Common use of Change in the Effective Control Clause in Contracts

Change in the Effective Control. A change in the effective control of the Bank or the Corporation will occur when: (i) any person or group (as defined in subsection 10(a)(3)(i)) acquires, or has acquired during the 12-month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the Corporation possessing 30 percent or more of the total voting power; or (ii) a majority of members of the board of the Bank or the Corporation is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Bank’s or Corporation’s board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or Corporation, the acquisition of additional control of the Bank or Corporation by the same person(s) is not considered to cause a change in the effective control.

Change in the Effective Control. A change in the effective control of the Bank or the Corporation will occur when: (iA) any person or group (as defined provided for in subsection 10(a)(3)(i10(a)(ii)(1)) acquires, or has acquired during the twelve (12-) month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the Corporation possessing 30 thirty (30) percent or more of the total voting power; or (iiB) a majority of members of the board of the Bank or the Corporation is replaced during any twelve (12-) month period by directors whose appointment or election is not endorsed by a majority of the members of the Bank’s or Corporation’s board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or Corporation, the acquisition of additional control of the Bank or Corporation by the same person(s) is not considered to cause a change in the effective control.

Change in the Effective Control. A change in the effective control of the Bank or the Corporation Parent will occur when: (i) any person or group (as defined in subsection 10(a)(3)(i)) acquires, or has acquired during the 12-month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the Corporation Parent possessing 30 percent or more of the total voting power; or (ii) a majority of members of the board of the Bank or the Corporation Parent is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Bank’s or CorporationParent’s board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or CorporationParent, the acquisition of additional control of the Bank or Corporation Parent by the same person(s) is not considered to cause a change in the effective control.

Change in the Effective Control. A change in the effective control of the Bank or the First Financial Corporation will occur when: (i) any person or group (as defined in subsection 10(a)(3)(i10(a)(4)(i)) acquires, or has acquired during the 12-month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the First Financial Corporation possessing 30 percent or more of the total voting power; or (ii) a majority of members of the board of the Bank or the Corporation Board is replaced during any 12-month period by directors Directors whose appointment or election is not endorsed by a majority of the members of the Bank’s or First Financial Corporation’s board Board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or First Financial Corporation, the acquisition of additional control of the Bank or First Financial Corporation by the same person(s) is not considered to cause a change in the effective control.

Change in the Effective Control. A change in the effective control of the Bank or the First Financial Corporation will occur when: (i) any person or group (as defined in subsection 10(a)(3)(i)) acquires, or has acquired during the 12twelve-month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the First Financial Corporation possessing 30 35 percent or more of the total voting power; or (ii) a majority of members of the board of the Bank or the Corporation Board is replaced during any 12twelve-month period by directors Directors whose appointment or election is not endorsed by a majority of the members of the Bank’s 's or First Financial Corporation’s board 's Board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or First Financial Corporation, the acquisition of additional control of the Bank or First Financial Corporation by the same person(s) is not considered to cause a change in the effective control.

Change in the Effective Control. A change in the effective control of the Bank or the Corporation will occur when: (i) any person or group (as defined in subsection 10(a)(3)(i)) acquires, or has acquired during the 12-month period ending on the date of the most recent acquisition by such person(s), ownership of stock of the Bank or the Corporation possessing 30 percent or more of the total voting power; or (ii) a majority of members of the board of the Bank or the Corporation is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Bank’s 's or Corporation’s 's board prior to the date of the appointment or election. However, if any person or group is considered to effectively control the Bank or Corporation, the acquisition of additional control of the Bank or Corporation by the same person(s) is not considered to cause a change in the effective control.