Common use of Employment or Service Clause in Contracts

Employment or Service. Upon the effective date of a Change in Control, all references in this Agreement to employment or service with the Company and its Affiliates shall be deemed to include employment or service with the surviving entity in such Change in Control and its subsidiaries, and any transfer of employment from the Company or any Affiliate to the surviving entity in such Change in Control or any of its subsidiaries shall not constitute a separation from service or otherwise interrupt your continuous employment or service for purposes of this Agreement.

Appears in 3 contracts

Samples: Non Qualified Stock Option Award Agreement (Columbia Financial, Inc.), Restricted Stock Unit Award Agreement (Columbia Financial, Inc.), Restricted Stock Award Agreement (Columbia Financial, Inc.)

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Employment or Service. Upon the effective date of a Change in ControlControl (as such term is defined in Section 9.3 of the Plan), all references in this Agreement to employment or service with the Company and its Affiliates Employer shall be deemed to include employment or service with the surviving entity in such Change in Control and its subsidiaries, and any transfer of employment or service from the Company or any Affiliate to the surviving entity in such Change in Control or any of its subsidiaries shall not constitute a separation from service or otherwise interrupt your continuous employment or service for purposes of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (NorthEast Community Bancorp, Inc./Md/), Non Qualified Stock Option Award Agreement (NorthEast Community Bancorp, Inc./Md/), Performance Based Restricted Stock Award Agreement (NorthEast Community Bancorp, Inc./Md/)

Employment or Service. Upon the effective date of a Change in Control, all references in this Agreement to employment or service with the Company and its Affiliates Employer shall be deemed to include employment or service with the surviving entity in such Change in Control and its subsidiaries, and any transfer of employment or service from the Company or any Affiliate to the surviving entity in such Change in Control or any of its subsidiaries shall not constitute a separation from service or otherwise interrupt your continuous employment or service for purposes of this Agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (William Penn Bancorporation), Time Based Restricted Stock Award Agreement (William Penn Bancorporation)

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Employment or Service. Upon the effective date of a Change in Control, all references in this Agreement to employment or service with the Company and its Affiliates Employer shall be deemed to include employment or service with the surviving entity in such Change in Control and its subsidiaries, and any transfer of employment from the Company or any Affiliate to the surviving entity in such Change in Control or any of its subsidiaries shall not constitute a separation from service or otherwise interrupt your continuous employment or service for purposes of this Agreement.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (William Penn Bancorporation)

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