Common use of Treasury Stock and Parent Owned Stock Clause in Contracts

Treasury Stock and Parent Owned Stock. Each share of ------------------------------------- Common Stock that is owned by the Company or any subsidiary of the Company ("Treasury Shares") and each share of Common Stock that is owned by Parent, --------------- Merger Sub or any other subsidiary of Parent ("Parent Shares") shall ------------- automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Sun Healthcare Group Inc), Agreement and Plan of Merger (Sun Healthcare Group Inc), Agreement and Plan of Merger (Regency Health Services Inc)

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Treasury Stock and Parent Owned Stock. Each share of ------------------------------------- Common Stock that is owned by the Company or any subsidiary of the Company ("Treasury Shares") and each share of Common Stock that is owned by Parent, --------------- Merger Sub or any other subsidiary of Parent ("Parent Shares") shall ------------- automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Genesis Eldercare Acquisition Corp), Agreement and Plan of Merger (Multicare Companies Inc)

Treasury Stock and Parent Owned Stock. Each share All ----------------------------------------------------- shares of ------------------------------------- Company Common Stock that is are owned by the Company or as treasury stock, all shares of Company Common Stock owned by any subsidiary of the Company ("Treasury Shares") and each share any shares of Company Common Stock that is owned by Parent, --------------- Merger Sub the Purchaser or any other wholly owned subsidiary of Parent ("Parent Shares"in each case together with associated Rights) shall ------------- automatically be canceled and retired and shall cease to exist, exist and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Berkshire Hathaway Inc)

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Treasury Stock and Parent Owned Stock. Each share of ------------------------------------- Common Stock that is owned by the Company or any subsidiary of the Company ("Treasury Shares") and each share of Common Stock that is of ------------------------------------- the Company (and related Right) (including, without limitation, the Shares purchased pursuant to the Offer) owned by the Company, any Subsidiary of the Company, Parent, --------------- Merger Sub or any other subsidiary Subsidiary of Parent ("Parent Shares") shall ------------- automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Owens Corning)

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