Common use of Outstanding Parent Sub Common Stock Clause in Contracts

Outstanding Parent Sub Common Stock. Each share of Parent Sub common stock issued and outstanding immediately prior to the Effective Time shall be converted into and become one share of Company Common Stock.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Banknorth Group Inc/Me), Agreement and Plan of Merger (Bancorp Connecticut Inc), Shareholder Agreement (Banknorth Group Inc/Me)

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Outstanding Parent Sub Common Stock. Each share of Parent Sub common stock issued and outstanding immediately prior to the Effective Time shall be converted into and become one share of Converted Company Common Stock.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Banknorth Group Inc/Me), Shareholder Agreement (Banknorth Group Inc/Me)

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