Elect to exchange Sample Clauses
Elect to exchange. A PORTION of your shares of CNB common stock for cash. You may select this option, indicating that you want to receive $25.00 in cash, without interest, in exchange for A PORTION of your shares of CNB common stock, subject to the proration provisions of the Merger Agreement. If you 3 select this option, you must indicate in the space provided on the Election Form and Letter of Transmittal the number of shares of CNB common stock in exchange for which you are electing to receive cash. You will be deemed to have made a “non-election” with respect to your remaining shares of CNB common stock, and those remaining shares of CNB common stock will be converted into the right to receive shares of Bancorp common stock, subject to the proration provisions of the Merger Agreement. If you select this option but you do not indicate the number of shares of CNB common stock in exchange for which you are electing to receive cash, we will assume you want to exchange ALL of your shares for cash.
Elect to exchange. A PORTION of your shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock for cash. You may select this option, indicating that you want to receive $23.50 in cash, without interest, in exchange for A PORTION of your shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock, subject to the proration provisions of the Merger Agreement. If you select this option, you must indicate in the space provided on the Election Form and Letter of Transmittal the number of shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock in exchange for which you are electing to receive cash. You will be deemed to have made a "non-election" with respect to your remaining shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock, and those remaining shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock will be converted into the right to receive shares of Bankshares common stock, subject to the proration provisions of the Merger Agreement. If you select this option but you do not indicate the number of shares of ▇▇▇▇▇ ▇▇▇▇▇▇ common stock in exchange for which you are electing to receive cash, we will assume you want to exchange ALL of your shares for cash.