Owned Company Shares. Each Company Share held in the treasury of the Company (dormant shares) or on behalf of the Company, if any, or held by Parent or any direct or indirect wholly owned Subsidiary of the Company or of Parent, in each case, immediately prior to the Effective Time, if any, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to exist, and no payment hereunder shall be made with respect thereto.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Comtech Telecommunications Corp /De/), Agreement and Plan of Merger (Gilat Satellite Networks LTD), Agreement and Plan of Merger (Gilat Satellite Networks LTD)
Owned Company Shares. Each Company Share held in the treasury of the Company (dormant shares) ), together with any Company Shares reserved for future grants under the Company Plans, or owned by the 102 Trustee on behalf of the Company, if any, or held by Parent or any direct or indirect wholly owned Subsidiary of the Company or of Parent, in each case, Parent immediately prior to the Effective TimeTime (collectively, the “Excluded Company Shares”), if any, shall no longer be outstanding and shall automatically be cancelled and retired and shall cease to existremain outstanding, and no payment hereunder Merger Consideration or any other consideration shall be made with respect theretodue or delivered in exchange therefor.”
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Orbotech LTD), Agreement and Plan of Merger (Kla Tencor Corp)
