Procedure for Redemption. The Series B Preferred Stock shall be redeemed in the following manner: (i) Shares of Series B Preferred Stock redeemed, purchased or otherwise acquired by the Corporation shall be held as treasury shares and may be sold or disposed of or shall be reclassified or retired and canceled as may be determined by the Board of Directors.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Physician Computer Network Inc /Nj), Stock Purchase Agreement (Picower Jeffry M)
