Common use of Employment, Benefit or Retirement Agreements or Plans Clause in Contracts

Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as required by law (i) enter into or become bound by any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by Xxxxxxx, BBI or THC without cost or other liability on no more than thirty (30) days' notice; (ii) adopt, enter into or become bound by any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock option, Stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), or similar contract, agreement, commitment, understanding, plan, or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, or consultants; or (iii) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Beckley Bancorp Inc)

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Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as ----------------------------------------------------- required by law law, neither HC Financial nor High Country will: (i) enter into or become bound by any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by Xxxxxxx, BBI HC Financial or THC High Country without cost or other liability on no more than thirty (30) 30 days' notice; (ii) adopt, enter into or become bound by any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock stock option, Stock stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), ) or similar contract, agreement, commitment, understanding, plan, plan or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, employees or consultants; or (iii) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Agreement and Plan (High Country Financial Corp)

Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as required by law law, neither Xxxxxxxx nor Xxxxxxxx Investment will (i) enter into or into, become bound by by, or amend any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by Xxxxxxx, BBI or THC it without cost or other liability on no more than thirty (30) 30 days' notice; (ii) adopt, enter into or into, become bound by by, or amend any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock ” stock option, Stock stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), ) or similar contract, agreement, commitment, understanding, plan, plan or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, employees or consultants; or (iii) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Agreement and Plan Of (Bank of the Carolinas CORP)

Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as ----------------------------------------------------- required by law law, neither First Savings nor FSB will (iI) enter into or become bound by any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by Xxxxxxx, BBI First Savings or THC FSB without cost or other liability on no more than thirty (30) 30 days' notice; (iiII) adopt, enter into or become bound by any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock stock option, Stock stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), ) or similar contract, agreement, commitment, understanding, plan, plan or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, employees or consultants; or (iiiIII) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Agreement and Plan (First Savings Financial Corp)

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Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as required by law (i) enter into or become bound by any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by XxxxxxxBeckxxx, BBI XXI or THC without cost or other liability on no more than thirty (30) days' notice; (ii) adopt, enter into or become bound by any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock option, Stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), or similar contract, agreement, commitment, understanding, plan, or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, or consultants; or (iii) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Horizon Bancorp Inc /Wv/)

Employment, Benefit or Retirement Agreements or Plans. Except as contemplated by this Agreement or as required by law (i) enter into or become bound by any oral or written contract, agreement or commitment for the employment or compensation of any director, officer, employee or consultant which is not immediately terminable by Xxxxxxx, BBI Twentieth Bancorp or THC the Bank without cost or other liability on no more than thirty (30) days' notice; (ii) adopt, enter into or become bound by any new or additional profit-sharing, bonus, incentive, change in control or "golden parachute," Stock stock option, Stock stock purchase, pension, retirement, insurance (hospitalization, life or other), paid leave (sick leave, vacation leave or other), ) or similar contract, agreement, commitment, understanding, plan, plan or arrangement (whether formal or informal) with respect to or which provides for benefits for any of its current or former directors, officers, employees, employees or consultants; or (iii) enter into or become bound by any contract with or commitment to any labor or trade union or association or any collective bargaining group.

Appears in 1 contract

Samples: Employment Agreement (Horizon Bancorp Inc /Wv/)

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