Common use of Board of Directors and Officers of Sovereign and Sovereign Bank Clause in Contracts

Board of Directors and Officers of Sovereign and Sovereign Bank. (i) On the Effective Date, the Board of Directors of Sovereign, as the surviving corporation in the Merger, shall consist of those persons holding such office immediately prior to the Effective Date.

Appears in 4 contracts

Samples: Stock Option Agreement (Bankers Corp), Agreement (First Home Bancorp Inc \Nj\), Agreement (Sovereign Bancorp Inc)

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Board of Directors and Officers of Sovereign and Sovereign Bank. (i) On the Effective Date, the Board of Directors and officers of Sovereign, as the surviving corporation in the Merger, shall consist of those persons holding such office offices immediately prior to the Effective Date.

Appears in 1 contract

Samples: Stock Option Agreement (Carnegie Bancorp)

Board of Directors and Officers of Sovereign and Sovereign Bank. (i) On the Effective Date, the Board of Directors of Sovereign, as the surviving corporation in connection with the Merger, shall consist of those persons holding such office immediately prior to the Effective Date.

Appears in 1 contract

Samples: Stock Option Agreement (Sovereign Bancorp Inc)

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Board of Directors and Officers of Sovereign and Sovereign Bank. (i) On the Effective Date, the Board of Directors of Sovereign, as the surviving corporation in the MergerSurviving Corporation, shall consist of those persons holding such office immediately prior to the Effective Date.

Appears in 1 contract

Samples: Stock Option Agreement (Sovereign Bancorp Inc)

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