Common use of Treasury Shares Clause in Contracts

Treasury Shares. Each share of Centra Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefore.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Centra Financial Holdings Inc)

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Treasury Shares. Each share of Centra Company Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Regency Bancorp), Agreement and Plan of Merger (Fp Bancorp Inc)

Treasury Shares. Each share of Centra Premier Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefore.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Premier Community Bankshares Inc)

Treasury Shares. Each share of Centra the shares of Company Common Stock held as Treasury Stock Shares immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Gray Communications Systems Inc /Ga/), Agreement and Plan of Merger (Gray Communications Systems Inc /Ga/)

Treasury Shares. Each share of Centra Company Common Stock Share held as Treasury Stock immediately prior to the Effective Time Time, shall be canceled and retired at the Effective Time Time, and no consideration shall be issued in exchange thereforetherefor. All Buyer Common Shares owned by the Company or any of its Subsidiaries (other than Treasury Stock) shall become Treasury Stock of the Buyer.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Quick & Reilly Group Inc /De/)

Treasury Shares. Each share of Centra Mercantile Common Stock Shares held as Treasury Stock Shares immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Community Bancorp Inc /Md/)

Treasury Shares. Each share of Centra Company Common Stock Share held as Treasury Stock treasury stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor. Notwithstanding the foregoing, any Company Common Shares held by any trustee under any of the Company’s or any of the Subsidiaries’ deferred compensation plans shall be treated as outstanding for purposes of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Industries Corp)

Treasury Shares. Each share of Centra Company Common Stock Share held as Treasury Stock treasury stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor. Notwithstanding the foregoing, any Company Common Shares held by any trustee under any of the Company's or any of the Subsidiaries' deferred compensation plans shall be treated as outstanding for purposes of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Rayovac Corp)

Treasury Shares. Each share At the Effective Time, all shares of Centra Common Stock that are held as Treasury Stock immediately prior to in the Effective Time treasury of the Company or owned by the Company or any of the Subsidiaries shall be canceled and retired at the Effective Time cancelled and no consideration shall be issued delivered in exchange thereforetherefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Costar Group Inc)

Treasury Shares. Each share of Centra Traders Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefore.

Appears in 1 contract

Samples: Agreement of Merger (Premier Financial Bancorp Inc)

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Treasury Shares. Each share of Centra Bank Common Stock held as Treasury Stock immediately prior to before the Effective Time shall will be canceled and retired at the Effective Time Time, and no consideration shall will be issued in exchange thereforefor that Treasury Stock.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Bingham Financial Services Corp)

Treasury Shares. Each share of Centra ALBANK Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time Time, and no consideration shall be issued in exchange thereforetherefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Charter One Financial Inc)

Treasury Shares. Each share of Centra Company Common Stock held by the Company or any wholly-owned Subsidiary of the Company as Treasury Stock Shares immediately prior to the Effective Time shall no longer be outstanding and shall automatically be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor.

Appears in 1 contract

Samples: Agreement and Plan (Antec Corp)

Treasury Shares. Each share of Centra Century Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange thereforetherefor.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Century Bancshares Inc)

Treasury Shares. Each share of Centra Bank Common Stock held as Treasury Stock treasury stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefore.

Appears in 1 contract

Samples: Agreement of Merger (Premier Financial Bancorp Inc)

Treasury Shares. Each share of Centra Bank Common Stock held as Treasury Stock immediately prior to the Effective Time shall be canceled and retired at the Effective Time and no consideration shall be issued in exchange therefore.

Appears in 1 contract

Samples: Agreement of Merger (Premier Financial Bancorp Inc)

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