Common use of Compensation; Employment Agreements; Etc Clause in Contracts

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security or its subsidiaries, or grant any salary or wage increase or increase any employee benefit, (including incentive or bonus payments) except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 3 contracts

Samples: Merger Agreement (Security Financial Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/), Merger Agreement (Farmers National Banc Corp /Oh/)

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Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security Metropolitan or its subsidiariesSubsidiaries, or grant any salary or wage increase or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 3 contracts

Samples: Merger Agreement (Metropolitan Financial Corp /Oh/), Merger Agreement (Sky Financial Group Inc), Merger Agreement (Sky Financial Group Inc)

Compensation; Employment Agreements; Etc. Enter Except as Previously Disclosed, enter into or amend or renew any employment, consulting, severance severance, change in control, bonus, salary continuation or other similar agreements or arrangements with any director, officer or employee of Security or its subsidiaries, or grant any salary or wage increase or award any incentive or other bonus payment or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or (iiiii) to satisfy Previously Disclosed existing or potential contractual obligations existing as of the date hereofhereof as Previously Disclosed.

Appears in 2 contracts

Samples: Merger Agreement (Mission Community Bancorp), Merger Agreement (Santa Lucia Bancorp)

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any directorof its directors, officer officers or employee employees or those of Security or its subsidiaries, subsidiaries or grant any salary or wage increase or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (ii2) for other changes that are required by applicable law, or law and (iii3) to satisfy Previously Disclosed contractual obligations existing as of the date hereofobligations.

Appears in 2 contracts

Samples: Merger Agreement (Riggs National Corp), Merger Agreement (PNC Financial Services Group Inc)

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security GLB or its subsidiariesSubsidiaries, or grant any salary or wage increase or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 1 contract

Samples: Merger Agreement (GLB Bancorp Inc)

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Compensation; Employment Agreements; Etc. Enter into or amend into, amend, modify or renew any written employment, consulting, severance or similar agreements or arrangements with any directordirectors, officer officers, employees of, or employee of Security independent contractors with respect to, the Company or its subsidiariesSubsidiaries, or grant any salary salary, wage or wage other increase or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereofobligations.

Appears in 1 contract

Samples: Agreement and Plan of Combination (North American Mortgage Co)

Compensation; Employment Agreements; Etc. Enter into or amend into, amend, modify or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security or its subsidiariesG&P, or grant any salary salary, wage or wage other compensation increase or increase any employee benefit, benefit (including incentive or bonus payments) except ), except (i1) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, or (ii2) for other changes that are required by applicable law, or (iii) to satisfy Previously Disclosed contractual obligations existing as employment arrangements for newly hired employees in the ordinary course of the date hereofbusiness consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Independent Community Bankshares Inc)

Compensation; Employment Agreements; Etc. Enter into or amend into, amend, modify or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security or its subsidiariesXxxxxx/Xxxxxxx, or grant xxxxx any salary salary, wage or wage other compensation increase or increase any employee benefit, benefit (including incentive or bonus payments) ), except (i1) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, or (ii2) for other changes that are required by applicable law, or (iii) to satisfy Previously Disclosed contractual obligations existing as employment arrangements for newly hired employees in the ordinary course of the date hereofbusiness consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (Cardinal Financial Corp)

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