No Control of Acquired Corporation by Buyer. Notwithstanding any other provision hereof, until the Effective Date, the authority to establish and implement the business policies of Acquired Corporation shall continue to reside solely in Acquired Corporation’s officers and board of directors.
Appears in 5 contracts
Samples: Merger Agreement (Superior Bancorp), Merger Agreement (Community Bancshares Inc /De/), Merger Agreement (Kensington Bankshares Inc)
No Control of Acquired Corporation by Buyer. Notwithstanding any other provision hereof, until the Effective Date, the authority to establish and implement the business policies of Acquired Corporation shall continue to reside solely in Acquired Corporation’s 's officers and board of directors.
Appears in 1 contract
Samples: Merger Agreement (Banc Corp)
