Common use of Merger Clause in Contracts

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 96 contracts

Samples: Three Year Change in Control Agreement (BV Financial, Inc.), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

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Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 75 contracts

Samples: Amended And (CB Financial Services, Inc.), Employment Agreement (Kearny Financial Corp.), Management Change in Control Severance Agreement (Parke Bancorp, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 48 contracts

Samples: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (EWSB Bancorp, Inc. /MD/)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.

Appears in 34 contracts

Samples: Change in Control Agreement (Clifton Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 33 contracts

Samples: Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Profile Bancorp Inc)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Bank or the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders shareholders of the Bank or the Company immediately before the merger or consolidation.

Appears in 25 contracts

Samples: Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc)

Merger. The Company merges into into, or consolidates with with, another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 17 contracts

Samples: Change in Control Agreement (Cape Bancorp, Inc.), Change in Control Agreement (Cape Bancorp, Inc.), Change in Control Agreement (Cape Bancorp, Inc.)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Bank or the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders shareholders of the Bank or the Company immediately before the merger or consolidation.;

Appears in 15 contracts

Samples: Change in Control Agreement (Fox Chase Bancorp Inc), Change in Control Agreement (Fox Chase Bancorp Inc), Change in Control Agreement (Fox Chase Bancorp Inc)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 13 contracts

Samples: Change in Control Agreement (Howard Bancorp Inc), Change in Control Agreement (Standard Financial Corp.), Change in Control Agreement (Clifton Bancorp Inc.)

Merger. The Bank or the Holding Company merges into or consolidates with another corporationentity, or merges another corporation into the Bank or Holding Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Bank or the Holding Company immediately before the merger or consolidation.;

Appears in 13 contracts

Samples: Change in Control Agreement (Hampden Bancorp, Inc.), Change in Control Agreement (Hampden Bancorp, Inc.), Employment Agreement (Hampden Bancorp, Inc.)

Merger. The Company Employer or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the CompanyBank or the Employer, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Employer or the Bank immediately before the merger or consolidation.;

Appears in 12 contracts

Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, persons who were stockholders of the Company immediately before the merger or consolidation hold less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 11 contracts

Samples: Employment Agreement, Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 10 contracts

Samples: Change in Control Agreement (New England Bancshares, Inc.), Change in Control Agreement (Liberty Bancorp Inc), Change in Control Agreement (Liberty Bancorp Inc)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 10 contracts

Samples: Change in Control Agreement (PB Bancorp, Inc.), Change in Control Agreement (PB Bancorp, Inc.), Employment Agreement (Bancorp 34, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.

Appears in 8 contracts

Samples: Walden Federal Savings and Loan Association (Hometown Bancorp,Inc.), Walden Federal Savings and Loan Association (Hometown Bancorp,Inc.), Change in Control Agreement (Hometown Bancorp,Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation., provided, however, that a second-step conversion of the Company’s mutual holding company is specifically excluded from consideration as a Change in Control under this definition;

Appears in 7 contracts

Samples: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 7 contracts

Samples: Continuation Agreement (Delhi Bank Corp), Continuation Agreement (Delhi Bank Corp), Continuation Agreement (Delhi Bank Corp)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 5 contracts

Samples: Change in Control (FedFirst Financial Corp), Employment Agreement (FedFirst Financial CORP), Severance Agreement (FedFirst Financial Corp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation., provided, however, that a second step conversion of the Company’s mutual holding company is specifically excluded from consideration as a Change in Control under this definition;

Appears in 5 contracts

Samples: Change in Control Agreement (Georgetown Bancorp, Inc.), Employment Agreement (Georgetown Bancorp, Inc.), Change in Control Agreement (Georgetown Bancorp, Inc.)

Merger. The Company or Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyCompany or Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or Bank immediately before the merger or consolidation.;

Appears in 5 contracts

Samples: Employment Agreement (Standard Financial Corp.), Employment Agreement (Standard Financial Corp.), Employment Agreement (Standard Financial Corp.)

Merger. The Company or the Association merges into or consolidates with another corporationentity, or merges another bank or corporation into the Association or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Association immediately before the merger or consolidation.;

Appears in 4 contracts

Samples: Home Federal Savings And (Best Hometown Bancorp, Inc.), Home Federal Savings And (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank or Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.;

Appears in 4 contracts

Samples: Salary Continuation Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another bank or corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Bank or the Company immediately before the merger or consolidation.;

Appears in 4 contracts

Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 4 contracts

Samples: Chicopee Savings Bank (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Year Employment Agreement (Chicopee Bancorp, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.; (2)

Appears in 4 contracts

Samples: Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/), Form of Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/), Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/)

Merger. The Holding Company merges into or consolidates with another corporationentity, or merges another corporation entity into the CompanyHolding Company and, and as a result result, less than a majority of the combined voting power of the resulting corporation entity or, if applicable, the ultimate parent thereof, immediately after the merger or consolidation is held by persons who were stockholders of the Holding Company immediately before the merger or consolidation.;

Appears in 3 contracts

Samples: Employment Agreement (Coastal Financial Corp), Employment Agreement (Coastal Financial Corp), Employment Agreement (Coastal Financial Corp)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 3 contracts

Samples: Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp), Continuation Agreement (Delhi Bank Corp)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank or Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.; (ii)

Appears in 3 contracts

Samples: Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 3 contracts

Samples: Change in Control Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (Equitable Financial Corp)

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Merger. The Company or the Association merges into or consolidates with another corporationentity, or merges another Association or corporation into the Association or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Association immediately before the merger or consolidation.;

Appears in 3 contracts

Samples: Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank of Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.;

Appears in 2 contracts

Samples: Change of Control Agreement (First Northern Community Bancorp), Change of Control Agreement (First Northern Community Bancorp)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.; or

Appears in 2 contracts

Samples: Control Agreement (Long Island Financial Corp), Control Agreement (Long Island Financial Corp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation entity into the CompanyCompany and, and as a result result, less than a majority of the combined voting power of the resulting corporation entity or, if applicable, the ultimate parent thereof, immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 2 contracts

Samples: Change in Control Severance Agreement (Coastal Financial Corp), Change in Control Severance Agreement (Coastal Financial Corp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders members of the Company immediately before the merger or consolidation.;

Appears in 2 contracts

Samples: Supplemental Director Retirement Agreement (Newport Bancorp Inc), Supplemental Executive Retirement Agreement (Newport Bancorp Inc)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Samples: Agreement of Merger (Frankfort First Bancorp Inc)

Merger. The Company Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyBank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank immediately before the merger or consolidation.

Appears in 1 contract

Samples: Director Retirement Agreement (SI Financial Group, Inc.)

Merger. The Company Corporation merges into or consolidates with another corporation, or merges another corporation into the CompanyCorporation, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Corporation immediately before the merger or consolidation.; or

Appears in 1 contract

Samples: Change in Control Agreement (Provident Bankshares Corp)

Merger. The Company merges into or consolidates with another corporation, entity or merges another corporation entity into the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders members of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Supplemental Director Retirement Agreement (Newport Bancorp Inc)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Samples: Employment Agreement (FedFirst Financial CORP)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank of Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.. b.

Appears in 1 contract

Samples: Change of Control Agreement (First Northern Community Bancorp)

Merger. The Company Corporation merges into or consolidates with ------ another corporation, or merges another corporation into the CompanyCorporation, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Corporation immediately before the merger or consolidation.; or

Appears in 1 contract

Samples: Provident Bankshares Corporation Change in Control Agreement (Provident Bankshares Corp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Change in Control Agreement (Bancorp 34, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Change in Control Agreement (Profile Bancorp Inc)

Merger. The the Company merges into or consolidates with another corporation, or merges another corporation into the Company, Company and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Employment Agreement (Yardville National Bancorp)

Merger. The Company Employer merges into or consolidates with another corporationentity, or merges another corporation into the CompanyEmployer, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Employer immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Non Solicitation and Confidentiality Agreement (Pulaski Financial Corp)

Merger. The Company merges into or ------ consolidates with another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Samples: Employment Agreement (FedFirst Financial CORP)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Samples: Employment Agreement (FFBW, Inc. /MD/)

Merger. The Company Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyBank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank immediately before the merger or consolidation.;

Appears in 1 contract

Samples: Delanco Federal Savings (Delanco Bancorp, Inc)

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