Common use of Acquisition of Significant Share Ownership Clause in Contracts

Acquisition of Significant Share Ownership. A report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) has or have become the beneficial owner(s) of 25% or more of a class of the Company’s voting securities, but this clause (b) shall not apply to beneficial ownership of Company 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: Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc), Supplemental Executive Retirement Agreement (Smithtown Bancorp Inc)

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Acquisition of Significant Share Ownership. A The Company files, or is required to file, a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (bii) shall not apply to beneficial ownership of Company 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 1 contract

Samples: Employment Agreement (Newport Bancorp Inc)

Acquisition of Significant Share Ownership. A a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 2515% or more of a class of the Company’s FC's voting securities, but this clause (b) 2 shall not apply to beneficial ownership of Company FC voting shares held in a fiduciary capacity by an entity of which the Company FC directly or indirectly beneficially owns 50% or more of its outstanding voting securities;

Appears in 1 contract

Samples: General Release Agreement (Fc Banc Corp)

Acquisition of Significant Share Ownership. A a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (b) shall not apply to beneficial ownership of Company voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns fifty percent (50% %) or more of its outstanding voting securities;

Appears in 1 contract

Samples: Salary Continuation Agreement (Delhi Bank Corp)

Acquisition of Significant Share Ownership. A a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (bii) shall not apply to beneficial ownership of Company 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 1 contract

Samples: Employment Agreement (Jefferson Bancshares Inc)

Acquisition of Significant Share Ownership. A There is filed or required to be filed a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s 's voting securities, but this clause (b) shall not apply to beneficial ownership of Company 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 1 contract

Samples: Change in Control Agreement (SI Financial Group, Inc.)

Acquisition of Significant Share Ownership. A There is filed or required to be filed a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (b2) shall not apply to beneficial ownership of Company 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 1 contract

Samples: Employment Agreement (Mayflower Bancorp Inc)

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Acquisition of Significant Share Ownership. A a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (b) shall not apply to beneficial ownership of Company 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 1 contract

Samples: Change in Control Protection Agreement (Cooperative Bankshares Inc)

Acquisition of Significant Share Ownership. A There is filed or required to be filed a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (b) shall not apply to beneficial ownership of Company 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;. 170527.2

Appears in 1 contract

Samples: Change in Control Agreement (SI Financial Group, Inc.)

Acquisition of Significant Share Ownership. A a report on Schedule 13D or another form or schedule (other than Schedule 13G) is filed or is required to be filed under Sections 13(d1.3(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person(s) person or persons acting in concert has or have become the beneficial owner(s) owner of 25% or more of a class of the Company’s voting securities, but this clause (b) shall not apply to beneficial ownership of Company voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns fifty percent (50% %) or more of its outstanding voting securities;

Appears in 1 contract

Samples: Salary Continuation Agreement (Delhi Bank Corp)

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