Common use of Capacity Only as a Stockholder Clause in Contracts

Capacity Only as a Stockholder. This Agreement relates solely to the capacity of each Stockholder as a stockholder or other beneficial owner of the Shares and shall not affect or prevent the exercise by such Stockholder of his responsibilities as a director or officer of FMB. The term “Shares” shall not include any securities beneficially owned by the Stockholder as a trustee or fiduciary, and this Agreement is not in any way intended to affect the exercise by the Stockholder of its or his fiduciary responsibility in respect of any such securities.

Appears in 2 contracts

Samples: Affiliate Agreement (Union First Market Bankshares Corp), Affiliate Agreement (Union Bankshares Corp)

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Capacity Only as a Stockholder. This Agreement relates solely to the capacity of each such Stockholder as a stockholder or other beneficial owner of the Shares or Option Shares and shall is not in any way intended to affect or prevent the exercise by such Stockholder of his responsibilities as a director or officer of FMBCommunity First. The term “Shares” shall not include any securities beneficially owned by the Stockholder as a trustee or fiduciary, and that this Agreement is not in any way intended to affect the exercise by the Stockholder of its or his fiduciary responsibility in respect of any such securities.

Appears in 1 contract

Samples: Merger Agreement (American National Bankshares Inc)

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Capacity Only as a Stockholder. This It is understood and agreed that this Agreement relates solely to the capacity of each such Stockholder as a stockholder or other beneficial owner of the Shares or Option Shares and shall is not in any way intended to affect or prevent the exercise by such Stockholder of his responsibilities as a director or officer of FMBProsperity. The It is further understood and agreed that the term “Shares” shall not include any securities beneficially owned by the Stockholder as a trustee or fiduciary, and that this Agreement is not in any way intended to affect the exercise by the Stockholder of its or his fiduciary responsibility in respect of any such securities.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Union Bankshares Corp)

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