Common use of Costs of Termination Clause in Contracts

Costs of Termination. The Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Branch Employee other than an Assumed Employee.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Citizens Bancshares Corp /Ga/)

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Costs of Termination. The Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Branch Employee other than an Assumed Employeethe Transferred Employees.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Unionbancorp Inc)

Costs of Termination. The Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Branch Employee Employee, other than an the Assumed EmployeeEmployees, who is terminated by Seller prior to the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Group Inc)

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Costs of Termination. The Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Branch Employee other than an Assumed Employeewho is terminated by Seller prior to the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Group Inc)

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