Common use of Directors and Officers of Bancorp Clause in Contracts

Directors and Officers of Bancorp. As of the Effective Time, the directors and officers of Bancorp shall be the directors and officers of Bancorp serving immediately prior the Effective Time, plus the current members of FMS’s Board appointed to Bancorp’s Board pursuant to Section 3.16.

Appears in 2 contracts

Samples: Merger Agreement (Beneficial Mutual Bancorp Inc), Merger Agreement (Beneficial Mutual Bancorp Inc)

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Directors and Officers of Bancorp. As of the Effective Time, the directors and officers of Bancorp shall be the directors and officers of Bancorp as approved in connection with the Reorganization and serving immediately prior the Effective Time, plus the current members of FMSCSFC’s Board appointed to Bancorp’s Board pursuant to Section 3.16.

Appears in 1 contract

Samples: Merger Agreement (LaPorte Bancorp, Inc.)

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Directors and Officers of Bancorp. As of the Effective Time, the directors and officers of Bancorp shall be the directors and officers of Bancorp serving immediately prior the Effective Time, plus the current members of FMS’s 's Board appointed to Bancorp’s 's Board pursuant to Section 3.16.

Appears in 1 contract

Samples: Merger Agreement (FMS Financial Corp)

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