Liquidation Account. Neither the Merger or consummation of the Bank Plan of Merger shall require Sovereign, Bankers or any Subsidiary of either to distribute to depositors the liquidation account established by Bankers Savings in connection with its conversion from mutual to stock form;
Appears in 2 contracts
Samples: Agreement (Sovereign Bancorp Inc), Stock Option Agreement (Bankers Corp)
Liquidation Account. Neither the Merger or consummation of the Bank Plan of Merger shall require Sovereign, Bankers First Home or any Subsidiary of either to distribute to depositors the liquidation account established by Bankers First Home Savings in connection with its conversion from mutual to stock form;. ARTICLE VI
Appears in 1 contract
Samples: Annex a Agreement and Plan of Merger (Sovereign Bancorp Inc)
Liquidation Account. Neither the Merger or consummation of the Bank Plan of Merger shall require Sovereign, Bankers First Home or any Subsidiary of either to distribute to depositors the liquidation account established by Bankers First Home Savings in connection with its conversion from mutual to stock form;.
Appears in 1 contract
Liquidation Account. Neither the Merger or consummation of the ------------------- Bank Plan of Merger shall require Sovereign, Bankers Peoples or any Subsidiary of either to distribute to depositors the liquidation account established by Bankers Trenton Savings in connection with its conversion from mutual to stock form;.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Peoples Bancorp Inc /De/)
