Antidilutive Adjustments. If, prior to the Effective Time, CNB shall declare any dividend payable in shares of CNB Stock, or shall subdivide, split, reclassify or combine the presently outstanding shares of CNB Stock, then an appropriate and proportionate adjustment shall be made in the number of shares of MFC Common Stock and/or cash, as the case may be, into which each share of CNB Stock will be converted at the Effective Time pursuant to this Plan of Merger.
Appears in 2 contracts
Samples: Agreement and Plan (CNB Holdings Inc), Agreement and Plan (Mountainbank Financial Corp)
Antidilutive Adjustments. If, prior to the Effective Time, CNB shall declare any dividend payable in shares of CNB Stock, or shall subdivide, split, reclassify or combine the presently outstanding shares of CNB Stock, then an appropriate and proportionate adjustment shall be made in the number of shares of MFC Common Stock and/or cash, as the case may be, into which each share of CNB Stock will be converted at the Effective Time pursuant to this Plan of MergerAgreement.
Appears in 2 contracts
Samples: Agreement and Plan (Mountainbank Financial Corp), Agreement and Plan (CNB Holdings Inc)
