Cancellation of SNB Stock. At the Effective Time, all outstanding shares of SNB Stock shall be cancelled, and no cash or other consideration shall be issued in exchange for or with respect to those shares.
Appears in 2 contracts
Samples: Merger Agreement, Agreement and Plan of Reorganization and Merger (Summit Financial Corp)
Cancellation of SNB Stock. At the Effective Time, all outstanding shares of SNB’s $5.00 par value common stock (“SNB Stock Stock”) shall be cancelled, and no cash or other consideration shall be issued in exchange for or with respect to those shares.
Appears in 2 contracts
Samples: Merger Agreement, Agreement and Plan of Reorganization and Merger (Summit Financial Corp)
