NBT Board definition
Examples of NBT Board in a sentence
The minute books of NBT contain true, complete and accurate records, in all material respects, of all meetings and other corporate actions held or taken by shareholders of NBT and the NBT Board (including committees of the NBT Board).
Furthermore, the NBT Board has adopted, and NBT has implemented an anti-money laundering program that contains adequate and appropriate customer identification verification procedures that has not been deemed ineffective by any Governmental Authority and that meets the requirements of Sections 352 and 326 and all other applicable provisions of the USA PATRIOT Act and the regulations thereunder.
The NBT Board shall appoint the New Board Member to the board of directors of the Surviving Corporation in accordance with applicable laws and regulations and NBT’s Restated Certificate of Incorporation, as amended, and Amended and Restated Bylaws for a term to expire at the next annual meeting of the stockholders of NBT.
If the New Board Member is appointed at any time other than immediately following the NBT 2025 annual meeting of stockholders, the NBT Board shall nominate and recommend to NBT’s stockholders the New Board Member for election for a one-year term at NBT’s first annual stockholder meeting following the appointment of the New Board Member.
No Regulatory Approvals referred to in this Section 6.01(a) shall contain any condition, restriction or requirement which the NBT Board, on the one hand, or the E▇▇▇▇ Board, on the other hand, reasonably determines in good faith would, individually or in the aggregate, materially reduce the benefits of the Merger to such a degree that NBT, on the one hand, or E▇▇▇▇, on the other hand, would not have entered into this Agreement had such condition, restriction or requirement been known at the date hereof.
The NB&T Board has received the written opinion of Austin Associates, LLC, to the effect that, as of June 30, 2009, and subject to the assumptions and qualifications contained therein, that the consideration to be paid to the shareholders of CNC is fair to NB&T from a financial point of view.
This Agreement and the transactions contemplated hereby, including the Merger, have been authorized by all necessary corporate action of NB&T and the NB&T Board prior to the date hereof.
NB&T shall also establish an annual incentive payment based upon core deposit growth in the current market area of CNC Bank, the terms of which will be determined in the discretion of the NB&T Board before the Effective Time.
No Regulatory Approvals referred to in this Section 6.01(a) shall contain any condition, restriction or requirement which the NBT Board, on the one hand, or the ▇▇▇▇▇ Board, on the other hand, reasonably determines in good faith would, individually or in the aggregate, materially reduce the benefits of the Merger to such a degree that NBT, on the one hand, or ▇▇▇▇▇, on the other hand, would not have entered into this Agreement had such condition, restriction or requirement been known at the date hereof.