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 of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

Appears in 4 contracts

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

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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 or its directorssubsidiaries, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit benefit, (including incentive or bonus payments), ) except (1i) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2ii) for other changes that are required by applicable law and law, or (3iii) to satisfy Previously Disclosed contractual obligationsobligations existing as of the date hereof.

Appears in 3 contracts

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

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 Metropolitan or its directorsSubsidiaries, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1i) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2ii) for other changes that are required by applicable law law, and (3iii) to satisfy Previously Disclosed contractual obligationsobligations existing as of the date hereof.

Appears in 3 contracts

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

Compensation; Employment Agreements; Etc. (x) Enter into or amend into, amend, modify or renew any employment, consulting, severance severance, change in control or similar agreements contract, agreement or arrangements arrangement with any director, officer, employee or consultant, except to make changes that are required by the terms of its directorsan Company Employee Benefit Plan, officers or employees or those of its subsidiaries or (y) grant any salary or wage increase increase, equity awards or increase any employee benefit (including incentive or bonus payments)payments to any director, except (1) for normal individual increases in compensation to employees (executive officer or employee, other than executive officers or directors) routine wage increases granted to hourly employees in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Hawk Corp), Agreement and Plan of Merger (Carlisle Companies 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 of its directorsdirector, officers officer or employees or those of its subsidiaries employee or grant any salary or wage increase or award any incentive or other bonus payment or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2i) for other changes that are required by applicable law and law, or (3ii) to satisfy existing or potential contractual obligations as of the date hereof as Previously Disclosed contractual obligationsDisclosed.

Appears in 2 contracts

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

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 the Company or its directors, officers or employees or those of its subsidiaries Subsidiaries or grant any salary or wage increase or increase any employee benefit (including or pay any incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers any employee who is party to an employment agreement or directorsa change-in-control agreement) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

Appears in 1 contract

Samples: Shareholder Agreement (Chester Valley Bancorp 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 its directorsG&P, officers or employees or those of its subsidiaries or grant any salary salary, wage or wage other compensation increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, or (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligationsemployment arrangements for newly hired employees in the ordinary course of business consistent with past practice.

Appears in 1 contract

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

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Compensation; Employment Agreements; Etc. Enter into or amend into, amend, modify or renew any employment, consulting, severance retention, severance, change in control or similar agreements or arrangements other Contracts with any manager, officer, consultant or employee of its directorsthe Company, officers or employees or those of its subsidiaries or grant any salary salary, wage or wage other compensation increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) employment agreements entered into in the ordinary and usual course of business business, consistent with past practice, (2) for other changes that are required by applicable law and Applicable Law or (3) to satisfy Previously Disclosed contractual obligationsobligations existing as of the date hereof.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (MVB Financial Corp)

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 of its directors, officers officers, employees of, or employees independent contractors with respect to, the Company or those of its subsidiaries Subsidiaries, or grant any salary salary, wage or wage other increase or increase any employee benefit (including incentive or bonus payments), except (1i) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2ii) for other changes that are required by applicable law and law, or (3iii) to satisfy Previously Disclosed contractual obligations.

Appears in 1 contract

Samples: 47 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 its directorsXxxxxx/Xxxxxxx, officers or employees xxxxx any salary, wage or those of its subsidiaries or grant any salary or wage other compensation increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, or (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligationsemployment arrangements for newly hired employees in the ordinary course of business consistent with past practice.

Appears in 1 contract

Samples: Employment Agreement (Cardinal Financial Corp)

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