Common use of Prior to the Effective Time Clause in Contracts

Prior to the Effective Time. WCBI shall accelerate the vesting of any outstanding shares of restricted stock awarded under the WCBI Recognition and Retention Plan ("WCBI RRP") so that such shares shall vest and be distributed from the trust established to hold such shares immediately prior to the Effective Time. Prior to the Effective Time, any shares held by the trust under the WCBI RRP which were not awarded to eligible employees, eligible directors or eligible directors emeritus prior to the execution of this Agreement, shall be cancelled and the WCBI RRP shall be terminated, effective as of the Effective Time.