Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 47 contracts
Samples: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (EWSB Bancorp, Inc. /MD/)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the CompanyEmployer’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the CompanyEmployer’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company Employer directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 12 contracts
Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;; (3)
Appears in 7 contracts
Samples: Employment Agreement (Pathfinder Bancorp, Inc.), Two Year Change in Control Agreement (Pathfinder Bancorp, Inc.), Two Year Change in Control Agreement (Kearny Financial Corp.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the CompanyBank’s or the BankCompany’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the CompanyBank’s or the BankCompany’s voting shares held in a fiduciary capacity by an entity of which the Bank or the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 5 contracts
Samples: Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.), Executive Employment Agreement (MainStreet Bancshares, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the BankAssociation’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the BankAssociation’s voting shares held in a fiduciary capacity by an entity of which the Company or the Association directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 3 contracts
Samples: Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become hereinafter becomes the beneficial owner of 25% or more of a class of the Company’s 's or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding 's voting securities;
Appears in 3 contracts
Samples: Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s 's or the Bank’s 's voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s 's or the Bank’s 's voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 3 contracts
Samples: Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company or the Bank directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 3 contracts
Samples: Employment Agreement (First Seacoast Bancorp, Inc.), Employment Agreement (First Seacoast Bancorp), Employment Agreement (First Seacoast Bancorp)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the BankAssociation’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the BankAssociation’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 2 contracts
Samples: Employment Agreement (Monroe Federal Bancorp, Inc.), One Year Change in Control Agreement (Monroe Federal Bancorp, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;
Appears in 2 contracts
Samples: Employment Agreement (Eagle Financial Bancorp, Inc.), Employment Agreement (Eagle Financial Bancorp, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securitiessecurities having the right to vote in an election of the board of the directors (“Voting Securities”); provided, however, this clause (2b) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securitiesVoting Securities;
Appears in 2 contracts
Samples: Change in Control Agreement (PB Bancorp, Inc.), Change in Control Agreement (PB Bancorp, Inc.)
Acquisition of Significant Share Ownership. A person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Company’s or the Bank’s voting securities; provided, however, this clause (2) shall not apply to beneficial ownership of the Company’s or the Bank’s voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting securities;; or (3)
Appears in 1 contract
