Common use of Conversion and Cancellation of Securities Clause in Contracts

Conversion and Cancellation of Securities. At the Effective Time: (a) Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the Merger Consideration set forth across from the name of each Company Common Stockholder on Exhibit B.

Conversion and Cancellation of Securities. At the Effective Time: (a) Company Common Stock. Each share of Company Common Stock issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the Merger Consideration set forth across from the name of each Company Common Stockholder on Exhibit B.in Section 2.3.