Common use of Shareholder Rights; Stock Transfers Clause in Contracts

Shareholder Rights; Stock Transfers. At the Effective Time, holders of Company Common Stock shall cease to be and shall have no rights as shareholders of the Company, other than to receive the consideration provided under this Article II. After the Effective Time, there shall be no transfers on the stock transfer books of the Company or the Surviving Corporation of shares of Company Common Stock and if certificates evidencing such shares are presented for transfer after the Effective Time, they shall be cancelled against delivery of certificates for whole shares of Acquiror Common Stock (plus cash in lieu of any fractional share interest) as herein provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Usb Holding Co Inc), Agreement and Plan of Merger (Tappan Zee Financial Inc)

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Shareholder Rights; Stock Transfers. At Except as provided for in Section 2.5 hereof, at the Effective Time, holders of Company Common Stock shall cease to be and shall have no rights as shareholders of the Company, other than to receive the consideration provided under this Article II. After the Effective Time, there shall be no transfers on the stock transfer transfers books of the Company or the Surviving Corporation of shares of Company Common Stock and if certificates evidencing such shares are presented for transfer after the Effective Time, they shall be cancelled against delivery of certificates for whole shares of Acquiror Common Stock (plus cash in lieu of any fractional share interest) or cash (without interest) as herein provided.

Appears in 1 contract

Samples: Stock Option Agreement (First Financial Corp of Western Maryland)

Shareholder Rights; Stock Transfers. At the Effective Time, holders of Company Common Stock shall cease to be and shall have no rights as shareholders of the Company, other than to receive the consideration provided under this Article IISections 2.3 and 2.6 hereof. After the Effective Time, there shall be no transfers on the stock transfer transfers books of the Company or the Surviving Corporation of shares of Company Common Stock and if certificates evidencing such shares are presented for transfer after the Effective Time, they shall be cancelled against delivery of certificates for whole shares of Acquiror Holding Company Common Stock (plus cash in lieu of any fractional share interest) or cash (without interest) as herein provided.

Appears in 1 contract

Samples: Agreement and Plan of Merger (CFS Bancorp Inc)

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Shareholder Rights; Stock Transfers. At the Effective Time, holders of Company Common Stock shall cease to be and shall have no rights as shareholders of the Company, other than to receive the consideration provided under this Article IISection 2.3 hereof. After the Effective Time, there shall be no transfers on the stock transfer books of the Company or the Surviving Corporation of shares of Company Common Stock and if certificates evidencing such shares are presented for transfer after the Effective Time, they shall be cancelled against delivery of certificates for whole shares of Acquiror Holding Company Common Stock or cash (plus cash in lieu of any fractional share without interest) as herein provided.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Community Bancorp Inc /De/)

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