Common use of No Retained Rights Clause in Contracts

No Retained Rights. No Stockholder will retain any right after the Closing in any Company Stock to be transferred by him at the Closing but, to the extent that such right may exist upon the consummation of the Closing, such right shall be deemed to have been released and extinguished.

Appears in 5 contracts

Samples: Employment Agreement (Advanced Communications Group Inc/De/), Agreement and Plan of Exchange (Advanced Communications Group Inc/De/), Agreement and Plan of Exchange (Advanced Communications Group Inc/De/)

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No Retained Rights. No Stockholder will not retain any right after the Closing in any Company Seller Stock to be transferred by him at the Closing but, to the extent that such right may exist upon the consummation of the Closing, such right shall be deemed to have been released and extinguished.

Appears in 1 contract

Samples: Stock Purchase and Exchange Agreement (Advanced Communications Group Inc/De/)

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No Retained Rights. No Stockholder will retain any right after the Closing in any Company Stock to be transferred by him at the Closing but, to the extent that such right may exist upon the consummation of the Closing, such right shall be deemed to have been released and extinguished.

Appears in 1 contract

Samples: Employment Agreement (Advanced Communications Group Inc/De/)

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