Compensation and Employment Agreements. WesterFed will not permit any increase in the current or deferred compensation payable or to become payable by WesterFed or the Bank to any of its directors, officers, employees, agents, or consultants other than normal increments in compensation in accordance with WesterFed's or the Bank's past practices with respect to the timing and amounts of such increments, Christmas bonuses and incentive bonuses for calendar year
Compensation and Employment Agreements. Except as set forth in Schedule 14, Astoria will not permit any increase in the current or deferred compensation payable or to become payable by Astoria to any of its directors, officers, employees, agents, or consultants other than normal increments in compensation in accordance with Astoria’s past practices with respect to the timing and amounts of such increments.
Compensation and Employment Agreements. Set forth in Schedule 2.11 hereto is (a) a list as of the date hereof of all written agreements, plans or arrangements by which any Group Member is bound with regard to compensation, bonus, incentive, stock option, stock purchase, severance pay or other benefits or perquisites, other than any agreements, plans or arrangements listed in Schedule 2.12 hereto and (b) a list as of the date hereof of all employees of each Group Member who received compensation (excluding compensation deemed to be received upon the exercise of stock options) in excess of $50,000 during the most recently completed fiscal year and their respective current positions and annual salaries and any other compensation which is reasonably expected to be paid this year. Schedule 2.11 hereto also sets forth the names of all employees of the Company and each Group Member who is a party to an employment, confidentiality or other agreement with the Company or any Group Member, together with the terms of such agreement, including non-competition scope and duration, and not less than five (5) days prior to the Closing Date, the Seller shall deliver to the Purchaser a list of the governing law, confidentiality and/or restrictive covenant provisions with respect to such employment, confidentiality or other agreements. Except as set forth in Schedule 2.11 hereto, no employment agreement, severance agreement or other agreement of any type to which any officer or employee of the Company or any Group Member is a party contains any provision terminating or otherwise calling for renegotiation, modification or payments under the terms of any such agreement in the event of a change in control or ownership of the Company or the subject Group Member. Except as set forth in Schedule 2.11 hereto, there are no contracts, agreements, plans or arrangements covering any employee or former employee of the Company or any Group Member with "change of control" or similar provisions. There is no contract, agreement, plan or arrangement covering any employee or former employee of the Company that individually or collectively could give rise to the payment of any amount that would not be deductible pursuant to the terms of Section 280G of the Code. Neither the Company nor any trade or business (whether or not incorporated) under common control with the Company within the meaning of Section 4001 of ERISA has incurred any liability under the Worker Adjustment and Retraining Act or any similar state law relating to employm...
Compensation and Employment Agreements. Except as set forth in Schedule 4.1.7, MBHC and the Bank will not permit any increase in the current or deferred compensation payable or to become payable by MBHC or the Bank to any of its directors, officers, employees, agents, or consultants other than normal increments in compensation in accordance with MBHC ‘s or the Bank’s past practices with respect to the timing and amounts of such increments.
Compensation and Employment Agreements. Mountain West will not permit any increase in the current or deferred compensation payable or to become payable by Mountain West to any of its directors, officers, employees, agents, or consultants other than normal increments in compensation in accordance with Mountain West's past practices with respect to the timing and amounts of such increments. Except as contemplated in this Agreement, Mountain West will not commit to, execute or deliver any employment agreement with any party not terminable upon two weeks' notice and without expense.
Compensation and Employment Agreements. Sellers' Disclosure Schedule contains a true, correct and complete list of all employees, consultants (other than accountants and attorneys) and sales or marketing representatives of Pacific Financial, together with the compensation, bonuses and commissions and expense reimbursements and allowances for such employees, consultants and representatives and sets forth the annual rate of such compensation (including bonuses, commissions and expense allowances, if any) and the positions held by all such employees, consultants and representatives, together with a list and brief description of all current and future pension, retirement, profit sharing, vacation, sick pay, severance and similar arrangements and benefits of the Company with its employees of a legally binding nature or of the nature of any informal understanding, all of which are in full force and effect and fully funded and adequate reserves for which have been established in the December Statement and the Financial Statements as of the Closing Date. There are no written or oral employment agreements and arrangements for employees, consultants or sales and marketing representatives of the Company not disclosed on Sellers' Disclosure Schedule. Pacific Financial does not maintain and has not maintained in the past any "employee pension plan," as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended.
Compensation and Employment Agreements. 23 4.1.8 Update of Financial Statements................ 23 4.1.9
Compensation and Employment Agreements. HUB will not, and will not allow the Bank to, permit any increase in the current or deferred compensation payable or to become payable by HUB to any of its directors, officers, employees, agents, or consultants other than normal increments in compensation in accordance with HUB's past practices with respect to the timing and amounts of such increments. Without the prior written approval of Glacier, HUB will not, and will not allow the Bank to, commit to, execute or deliver any employment agreement with any party not terminable upon two weeks' notice (or 30 days' notice, if such minimum notice is required under Montana law) and without expense.
Compensation and Employment Agreements. 16 3.31 Consents..............................................................16 3.32 Year 2000.............................................................17 3.33 No Dividends, Loans, etc..............................................17 3.34
Compensation and Employment Agreements. Set forth in SCHEDULE 3.30 of the Company Disclosure Schedule is a complete and accurate list of (a) all agreements, plans, arrangements or commitments with employees, shareholders, consultants, independent contractors, sales representatives, agents or any family members of any employee, shareholder, consultant or agent, with regard to compensation, benefits or perquisites and (b) all full-time and part-time employees and their respective positions, job categories and salaries. All bonuses heretofore granted to employees have been paid in full to such employees. Neither the execution of this Agreement nor the transactions contemplated by this Agreement will result in any liability for severance pay or similar payment requirements to any employee, sales representative, independent contractor, consultant, distributor, agent or affiliate of the Company. Set forth in SCHEDULE 3.30 is a list of all of the directors and officers of the Company since December 31, 1998.
