Common use of Parent-Owned Shares and Stock Held in Treasury Clause in Contracts

Parent-Owned Shares and Stock Held in Treasury. Each Company Share held in the treasury of the Company (dormant shares), together with any Company Shares reserved for future grants under the Company Share Plans, or owned by Parent or any direct or indirect wholly owned Subsidiary of the Company or of Parent immediately prior to the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Attunity LTD), Agreement and Plan of Merger (Enzymotec Ltd.), Agreement and Plan of Merger (Frutarom LTD)

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Parent-Owned Shares and Stock Held in Treasury. Each Company Share held in the treasury of the Company (dormant shares), together with any Company Shares reserved for future grants under the Company Share Plans, or owned by Parent or any direct or indirect wholly owned Subsidiary of the Company or of Parent immediately prior to the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Meridian Bioscience Inc), Agreement and Plan of Merger, Agreement and Plan of Merger (Given Imaging LTD)

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Parent-Owned Shares and Stock Held in Treasury. Each dormant Company Share held in by the treasury of the Company (dormant shares)Company, together with any Company Shares reserved for future grants under the or each Company Share Plans, or owned by Parent or any direct or indirect wholly owned Subsidiary of the Company or of Parent immediately prior to the Effective Time, if any, shall be canceled and retired without any conversion or consideration paid in respect thereof and shall cease to exist.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Lumenis LTD), Agreement and Plan of Merger (Lumenis LTD)

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