Common use of Communications to Employees; Training Clause in Contracts

Communications to Employees; Training. (a) Sellers and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers shall mutually agree, provided that representatives of Sellers shall be permitted to attend such meetings to announce Purchaser’s proposed acquisition of the Purchased Assets to the Branch Employees. Sellers and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Employees. Except as specifically provided in this Section 10.2, in no event shall Purchaser contact any Branch Employee without the prior written consent of Sellers, which consent shall not unreasonably be withheld or delayed.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Cib Marine Bancshares Inc), Purchase and Assumption Agreement (1st United Bancorp, Inc.)

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Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers Seller shall mutually agree, provided that representatives of Sellers Seller shall be permitted to attend such meetings meetings, to announce Purchaser’s proposed acquisition of the Purchased Assets Business to the Branch Bank Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Bank Employees. Except as specifically provided in this Section 10.29.2, in no event shall Purchaser contact any Branch Bank Employee without the prior written consent of SellersSeller, which consent shall may not be unreasonably be withheld or delayedwithheld, except for those Bank Employees designated in writing by Seller to handle certain transition issues.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement, Purchase and Assumption Agreement (Bar Harbor Bankshares)

Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers Seller shall mutually agree, provided that representatives of Sellers Seller shall be permitted to attend such meetings meetings, to announce Purchaser’s 's proposed acquisition of the Purchased Assets Business to the Branch Consumer Bank Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Consumer Bank Employees and Consumer Bank Related Employees. Except as specifically provided in this Section 10.2, in no event shall Purchaser contact any Branch Consumer Bank Employee or Consumer Bank Related Employee without the prior written consent of Sellers, Seller which consent shall not unreasonably may be granted or withheld or delayedin Seller's sole discretion.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Enterprise Bancorp Inc /Ma/)

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Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall may be held at the Branch on such location date as Purchaser and Sellers Seller shall mutually agree, provided that to allow a representatives of Sellers shall be permitted to attend such meetings Seller and Purchaser to announce Purchaser’s 's proposed acquisition of the Purchased Assets Business to the Branch Bank Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Bank Employees. Except as specifically provided in Section 10.1 and in this Section 10.2, in no event shall Purchaser contact any Branch Bank Employee without the prior written consent of SellersSeller, which consent shall may not be unreasonably be withheld or delayedexcept those Bank Employees designated in writing by Seller to handle certain transition issues.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bar Harbor Bankshares)

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