Dividend Reinvestment. Seller shall use its best efforts to suspend the acceptance of dividends and other contributions of participants in the DRIP effective as soon as practicable after the date of this Agreement. In addition, prior to the Effective Time, Seller shall take such action as is necessary to terminate the DRIP and shall distribute all Seller Shares and the value of all cash held in participant’s plan accounts in accordance with the terms of the DRIP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Fidelity Bancorp Inc), Agreement and Plan of Merger (Wesbanco Inc)
Dividend Reinvestment. Seller shall use its best efforts take all such necessary action to suspend the acceptance of dividends and other contributions of participants in the DRIP Seller’s Dividend Reinvestment Plan (“DRIP”) effective as soon as practicable promptly after the date of this AgreementAgreement (taking into account any Seller dividends that have been declared but not yet paid as of the date hereof). In addition, prior to the Effective Time, Seller shall take such action as is necessary to terminate the DRIP and shall distribute all Seller Shares and the value of all cash held in participant’s plan accounts in accordance with the terms of the DRIP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Wesbanco Inc), Agreement and Plan of Merger (Esb Financial Corp)
