Bank Employees. (1) No later than the Closing Date, Purchaser shall extend offers of employment to all Bank Employees, whether such Bank Employee is actively at work or on leave of absence, disability or medical leave (each a “Prospective Purchaser Employee”). Each offer of employment to a Prospective Purchaser Employee shall be for a Comparable Job for such employee as of the execution of this Agreement, and shall be subject to any conditions normally included by Seller in its offers of employment. Notwithstanding the foregoing, Purchaser shall have no obligation hereunder to retain any Transferred Employees for any period of time following the Closing and may terminate any such employees following the Closing subject to Section 8.4(b)(7) hereof.
Bank Employees. (a) At and following the Effective Time, Eagle shall honor, and Eagle shall be obligated to perform, in accordance with their terms, the contractual rights of current and former employees of Alliance and Alliance Bank existing as of the Effective Time, including any severance, employment or “change in control” agreements of Alliance set forth in Section 4.15(b) of the Alliance Disclosure Schedule, in each case as the same may be modified or terminated in accordance with the applicable terms thereof. The severance, change in control, termination or similar payments which are payable pursuant to such agreements, plans or policies of Alliance (which have been quantified in reasonable detail as of the date hereof) are set forth in Section 4.15(b) of the Alliance Disclosure Schedule.
Bank Employees. The number of employees of the Bank as of the Closing shall not be less than 75% of the number of employees as of the date of this Agreement; for the avoidance of doubt, the Bank employees as of the Closing do not need to be the same persons as were employees as of the date hereof, provided that any person hired by the Bank as a Bank employee subsequent to the date
Bank Employees. The number of employees of the Bank as of the Closing shall not be less than 75% of the number of employees as of the date of this Agreement and shall include Xxxxxxxx XxXxx; for the avoidance of doubt, the other Bank employees as of the Closing do not need to be the same persons as were employees as of the date hereof, provided that any person hired by the Bank as a Bank employee subsequent to the date hereof shall be reasonably qualified, based upon, among other considerations, such person’s experience, expertise, credentials and qualifications to perform the job functions of the position at the Bank for which such person is hired. Purchaser shall have entered into an employment agreement with Xxxxxxxx XxXxx, with such agreement effective upon and subject to the Closing. (l)
Bank Employees. (a) At and following the Effective Time, Eagle and Holdings shall honor, and Eagle shall be obligated to perform, in accordance with their terms, the contractual rights of current and former employees of Fidelity existing as of the Effective Time, including any severance, employment or “change-in-control” agreements of Fidelity set forth in Section 6.10 of the Fidelity Disclosure Schedule, in each case as the same may be modified or terminated in accordance with the applicable terms thereof. The severance or termination payments which are payable pursuant to such agreements, plans or policies of Fidelity (which have been quantified in reasonable detail as of the date hereof) are set forth in Section 6.10 of the Fidelity Disclosure Schedule.
Bank Employees. (a) Subject to the terms of employment and/or consulting agreements in effect as of the date hereof and which have been disclosed to SNB on the Schedules hereto, and subject to SNB’s determination, in its discretion, to offer continued employment to non-executive officer or executive officer employees of KBank on a case by case basis, SNB shall have no obligation to continue the employment of any KBank employee after the Effective Time. Not in limitation of the foregoing, it is the current intention of SNB to offer employees of KBank continued employment, subject to satisfactory review of employee records.
Bank Employees. (a) Subject to FVCB’s determination, in its discretion, to offer continued employment to non-executive officer employees of Colombo on a case by case basis, FVCB and FVCbank shall have no obligation to continue the employment of any Colombo employee after the Effective Time. Each of FVCB and FVCbank agrees that each Colombo employee (excluding any employee subject to an employment agreement, change in control agreement, severance agreement or other agreement which provides for payments following involuntary termination without cause or termination for “good reason”) who is involuntarily terminated without cause within 180 days following the Effective Time shall, subject to any necessary regulatory approvals, and subject to the execution of an appropriate release, receive a severance payment of two weeks of pay for every full year of service to Colombo, with a minimum of four weeks pay and a maximum of twenty six weeks (without proration for partial years of service), except that the persons identified in Section 6.9 of the Colombo Disclosure Schedule shall be entitled to receive a maximum of thirty four weeks. Section 6.9 of the Colombo Disclosure Schedule contains a list of all current employees of Colombo and their start dates upon which their respective lengths of service will be based.
Bank Employees. (a) At and following the Effective Time, WFBI shall honor, and WFBI shall be obligated to perform, in accordance with their terms, the contractual rights of current and former employees of Alliance and Alliance Bank existing as of the Effective Time, including any severance, employment or “change in control” agreements of Alliance set forth in Section 4.15(b) of the Alliance Disclosure Schedule, in each case as the same may be modified or terminated in accordance with the applicable terms thereof. The severance, change in control, termination or similar payments which are payable pursuant to such agreements, plans or policies of Alliance (which have been quantified in reasonable detail as of the date hereof) are set forth in Section 4.15(b) of the Alliance Disclosure Schedule.
Bank Employees. 4 3.2 Cooperation................................................ 4 3.3
Bank Employees. Maintain a staff of necessary employees to -------------- underwrite and fund IPF Loans under the Program;
