Common use of Interim Shares Clause in Contracts

Interim Shares. Each outstanding share of common stock of Interim, $.01 par value per share ("Interim Common Stock"), on the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of shares of the Surviving Corporation, which shall constitute all of the outstanding common stock of the Surviving Corporation.

Appears in 11 contracts

Samples: Agreement and Plan of Reorganization (Laurel Capital Group Inc), Agreement and Plan of Reorganization (Pboc Holdings Inc), Agreement and Plan of Merger (Approved Financial Corp)

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Interim Shares. Each outstanding share of common stock of Interim, $.01 par value per share ("β€œInterim Common Stock"”), on the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of shares of the Surviving Corporation, which shall constitute all of the outstanding common stock of the Surviving Corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Community Bancorp Inc /Md/)

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