Interim Common Stock. Each share of Interim Common Stock which is issued and outstanding immediately prior to the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of issued and outstanding shares of common stock of the Surviving Corporation.
Appears in 6 contracts
Samples: Agreement and Plan of Reorganization (Laurel Capital Group Inc), Agreement and Plan of Reorganization (Parkvale Financial Corp), Employment Agreement (Staten Island Bancorp Inc)
Interim Common Stock. Each share of Interim Common Stock which is issued and outstanding immediately prior to the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of issued and outstanding shares share of common stock Common Stock of the Surviving Corporation.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Oneida Financial Corp), Agreement and Plan of Merger (Sound Federal Bancorp), Agreement and Plan of Merger (Peekskill Financial Corp)
Interim Common Stock. Each share of Interim Common Stock which is issued and outstanding immediately prior to the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of issued and outstanding shares of common stock Common Stock of the Surviving Corporation.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Delaware First Financial Corp)
Interim Common Stock. Each share of Interim Common Stock which is common stock issued and outstanding immediately prior to the Effective Time shall be converted automatically immediately and by virtue of the Merger, without any action on the part of Interim or the holder thereof of such share, be converted into an equal number and become one fully paid and nonassessable share of issued and Bank Common Stock, whereupon the Holding Company as the holder of such shares of common stock of Interim will be the holder of all of the outstanding shares of common stock of the Surviving CorporationBank.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Harbor Florida Bancorp Inc)
