Common use of Change in Effective Control Clause in Contracts

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation stock possessing 30% or more of the total voting power of Corporation stock, or (y) a majority of the Corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directors; or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation stock possessing 30% or more of the total voting power of Corporation stock, or (y) a majority of the Corporation’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directors; , or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation stock possessing 30% or more of the total voting power of Corporation stock, or (y) a majority of the Corporation’s board of directors Board is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directorsBoard; or

Change in Effective Control. (xi) any one person or more than one person acting as a group acquires within a 12-month twelve (12)-month period ownership of Corporation Company stock possessing thirty percent (30% %) or more of the total voting power of Corporation the Company’s stock, or (yii) a majority of the Corporation’s board of directors Company Board is replaced during any 12-month twelve(12)-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directors; Company Board, or

Change in Effective Control. (xi) any one person or more than one person acting as a group acquires within a 12-month twelve(12)-month period ownership of Corporation Company stock possessing thirty percent (30% %) or more of the total voting power of Corporation the Company’s stock, or (yii) a majority of the Corporation’s board of directors Company Board is replaced during any 12-month twelve(12)-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directors; Company Board, or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation the Bancorp stock possessing 30% or more of the total voting power of Corporation the Bancorp stock, or (y) a majority of the CorporationBancorp’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the CorporationBancorp’s board of directors; , or

Change in Effective Control. (xi) any one person or more than one person acting as a group acquires within a 12-month twelve (12)-month period ownership of Corporation Company stock possessing thirty percent (30% %) or more of the total voting power of Corporation the Company’s stock, or (yii) a majority of the Corporation’s board of directors Company Board is replaced during any 12-month twelve (12)-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s board of directors; Company Board, or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation Bancorp stock possessing 30% or more of the total voting power of Corporation Bancorp stock, or (y) a majority of the CorporationBancorp’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the CorporationBancorp’s board of directors; , or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation Company stock possessing 30% or more of the total voting power of Corporation stockthe Company, or (y) a majority of the CorporationCompany’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the CorporationCompany’s board of directors; , or

Change in Effective Control. (x) any one person or more than one person acting as a group acquires within a 12-month period ownership of Corporation Company stock possessing 30% or more of the total voting power of Corporation Company stock, or (y) a majority of the CorporationCompany’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the CorporationCompany’s board of directors; or

Change in Effective Control. (xi) any one (1) person or more than one (1) person acting as a group acquires within a 12-month twelve (12)-month period ownership of Corporation or Bank stock possessing 30% or more of the total voting power of Corporation or Bank stock, or (yii) a majority of the Corporation’s directors on the board of directors of the Corporation or the Bank is replaced during any 12-month twelve (12)-month period by directors whose appointment or election is not endorsed in advance by a majority of the Corporation’s directors on the board of directors; directors of the Corporation or the Bank, or