Common use of Manner of Converting Shares Clause in Contracts

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, and no consideration shall be issued in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (First Mid Bancshares, Inc.), Agreement and Plan of Merger (First Mid Bancshares, Inc.)

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Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank Investors common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, and no consideration shall be issued in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (County Bancorp, Inc.), Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank common stock First National Common Stock issued and outstanding immediately prior to the Effective Date of the Merger shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Buckhead Community Bancorp Inc), Agreement and Plan of Reorganization (WGNB Corp)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Charter Bank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank mBank common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank Choice common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

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Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank Commerce common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nicolet Bankshares Inc)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank common stock Union Common Stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Baylake Corp)

Manner of Converting Shares. (a) By virtue of the Bank Merger, automatically and without any action on the part of the holder thereof, each of the shares of Bank FNB common stock issued and outstanding immediately prior to the Effective Date shall be cancelled and retired at the Effective Date, Date and no consideration shall be issued in exchange therefor.

Appears in 1 contract

Samples: Plan of Merger (Nicolet Bankshares Inc)

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