Manner of Converting Shares. (a) Each share of common stock of Mergeco issued and outstanding on the Effective Date shall on the Effective Date, without any action on the part of the holder of such share, become a fully paid and non-assessable share of common stock of the surviving corporation. (b) Each share of capital stock of Surviveco issued and outstanding on the Effective Date 3 shall on and after the Effective Date, without any action on the part of the holder of such share, be cancelled and retired.
Appears in 3 contracts
Sources: Merger Agreement (Si Financing Trust I), Merger Agreement (Targets Trusts Vi), Merger Agreement (SSBH Capital Iv)