Controlled Shares. Shares of the corporation owned, directly or indirectly, by it and controlled, directly or indirectly, by the board of directors, as such, shall not be voted at any meeting and shall not be counted in determining the total number of outstanding shares for voting purposes at any given time.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Marlin Business Services Corp), Agreement and Plan of Merger (Blue Ridge Real Estate Co)
Controlled Shares. Shares of the this corporation owned, directly or indirectly, by it and controlled, directly or indirectly, by the board of directorsdirectors of this corporation, as such, shall not be voted at any meeting and shall not be counted in determining the total number of outstanding shares for voting purposes at any given time.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Public Service Enterprise Group Inc), Agreement and Plan of Merger (Exelon Corp)
