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

No Further Ownership Rights in the Company Common Stock. All shares of Parent Common Stock issued upon the surrender for exchange of shares of Company Common Stock in accordance with the terms hereof (including any cash paid in respect thereof pursuant to Section 1.9(f) and 1.11(d)) shall be deemed to have been issued in full satisfaction of all rights pertaining to such shares of Company Common Stock, and there shall be no further registration of transfers on the records of the Surviving Corporation in the Company Merger of shares of Company Common Stock which were outstanding immediately prior to the Effective Time of the Company Merger. If, after the Effective Time of the Company Merger, 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: Merger Agreement (Palm Inc), Agreement and Plan of Reorganization (Handspring Inc)

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No Further Ownership Rights in the Company Common Stock. All Merger Consideration issued and/or paid and any cash payments in lieu of fractional shares upon surrender of Parent Common Stock issued upon the surrender for exchange of shares of Company Common Stock Certificates (or affidavits) in accordance with the terms hereof (including any cash paid in respect thereof pursuant to Section 1.9(f) and 1.11(d)) shall be deemed to have been issued and/or paid in full satisfaction of all rights pertaining to such shares of the Company Common StockStock represented thereby, and, as of the Closing Date, the stock transfer books of the Company shall be closed and there shall be no further registration of transfers on the records stock transfer books of the Surviving Corporation in the Company Merger of shares of the Company Common Stock which were outstanding immediately prior to the Effective Time of the Company MergerTime. If, after the Effective Time of the Company MergerTime, Certificates are presented to the Surviving Corporation for any reason, they shall be canceled cancelled and exchanged as provided in this Article I.Section 2.4.

Appears in 2 contracts

Samples: Merger Agreement (Packetport Com), Merger Agreement (Packetport Com)

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