Stock of Bank. Subject to the provisions of Section 2.6 hereof, each share of common stock of Bank issued and outstanding immediately prior to the Effective Date shall be converted into one share of common stock of Holding Company.
Appears in 4 contracts
Samples: Reorganization and Agreement of Merger (Coast Bancorp/Ca), Plan of Reorganization and Agreement of Merger (Coast Bancorp/Ca), Reorganization and Agreement of Merger (Community Bancorp Inc)
Stock of Bank. Subject to the provisions of Section 2.6 hereof, each share of common stock Common Stock of Bank issued and outstanding immediately prior to the Effective Date shall be converted into one share of common stock Common Stock of Holding Company.
Appears in 2 contracts
Samples: Plan of Reorganization (Santa Lucia Bancorp), Plan of Reorganization and Agreement of Merger (Bank of Marin Bancorp)
Stock of Bank. Subject to the provisions of Section 2.6 hereof, each Each share of common stock of Bank issued and outstanding immediately prior to the Effective Date shall be converted into one share of common stock of Holding Company.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization and Merger (BankGuam Holding Co)
Stock of Bank. Subject to the provisions of Section 2.6 2.5 hereof, each share of common stock of the Bank issued and outstanding immediately prior to the Effective Date shall be converted into and exchanged for one share of common stock of the Holding Company. Immediately following the Effective Date, the Bank shall issue a certificate for Bank common stock to the Holding Company equal to the number of shares of Holding Company common stock outstanding immediately before the Effective Date.
Appears in 1 contract
