Common use of Sole Rights, Etc Clause in Contracts

Sole Rights, Etc. On the Effective Date, the holders of certificates formerly representing Bank Common Stock outstanding on the Effective Date shall cease to have any rights with respect to the stock of the Bank, and their sole rights shall be with respect to the Holding Company Common Stock into which their shares of Bank Common Stock shall have been converted by the Merger.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Virginia Savings Bancorp), Agreement and Plan of Reorganization (Virginia Savings Bancorp, Inc.), Agreement and Plan of Reorganization (Virginia Savings Bancorp)

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