PBI Common Stock Sample Clauses

PBI Common Stock. Each share of PBI common stock, no par value (the "PBI Common Stock") issued and outstanding at the Effective Time shall cease to represent any interest (equity, shareholder or otherwise) in PBI and shall automatically be converted exclusively into, and constitute only the right of each holder of record of PBI Common Stock immediately before the Effective Time (a "PBI Record Holder") to receive in exchange for such PBI Record Holder's shares of PBI Common Stock the consideration to which the PBI Record Holder is entitled as provided in this Section 2.1(b) (the "Consideration"):
AutoNDA by SimpleDocs
PBI Common Stock. Each share of PBI Common Stock issued and ------------------ outstanding immediately prior to the Effective Time (other than shares to be cancelled pursuant to Section 2.2(e) and Dissenting Shares, if any) shall be cancelled and shall be converted automatically into the right to receive $30.00 in cash, without interest, for each share of PBI Common Stock (the "Merger Consideration").

Related to PBI Common Stock

  • Common Stock 1 Company........................................................................1

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Company Common Stock “Company Common Stock” shall mean the Common Stock, par value $0.001 per share, of the Company.

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • Class B Common Stock 2 Closing........................................................................5

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Company Stock The Certificates and stock powers, duly endorsed, transferring the Company Stock to Subsidiary and the officer and director resignations required in Section 4.6;

  • Common Shares 4 Company...................................................................................... 4

  • Common Stock Equivalents In any exchange pursuant to this Section 24, the Company, at its option, may substitute Common Stock Equivalents for Common Stock exchangeable for Rights, at the initial rate of one share of Common Stock Equivalent for each share of Common Stock, as appropriately adjusted to reflect adjustments in the voting rights of the Common Stock pursuant to the Company's Certificate of Incorporation, so that the share of Common Stock Equivalent delivered in lieu of each share of Common Stock shall have the same voting rights as one share of Common Stock.

  • Purchaser Common Stock Each share of common stock, par value $0.001 per share, of the Purchaser (the “Purchaser Common Stock”) issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly and validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation.

Time is Money Join Law Insider Premium to draft better contracts faster.