Deferred Stock Units. ONB and TFC shall take all requisite action so that, at the Effective Time, each of the deferred stock units issued and still outstanding under the 2006 Equity Incentive Plan (consisting 5,133 units) shall receive cash in the amount equal to the closing price of a share of TFC Common Stock on the trading day immediately preceding the Closing.
Appears in 2 contracts
Sources: Merger Agreement (Tower Financial Corp), Merger Agreement (Old National Bancorp /In/)