SCCB definition
Examples of SCCB in a sentence
Each SCCB Employee Plan that is an "employee pension benefit plan" (as defined in Section 3(2) of ERISA) and which is intended to be qualified under Section 401(a) of the Code (a "SCCB Qualified Plan") has received a favorable determination letter from the Internal Revenue Service ("IRS"), and SCCB and its Subsidiaries are not aware of any circumstances likely to result in revocation of any such favorable determination letter.
Except as set forth in SCCB's Disclosure ----------------- Letter, no litigation, proceeding, controversy, claim or action before any court or governmental agency is pending against SCCB or any of its Subsidiaries and, to the best of SCCB's knowledge, no such litigation, proceeding, controversy, claim or action has been threatened.
In the event that the exercise price of a SCCB Option is greater than the Merger Consideration, then at the Effective Time such SCCB Option shall be canceled without any payment made in exchange therefor.
All such permits, licenses, certificates of authority, orders and approvals are in full force and effect, and, to the best knowledge of SCCB, no suspension or cancellation of any of them is threatened.
Upon consummation of the Merger, the separate corporate existence of SCCB shall cease.
During the period from -------------------------------------------- the date of this Agreement and continuing until the Bank Merger Effective Time, each of the parties hereto agrees to observe and perform all agreements and covenants of UFB and SCCB in the Merger Agreement that pertain or are applicable to Community Federal and Provident, respectively.
As of the date of this Agreement, 100 shares of such common stock were outstanding, no shares of such preferred stock were outstanding and all outstanding shares of such common stock were, and as of the Effective Time will be, owned by SCCB.
The initial press release announcing this --------- Agreement shall be a joint press release and thereafter SCCB and UFB shall consult with each other in issuing any press releases or otherwise making public statements with respect to the Merger and any other transaction contemplated hereby and in making any filings with any Governmental Entity or with any national securities exchange with respect thereto.
SCCB's Disclosure Letter sets forth a complete and accurate list of all options to purchase SCCB Common Stock that have been granted and are outstanding pursuant to the SCCB Option Plan and all outstanding restricted stock grants under the SCCB RRP, including the dates of grant, exercise prices, dates of vesting, dates of termination and shares subject to each grant.
The Request for Change (RFC) shall contain, in addition to a technical description of the change to the GMR-2+ specifications itself, an assesment of the cost impact, schedule impact, requirements impact, materials impact (with or without resale, reuse, or salvage), effect if the RFC is rejected, and the date/milestone by which the SCCB must make a decision on the disposition of the RFC.