Common use of Communications to Employees; Training Clause in Contracts

Communications to Employees; Training. Seller and Purchaser agree that promptly following the execution of this Agreement, meetings, joint or several, of Seller and Purchaser as the parties may agree, shall be held at the Branches or at such other location as Purchaser and Seller shall mutually agree, to announce Purchaser's proposed acquisition of the Branches to the Branch Employees. Seller and Purchaser shall mutually agree as to the scope and content of all initial communications to the Branch Employees. Thereafter, Purchaser shall be permitted to meet with the Branch Employees working at the Branches on the date of this Agreement, at times mutually convenient to Purchaser and Seller to discuss employment opportunities with Purchaser. Seller may temporarily transfer employees from other branches to the Branches, but none of such employees shall be treated as Branch Employees. From and after the Final Approval Date, Purchaser shall be permitted to conduct training sessions during normal business hours or at other times with the Branch Employees; provided that Purchaser will in good faith attempt to schedule such training sessions in a manner which does not unreasonably interfere with Seller's normal business operations. Purchaser shall reimburse the Branch Employees for transportation costs to and from the location where Purchaser shall train such employees and compensate the Branch Employees at their respective applicable standard or overtime rates for the time spent in such training.

Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution of this Agreement, meetings, joint or several, of Seller and Purchaser as the parties may agree, meetings shall be held at the Branches or at such other location as Purchaser and Seller shall mutually agree, provided that representatives of Seller shall be permitted to attend such meetings, to announce Purchaser's ’s proposed acquisition of the Branches Business to the Branch Bank Employees. Seller and Purchaser shall mutually agree as to the scope and content of all initial communications to the Branch Bank Employees. ThereafterExcept as specifically provided in this Section 9.2, in no event shall Purchaser contact any Bank Employee without the prior written consent of Seller, which consent may not be unreasonably withheld, except for those Bank Employees designated in writing by Seller to handle certain transition issues. (b) At mutually agreed upon times following the initial announcement described in Section 9.2(a), Purchaser shall be permitted to meet with the Branch Bank Employees working at the Branches on the date of this Agreement, at times mutually convenient to Purchaser and Seller to discuss employment opportunities with Purchaser. , provided that representatives of Seller may temporarily transfer employees from other branches to the Branches, but none of such employees shall be treated as Branch Employeespermitted to attend any such meeting. From and after the Final Approval Date, Purchaser shall also be permitted to conduct training sessions during outside of normal business hours or at other times as Seller may agree, with the Branch EmployeesBank Employees and may, at Seller’s sole option, conduct such training seminars at the Branches; provided that Purchaser will in good faith attempt to schedule such training sessions in a manner which does not unreasonably interfere with Seller's ’s normal business operations. Purchaser shall reimburse the Branch Bank Employees for reasonable transportation costs to and from the location locations where Purchaser shall train such employees and compensate the Branch Bank Employees or reimburse Seller at their respective the Bank Employees’ applicable standard or overtime rates for the time spent in such training.

Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution of this Agreement, meetings, joint or several, of Seller and Purchaser as the parties may agree, meetings shall be held at the Branches or at such other 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 Branches Business to the Branch Employees. Seller and Purchaser shall mutually agree as to the scope and content of all initial communications to the Branch Employees. ThereafterExcept as specifically provided in this Section 10.2(a), in no event prior to the 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. (b) At mutually agreed upon times following the initial announcement described in Section 10.2(a), Purchaser shall be permitted to meet with the Branch Employees working at the Branches on the date of this Agreement, at times mutually convenient to Purchaser and Seller to discuss employment opportunities with Purchaser. , provided that one of more representatives of Seller may temporarily transfer employees from other branches to the Branches, but none of such employees or its Affiliates shall be treated as Branch Employeespermitted to attend any such meetings. From and after the Final Approval Date, Purchaser shall also be permitted to conduct training sessions during outside of normal business hours or at other times as Seller may agree, with the Branch EmployeesEmployees and may, in Seller’s sole discretion, conduct such training seminars at the Branches or Office; provided that Purchaser will must in good faith attempt to schedule such training sessions in a manner which does not unreasonably interfere with Seller's ’s normal business operations. Purchaser shall reimburse the Branch Employees for transportation costs to and from the location locations where Purchaser shall train such employees and compensate the Branch Employees or reimburse Seller at their the Employees respective applicable standard or overtime rates for the time spent in such trainingtraining and traveling to such training if held outside of normal business hours. Such transportation costs shall be reimbursed according to the standard mileage rate provided in the IRS regulations.

Communications to Employees; Training. (a) Seller and Purchaser agree that promptly following the execution receipt of this Agreementall Regulatory Approvals, meetings, joint one or several, of Seller and Purchaser as the parties may agree, more employee meetings shall be held at the Branches or at such other location locations as Purchaser and Seller shall mutually agree, provided that representatives of Seller shall be permitted to announce attend such meetings, to discuss Purchaser's ’s proposed acquisition of the Branches to Assets with the Branch Employees. Seller and Purchaser shall mutually agree as to the scope and content of all initial communications to the Branch Employees. ThereafterExcept as specifically provided in this Section 4.11(a), in no event shall Purchaser contact any Branch Employees, either individually or as a group, without the prior express consent of Seller, which consent will not be unreasonably withheld or delayed following the receipt of all Regulatory Approvals but prior to the Closing Date. (b) At mutually agreed upon times following the receipt of all Regulatory Approvals, Purchaser shall be permitted to meet with the Branch Employees working at the Branches on the date of this Agreement, at times mutually convenient to Purchaser and Seller to discuss employment opportunities with the Purchaser. Seller may temporarily transfer employees from other branches to Following the Branches, but none receipt of such employees shall be treated as Branch Employees. From and after the Final Approval Dateall Regulatory Approvals, Purchaser shall also be permitted to conduct training sessions during with the Branch Employees outside of normal business hours or at other times with as Seller may agree and may, at Seller’s option, conduct such training seminars at the Branch EmployeesBranches; provided that Purchaser will in good faith attempt to schedule such training sessions in a manner which that does not unreasonably interfere with Seller's ’s normal business operations. Purchaser shall reimburse the Branch Employees for transportation costs to and from the location where Purchaser shall train such employees and compensate the Branch Employees or reimburse Seller at their the Branch Employees’ respective applicable standard or overtime rates for the time spent in such training.