Common use of Communications to Employees; Training Clause in Contracts

Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Seller shall mutually agree, provided that one or more representatives of Seller or its Affiliates shall be permitted to attend such meetings, to announce Purchaser’s proposed acquisition of the Business to the Employees. Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Employees. Except as specifically provided in this Section 10.2(a), in no event prior to the Closing shall Purchaser contact any Employee without the prior written consent of Seller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bank System Inc)

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Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Seller shall mutually agree, provided that one or more representatives of Seller or its Affiliates shall be permitted to attend such meetings, to announce Purchaser’s 's proposed acquisition of the Business Purchased Assets to the Branch Employees. Seller 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(a)10.2, in no event prior to the Closing shall Purchaser contact any Branch Employee without the prior written express consent of Seller, which consent will not be unreasonably withheld or delayed.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Corp /Mi/)

Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Seller shall mutually agree, provided that one or more representatives of Seller or its Affiliates shall be permitted to attend such meetings, to announce Purchaser’s proposed acquisition of the Business to the Employees. Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Employees. Except as specifically provided in this Section 10.2(a), in no event prior to the Closing Final Approval Date shall Purchaser contact any Employee without the prior written consent of Seller, which consent may be granted or withheld in Seller’s sole discretion.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Old National Bancorp /In/)

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Communications to Employees; Training. (a) Seller Sellers and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Seller Sellers shall mutually agree, provided that one or more representatives of Seller or its Affiliates Sellers shall be permitted to attend such meetings, to announce Purchaser’s 's proposed acquisition of the Business to the Business Employees. Seller Sellers and Purchaser shall mutually agree as to the scope and content of all communications to the Business Employees, Additional Employees and Business Related Employees. Except as specifically provided in this Section 10.2(a)10.2, in no event prior to the Closing shall Purchaser contact any Business Employee, Additional Employee or Business Related Employee without the prior written consent of SellerSellers, which will not be unreasonably withheld.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sovereign Bancorp Inc)

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