Common use of 9Parent-Sub Merger Clause in Contracts

9Parent-Sub Merger. Following the Merger, SYBT currently intends to cause the Surviving Corporation to be merged with and into SYBT pursuant to a short-form, parent-subsidiary merger in accordance with Section 271B.11-040 of the KBCA (the “Parent-Sub Merger”), with SYBT surviving the Parent-Sub Merger and continuing to exist under the name “Stock Yards Bancorp, Inc.” SYBT anticipates that the Parent-Sub Merger will occur immediately after the occurrence of the Merger. Following the Parent-Sub Merger, the separate corporate existence of the Surviving Corporation shall cease.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Kentucky Bancshares Inc /Ky/), Agreement and Plan of Merger (Kentucky Bancshares Inc /Ky/), Agreement and Plan of Merger (Kentucky Bancshares Inc /Ky/)

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