Common use of Effect on Shares of Stock Clause in Contracts

Effect on Shares of Stock. (a) Each share of Farmers Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding and shall consist of $[•] in capital, divided into [•] shares of common stock, each of $5.00, and at the Effective Time Farmers Bank shall have a surplus of $[•] and undivided profits, including capital reserves, of $[•], which when combined with the capital and surplus will be equal to the combined capital structures of Farmers Bank and Emlenton Bank as stated in the recitals of this Agreement, adjusted however, for normal earning and expense (and if applicable purchase accounting adjustments) from [•], 2022 until the Effective Time.

Effect on Shares of Stock. (a) Each share of Farmers Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding and shall consist of $[•] in capital[ ], divided into [•] 542,339 shares of common stock, each of $5.00, and at the Effective Time Time, Farmers Bank shall have a surplus of $[•] [ ], and undivided profits, including capital reserves, of $[•], which when combined with the capital and surplus will be equal to the combined capital structures of Farmers Xxxxxx Bank and Emlenton Monitor Bank as stated in the recitals of this Agreement, adjusted however, for normal earning and expense (and if applicable purchase accounting adjustments) from [•[ ], 2022 2017 until the Effective Time.

Effect on Shares of Stock. (a) Each share of Farmers Bank common stock issued and outstanding immediately prior to the Effective Time shall be unchanged and shall remain issued and outstanding and shall consist of $[•] in capital_________], divided into [•] 542,339 shares of common stock, each of $5.00, and at the Effective Time Time, Farmers Bank shall have a surplus of $[•] __________], and undivided profits, including capital reserves, of $[•], which when combined with the capital and surplus will be equal to the combined capital structures of Farmers Xxxxxx Bank and Emlenton Bank Geauga Savings as stated in the recitals of this Agreement, adjusted however, for normal earning and expense (and if applicable purchase accounting adjustments) from [•________], 2022 2019 until the Effective Time.