Securities Outstanding. There shall be no shares of Common Stock or other Eldorado securities issued and outstanding as of the Effective Time other than (a) the 3,787,734 shares issued and outstanding as of the date hereof, and (b) any shares issued upon the exercise of Options subsequent to the date hereof, which exercise has been in accordance with the terms of the applicable Option as in effect on the date hereof.
Appears in 3 contracts
Sources: Merger Agreement (Commerce Security Bancorp Inc), Merger Agreement (Eldorado Bancorp), Merger Agreement (Commerce Security Bancorp Inc)