Common use of Manner of Converting Shares Clause in Contracts

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, and no consideration shall be issued in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (County Bancorp, Inc.), Agreement and Plan of Merger (Nicolet Bankshares Inc)

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Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Bank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, and no consideration shall be issued in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Mid Bancshares, Inc.), Agreement and Plan of Merger (First Mid Bancshares, Inc.)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Choice common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors FNB common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors common stock Union Common Stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Baylake Corp)

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Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors mBank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Commerce common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Investors Charter Bank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

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