Common use of Merger Clause in Contracts

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 96 contracts

Sources: Change in Control Agreement (BV Financial, Inc.), Employment Agreement (Kentucky First Federal Bancorp), Employment Agreement (Kentucky First Federal Bancorp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 79 contracts

Sources: Employment Agreement (Lake Shore Bancorp, Inc.), Employment Agreement (Lake Shore Bancorp, Inc. /MD/), Employment Agreement (Lake Shore Bancorp, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 48 contracts

Sources: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (EWSB Bancorp, Inc. /MD/)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.

Appears in 34 contracts

Sources: Change in Control Agreement (Clifton Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.), Employment Agreement (Beneficial Bancorp Inc.)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 33 contracts

Sources: Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (Sugar Creek Financial Corp./Md/), Employment Agreement (First Advantage Bancorp)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Bank or the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders shareholders of the Bank or the Company immediately before the merger or consolidation.

Appears in 25 contracts

Sources: Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc), Employment Agreement (Fox Chase Bancorp Inc)

Merger. The Company merges into into, or consolidates with with, another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 17 contracts

Sources: Executive Change in Control Agreement (Cape Bancorp, Inc.), Executive Change in Control Agreement (Cape Bancorp, Inc.), Executive Change in Control Agreement (Cape Bancorp, Inc.)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Bank or the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders shareholders of the Bank or the Company immediately before the merger or consolidation.;

Appears in 15 contracts

Sources: Change in Control Agreement (Fox Chase Bancorp Inc), Change in Control Agreement (Fox Chase Bancorp Inc), Change in Control Agreement (Fox Chase Bancorp Inc)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 13 contracts

Sources: Change in Control Agreement (Howard Bancorp Inc), Change in Control Agreement (Standard Financial Corp.), Change in Control Agreement (Clifton Bancorp Inc.)

Merger. The Company Employer or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the CompanyBank or the Employer, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Employer or the Bank immediately before the merger or consolidation.;

Appears in 13 contracts

Sources: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, persons who were stockholders of the Company immediately before the merger or consolidation hold less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 11 contracts

Sources: Employment Agreement, Employment Agreement (BV Financial, Inc.), Employment Agreement (BV Financial, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 10 contracts

Sources: Change in Control Agreement (PB Bancorp, Inc.), Change in Control Agreement (PB Bancorp, Inc.), Employment Agreement (Bancorp 34, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 10 contracts

Sources: Change in Control Agreement (New England Bancshares, Inc.), Change in Control Agreement (Liberty Bancorp Inc), Change in Control Agreement (Liberty Bancorp Inc)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.

Appears in 8 contracts

Sources: Change in Control Agreement (Hometown Bancorp,Inc.), Change in Control Agreement (Hometown Bancorp,Inc.), Change in Control Agreement (Hometown Bancorp,Inc.)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 7 contracts

Sources: Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation., provided, however, that a second-step conversion of the Company’s mutual holding company is specifically excluded from consideration as a Change in Control under this definition;

Appears in 7 contracts

Sources: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

Merger. The Company or the Association merges into or consolidates with another corporationentity, or merges another Association or corporation into the Association or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Association immediately before the merger or consolidation.;

Appears in 5 contracts

Sources: Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Eureka Homestead Bancorp, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation., provided, however, that a second step conversion of the Company’s mutual holding company is specifically excluded from consideration as a Change in Control under this definition;

Appears in 5 contracts

Sources: Change in Control Agreement (Georgetown Bancorp, Inc.), Employment Agreement (Georgetown Bancorp, Inc.), Change in Control Agreement (Georgetown Bancorp, Inc.)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 5 contracts

Sources: Change in Control Severance Agreement (FedFirst Financial Corp), Employment Agreement (FedFirst Financial CORP), Change in Control Severance Agreement (FedFirst Financial Corp)

Merger. The Company or Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyCompany or Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or Bank immediately before the merger or consolidation.;

Appears in 5 contracts

Sources: Two Year Employment Agreement (Standard Financial Corp.), Three Year Employment Agreement (Standard Financial Corp.), Two Year Employment Agreement (Standard Financial Corp.)

Merger. The Holding Company merges into or consolidates with another corporationentity, or merges another corporation entity into the CompanyHolding Company and, and as a result result, less than a majority of the combined voting power of the resulting corporation entity or, if applicable, the ultimate parent thereof, immediately after the merger or consolidation is held by persons who were stockholders of the Holding Company immediately before the merger or consolidation.;

Appears in 4 contracts

Sources: Employment Agreement (Coastal Financial Corp), Employment Agreement (Coastal Financial Corp), Employment Agreement (Coastal Financial Corp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 4 contracts

Sources: Employment Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Chicopee Bancorp, Inc.), Three Year Employment Agreement (Chicopee Bancorp, Inc.)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank or Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.;

Appears in 4 contracts

Sources: Salary Continuation Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp)

Merger. The Company or the Association merges into or consolidates with another corporationentity, or merges another bank or corporation into the Association or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Association immediately before the merger or consolidation.;

Appears in 4 contracts

Sources: Employment Agreement (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.), Employment Agreement (Best Hometown Bancorp, Inc.)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and and, as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 3 contracts

Sources: Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp), Salary Continuation Agreement (Delhi Bank Corp)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank or Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.; (ii)

Appears in 3 contracts

Sources: Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp), Employment Agreement (First Northern Community Bancorp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.; is specifically excluded from consideration as a Change in Control under this definition;

Appears in 3 contracts

Sources: Change in Control Agreement (Hamilton Bancorp, Inc.), Change in Control Agreement (Hamilton Bancorp, Inc.), Change in Control Agreement (Hamilton Bancorp, Inc.)

Merger. The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 3 contracts

Sources: Change in Control Agreement (Chicopee Bancorp, Inc.), Employment Agreement (Jefferson Bancshares Inc), Employment Agreement (Equitable Financial Corp)

Merger. The Company Employer merges into or consolidates with another corporationentity, or merges another corporation into the CompanyEmployer, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Employer immediately before the merger or consolidation.;

Appears in 2 contracts

Sources: Non Solicitation and Confidentiality Agreement, Non Solicitation and Confidentiality Agreement (Pulaski Financial Corp)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank of Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.;

Appears in 2 contracts

Sources: Change of Control Agreement (First Northern Community Bancorp), Change of Control Agreement (First Northern Community Bancorp)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another Company or corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Bank or the Company immediately before the merger or consolidation.;

Appears in 2 contracts

Sources: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders members of the Company immediately before the merger or consolidation.;

Appears in 2 contracts

Sources: Supplemental Director Retirement Agreement (Newport Bancorp Inc), Supplemental Executive Retirement Agreement (Newport Bancorp Inc)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.; or

Appears in 2 contracts

Sources: Change of Control Agreement (Long Island Financial Corp), Change of Control Agreement (Long Island Financial Corp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another corporation entity into the CompanyCompany and, and as a result result, less than a majority of the combined voting power of the resulting corporation entity or, if applicable, the ultimate parent thereof, immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 2 contracts

Sources: Change in Control Severance Agreement (Coastal Financial Corp), Change in Control Severance Agreement (Coastal Financial Corp)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the CompanyCompany or the Bank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation., provided, however, that a second step conversion of the Company’s mutual holding company is specifically excluded from consideration as a Change in Control under this definition;

Appears in 2 contracts

Sources: Employment Agreement (Georgetown Bancorp, Inc.), Employment Agreement (Georgetown Bancorp, Inc.)

Merger. The Company Corporation merges into or consolidates with another corporation, or merges another corporation into the CompanyCorporation, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Corporation immediately before the merger or consolidation.; or

Appears in 1 contract

Sources: Change in Control Agreement (Provident Bankshares Corp)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Merger. The Company merges into or ------ consolidates with another corporation, or merges another corporation into the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Sources: Employment Agreement (FedFirst Financial CORP)

Merger. The Company merges into or consolidates with another corporation, entity or merges another corporation entity into the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders members of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Supplemental Director Retirement Agreement (Newport Bancorp Inc)

Merger. The Company merges A merger into or consolidates consolidation with another corporation, or merges merger of another corporation into the CompanyBank of Bancorp, and as a result less than a majority 50% of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank or Bancorp immediately before the merger or consolidation.

Appears in 1 contract

Sources: Change of Control Agreement (First Northern Community Bancorp)

Merger. The Company Bank merges into or consolidates with another corporationentity, or merges another corporation into the CompanyBank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Employment Agreement (Delanco Bancorp, Inc)

Merger. The the Company merges into or consolidates with another corporation, or merges another corporation into the Company, Company and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Employment Agreement (Yardville National Bancorp)

Merger. The Company merges into or consolidates with another corporationentity, or merges another bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company or the Bank immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Change in Control Agreement (Bancorp 34, Inc.)

Merger. The Company Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyBank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank immediately before the merger or consolidation.

Appears in 1 contract

Sources: Director Retirement Agreement (SI Financial Group, Inc.)

Merger. The Company or the Bank merges into or consolidates with another corporation, or merges another corporation into the CompanyCompany or the Bank, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Change in Control Agreement (Profile Bancorp Inc)

Merger. The Company merges into or consolidates with ------ another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Sources: Merger Agreement (Frankfort First Bancorp Inc)

Merger. The Company or the Bank merges into or consolidates with another corporationentity, or merges another Bank or corporation into the Bank or the Company, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.

Appears in 1 contract

Sources: Employment Agreement (FFBW, Inc. /MD/)

Merger. The Company Bank merges into or consolidates with another corporationentity, or merges another bank or corporation into the CompanyBank, and as a result result, less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Bank immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Employment Agreement (Community Savings Bancorp, Inc.)

Merger. The Bank or the Company merges into or consolidates with another corporationentity, or merges another corporation entity into the Bank or the Company, and as a result less than a majority of the combined voting power of the resulting corporation entity immediately after the merger or consolidation is held by persons who were stockholders members of the Bank or the Company immediately before the merger or consolidation.;

Appears in 1 contract

Sources: Employment Agreement (Newport Bancorp Inc)

Merger. The Company Corporation merges into or consolidates with ------ another corporation, or merges another corporation into the CompanyCorporation, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company Corporation immediately before the merger or consolidation.; or

Appears in 1 contract

Sources: Change in Control Agreement (Provident Bankshares Corp)