Rights as Shareholders; Stock Transfers. At the Effective Time, holders of CBTC Common Stock shall cease to be, and shall have no rights as, shareholders of CBTC, other than to receive the Merger Consideration (if so provided in Section 4.01(a)) and any dividend or other distribution with respect to such CBTC Common Stock with a record date occurring prior to the Effective Time, and the consideration provided under this Article IV. After the Effective Time, there shall be no transfers on the stock transfer books of CBTC or the Surviving Entity of shares of CBTC Common Stock.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (United Bankshares Inc/Wv), Agreement and Plan of Reorganization (Community Bankers Trust Corp), Agreement and Plan of Reorganization (United Bankshares Inc/Wv)
Rights as Shareholders; Stock Transfers. At the Effective Time, holders of CBTC CBNK Common Stock shall cease to be, and shall have no rights as, shareholders of CBTC, CBNK other than the right to receive the Merger Consideration (if so provided in Section 4.01(a)) and any dividend or other distribution with respect to such CBTC Common Stock with a record date occurring prior to the Effective Time, and the consideration provided under this Article IVII. After Upon and after the Effective Time, there shall be no transfers on the stock transfer books of CBTC or the Surviving Entity CBNK of shares of CBTC CBNK Common Stock.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Chicopee Bancorp, Inc.), Settlement Agreement (Westfield Financial Inc)
