Common use of Conversion of Computec Stock Clause in Contracts

Conversion of Computec Stock. On the terms and subject to the conditions of this Agreement, at the Effective Time, by virtue of the Merger, and without any further action on the part of Computec or the Shareholders, (a) each share of Computec's Class A Common Stock, no par value (the "Class A Stock"), issued and outstanding immediately prior to the Effective Time (the "Outstanding Class A Stock") shall be canceled and extinguished and be converted into the right to receive the Class A Initial Consideration and the Class A Additional Consideration, and (b) each share of Computec's Class B Common Stock, no par value (the "Class B Stock"), issued and outstanding immediately prior to the Effective Time (the