Common use of Short-Swing Trading Exemption Clause in Contracts

Short-Swing Trading Exemption. Prior to the Closing Date, the Board of Directors of MainSource shall adopt such resolutions as necessary to cause any shares of MainSource Common Stock to be received by executive officers and directors of 1st Independence as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended.

Appears in 2 contracts

Samples: Plan of Merger (Mainsource Financial Group), Agreement and Plan of Merger (1st Independence Financial Group, Inc.)

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Short-Swing Trading Exemption. Prior to the Closing Effective Date, the Board board of Directors directors of MainSource shall adopt such resolutions as necessary to cause any shares of MainSource Common Stock to be received by executive officers and directors of 1st Independence POHF as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Peoples Ohio Financial Corp)

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Short-Swing Trading Exemption. Prior to the Closing Effective Date, the Board board of Directors directors of MainSource shall adopt such resolutions as necessary to cause any shares of MainSource Common Stock to be received by executive officers and directors of 1st Independence UCBC as part of the Merger Consideration to qualify for the exemptions provided in Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Union Community Bancorp)

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