Common use of Transfer Restrictions Prior to Merger Consummation Clause in Contracts

Transfer Restrictions Prior to Merger Consummation. During the period beginning on the date hereof and ending 30 days prior to the consummation of the Merger, I shall not sell, transfer or otherwise dispose of ("transfer") any Valley Common Stock owned by me, and I shall not permit any relative who shares my home, or any person or entity whom or which I control, from transferring any Valley Common Stock owned by such person or entity, without notifying Valley in advance of the proposed transfer and giving Valley a reasonable opportunity to object to the transfer before it is consummated. Valley, upon advice of its independent public accountants, may instruct me not to make or permit the transfer because it may interfere with the "pooling of interests" treatment of the Merger. I shall abide by any such instructions.

Transfer Restrictions Prior to Merger Consummation. During the period beginning on the date hereof and ending 30 days prior to the consummation of the Merger, I shall not sell, transfer or otherwise dispose of ("transfer") any Valley Merchants Common Stock owned by me, and I shall not permit any relative who shares my home, or any person or entity whom or which I control, from transferring any Valley Merchants Common Stock owned by such person or entity, without notifying Valley in advance of the proposed transfer and giving Valley a reasonable opportunity to object to the transfer before it is consummated. Valley, upon advice of its independent public accountants, may instruct me not to make or permit the transfer because it may interfere with the "pooling of interests" treatment of the Merger. I shall abide by any such instructions.

Transfer Restrictions Prior to Merger Consummation. During the period beginning on the date hereof and ending 30 days prior to the consummation of the Merger, I shall not sell, transfer or otherwise dispose of ("transfer") any Valley Common Stock owned by me, and I shall not permit any relative who shares my home, or any person or entity whom who or which I control, from transferring any Valley Common Stock owned by such person or entity, without notifying Valley in advance of the proposed transfer and giving Valley a reasonable opportunity to object to the transfer before it is consummated. Valley, upon advice of its independent public accountants, may instruct me not to make or permit the transfer because it may interfere with the "pooling of interests" treatment of the Merger. I shall abide by any such instructions.

Transfer Restrictions Prior to Merger Consummation. During the period beginning on the date hereof and ending 30 days prior to the consummation of the Merger, I shall not sell, transfer or otherwise dispose of ("transfer") any Valley Ramapo Common Stock owned by me, and I shall not permit any relative who shares my home, or any person or entity whom or which I control, from transferring any Valley Ramapo Common Stock owned by such person or entity, without notifying Valley in advance of the proposed transfer and giving Valley a reasonable opportunity to object to the transfer before it is consummated. Valley, upon advice of its independent public accountants, may instruct me not to make or permit the transfer because it may interfere with the "pooling of interests" treatment of the Merger. I shall abide by any such instructions.

Transfer Restrictions Prior to Merger Consummation. During the period beginning on the date hereof and ending 30 days prior to the consummation of the Merger, I shall not sell, transfer or otherwise dispose of ("transfer") any Valley Wayne Common Stock owned by me, and I shall not permit any relative who shares my home, or any person or entity whom who or which I control, from transferring any Valley Wayne Common Stock owned by such person or entity, without notifying Valley in advance of the proposed transfer and giving Valley a reasonable opportunity to object to the transfer before it is consummated. Valley, upon advice of its independent public accountants, may instruct me not to make or permit the transfer because it may interfere with the "pooling of interests" treatment of the Merger. I shall abide by any such instructions.