Common use of EFFECTIVE DATE OF PLAN Clause in Contracts

EFFECTIVE DATE OF PLAN. The Plan will become effective upon the approval of the Plan by the shareholders of the Corporation and receipt of any necessary regulatory approvals.

EFFECTIVE DATE OF PLAN. The Plan will become shall be effective upon the approval of the Plan by the shareholders Board of Directors of the Corporation and receipt of any necessary regulatory approvals(the "Effective Date").

EFFECTIVE DATE OF PLAN. The Plan will become effective upon has been adopted by the Board of the Company subject to the approval of the Plan by Exchange and, if so approved, subject to the shareholders discretion of the Corporation and receipt of any necessary regulatory approvalsBoard, the Plan shall become effective upon such approvals being obtained (such date being the “Effective Date”).

EFFECTIVE DATE OF PLAN. The Plan will become effective upon the ---------------------- approval of the Plan by a majority of the shareholders of the Corporation as required by regulations of the FDIC and the receipt of any all necessary regulatory approvals.