Other Outcomes. If the aggregate number of Cash Election Shares is equal to or less than the Cash Number and the aggregate number of Stock Election Shares is equal to or less than Stock number, then all Stock Election Shares shall be converted into the right to receive Parent Common Stock, all Cash Election Shares shall be converted into the right to receive cash and all Non-Election Shares (if any) shall be converted into the right to receive Parent Common Stock or the right to receive cash in the following manner:
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Somerset Hills Bancorp), Agreement and Plan of Merger (Lakeland Bancorp Inc)
Other Outcomes. If the aggregate number of Cash Election Shares is equal to or less than the Cash Number and the aggregate number of Stock Election Shares is equal to or less than Stock numberNumber, then all Stock Election Shares shall be converted into the right to receive Parent 1st Constitution Common Stock, all Cash Election Shares shall be converted into the right to receive cash and all Non-Election Shares (if any) shall be converted into the right to receive Parent 1st Constitution Common Stock or the right to receive cash in the following manner:
Appears in 1 contract
Samples: Agreement and Plan of Merger (1st Constitution Bancorp)
Other Outcomes. If the aggregate number of Cash Election Shares is equal to or less than the Cash Number and the aggregate number of Stock Election Shares is equal to or less than Stock numberNumber, then all Stock Election Shares shall be converted into the right to receive Parent Common Stock, all Cash Election Shares shall be converted into the right to receive cash and all Non-Election Shares (if any) shall be converted into the right to receive Parent Common Stock or the right to receive cash in the following manner:
Appears in 1 contract
Samples: Agreement and Plan of Merger (Lakeland Bancorp Inc)
