Termination of Rights as the Stockholder Sample Clauses

Termination of Rights as the Stockholder. Upon payment of the Repurchase Amount, the Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Shares, including any rights that the Stockholder may have had under the Company’s Certificate of Incorporation or otherwise.
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Termination of Rights as the Stockholder. Upon payment at Closing of the Repurchase Amount, the Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Shares, including any rights that the Stockholder may have had under the Company's Certificate of Incorporation or otherwise. Until that date, Stockholders shall retain all rights of shareholders of the Company, even though those Shares submitted in response to this offer and accepted at the Ending by the Company will be in escrow with the Company until the Closing. However, if the Offer is oversubscribed, at the Ending the Company will make prorata determinations so that all Stockholders will be treated equally as to the amount of Shares to be repurchased by the Company proportionate to the total number of Shares actually tendered in the Offer by each Stockholder.
Termination of Rights as the Stockholder. Upon payment of the Repurchase Amount, the Class B Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights as a holder of the Class B Shares, including any rights that the Stockholder may have had under the Company’s Certificate of Incorporation or otherwise.
Termination of Rights as the Stockholder. Upon payment of the Repurchase Amount, the Purchased Shares shall cease to be outstanding for any and all purposes, and the Stockholder shall no longer have any rights whatsoever as a holder of the Purchased Shares, including any rights that the Stockholder may have had under the Company’s Certificate of Incorporation (as amended), Amended and Restated Bylaws, or otherwise. The Company shall treat the Purchased Shares as either having been returned to the Company’s authorized but unissued common stock or as treasury stock, in the Company’s sole discretion.
Termination of Rights as the Stockholder. Upon payment of the Repurchase Amount, the Subject Stock shall cease to be outstanding for any and all purposes and the Stockholder shall no longer have any rights as a holder of the Subject Stock, including any rights that the Stockholder may have had under the Company’s Articles of Incorporation or otherwise.

Related to Termination of Rights as the Stockholder

  • Termination of Rights as Shareholder If any of the Shares are forfeited in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such forfeited Shares.

  • Termination of Rights The Right of First Refusal and the Company's right to repurchase the Shares in the event of an involuntary transfer pursuant to Section 3(c) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). Upon termination of the Right of First Refusal and the expiration or exercise of the Repurchase Option, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 6(a)(ii) below and delivered to Purchaser.

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