Transfer of Deposit Accounts. Each Person holding a Deposit Account at the Bank at the time of the Conversion shall retain an identical Deposit Account at the Bank following the Conversion in the same amount (as adjusted to give effect to any withdrawal made for the purchase of Conversion Stock) and subject to the same terms and conditions (except as to voting and liquidation rights).
Appears in 2 contracts
Sources: Agreement and Plan of Conversion and Reorganization (People's United Financial, Inc.), Agreement and Plan of Conversion and Reorganization (People's United Financial, Inc.)
Transfer of Deposit Accounts. Each Person person holding a Deposit Account at the Bank at the time of the Conversion shall retain an identical Deposit Account at the Bank following the Conversion in the same amount (as adjusted to give effect to any withdrawal made for the purchase of Conversion Stock) and subject to the same terms and conditions (except as to voting and liquidation rights).
Appears in 1 contract
Sources: Merger Agreement (Partners Trust Financial Group Inc)