Certain Tender or Exchange Offers. By the Board of Directors of Parent if a tender offer or exchange offer for 25% or more of the outstanding shares of the Company Common Stock is commenced (other than by Parent or a Subsidiary thereof), and the Board of Directors of the Company recommends that shareholders of the Company tender their shares in such tender offer or exchange offer or otherwise fails to recommend that such shareholders reject such tender offer or exchange offer within the 10 business day period specified in Rule 14e-2(a) under the Exchange Act.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me), Agreement and Plan of Merger (Northeast Pennsylvania Financial Corp), Agreement and Plan of Merger (KNBT Bancorp Inc)
Certain Tender or Exchange Offers. (i) By the Board of Directors of Parent if a tender offer or exchange offer for 25% or more of the outstanding shares of the Company Common Stock is commenced (other than by Parent or a Subsidiary thereof), and the Board of Directors of the Company recommends that shareholders of the Company tender their shares in such tender offer or exchange offer or otherwise fails to recommend that such shareholders reject such tender offer or exchange offer within the 10 business day period specified in Rule 14e-2(a) under the Exchange Act.
Appears in 2 contracts
Samples: Shareholder Agreement (Willow Grove Bancorp Inc/New), Shareholder Agreement (Chester Valley Bancorp Inc)
Certain Tender or Exchange Offers. By the Board of Directors of Parent if a tender offer --------------------------------- or exchange offer for 2520% or more of the outstanding shares of the Company Common Stock is commenced (other than by Parent or a Subsidiary thereof), and the Company Board of Directors of the Company recommends that the shareholders of the Company tender their shares in such tender offer or exchange offer or otherwise fails to recommend that such shareholders reject such tender offer or exchange offer within the 10 business day ten-Business Day period specified in Rule 14e-2(a) under the Exchange Act.
Appears in 1 contract
Samples: Shareholder Agreement (American Financial Holdings Inc)
Certain Tender or Exchange Offers. By the Board of Directors of Parent if a tender offer or exchange offer for 2510% or more of the outstanding shares of the Company Common Stock is commenced (other than by Parent or a Subsidiary thereof), and the Company Board of Directors of the Company recommends that the shareholders of the Company tender their shares in such tender offer or exchange offer or otherwise fails to recommend that such shareholders reject such tender offer or exchange offer within the 10 business day period specified in Rule 14e-2(a) under the Exchange Act.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Bancorp Connecticut Inc)
Certain Tender or Exchange Offers. By the Board of Directors of Parent if a tender offer or exchange offer for 25% or more of the outstanding shares of the Company Common Stock is commenced (other than by Parent or a Subsidiary thereof), and the Company Board of Directors of the Company recommends that shareholders of the Company tender their shares in such tender offer or exchange offer or otherwise fails to recommend that such shareholders reject such tender offer or exchange offer within the 10 ten (10) business day period specified in Rule 14e-2(a) under the Exchange Act.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me)
