shares of the Company Capital Stock which were outstanding immediately prior to the Effective Time. If, after the Effective Time, Certificates certificates are presented to the Surviving Corporation for any reason, they shall be canceled exchanged and exchanged cancelled as provided in this Article I.II.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Biodelivery Sciences International Inc)

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