Dividend Reinvestment. Seller shall take all such necessary action to suspend the acceptance of dividends and other contributions of participants in the Seller’s Dividend Reinvestment Plan (“DRIP”) effective promptly after the date of this Agreement (taking into account any Seller dividends that have been declared but not yet paid as of the date hereof). In addition, prior to the Effective Time, Seller shall take such action as is necessary to terminate the DRIP and shall distribute all Seller Shares and the value of all cash held in participant’s plan accounts in accordance with the terms of the DRIP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Esb Financial Corp), Agreement and Plan of Merger (Wesbanco Inc)
Dividend Reinvestment. Seller shall take all such necessary action use its best efforts to suspend the acceptance of dividends and other contributions of participants in the Seller’s Dividend Reinvestment Plan (“DRIP”) DRIP effective promptly as soon as practicable after the date of this Agreement (taking into account any Seller dividends that have been declared but not yet paid as of the date hereof)Agreement. In addition, prior to the Effective Time, Seller shall take such action as is necessary to terminate the DRIP and shall distribute all Seller Shares and the value of all cash held in participant’s plan accounts in accordance with the terms of the DRIP.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Fidelity Bancorp Inc), Agreement and Plan of Merger (Wesbanco Inc)
