Common use of Employment-Related Payments Clause in Contracts

Employment-Related Payments. For purposes of this Plan of Merger, "EMPLOYMENT-RELATED PAYMENTS" include any payment to be made with respect to any contract for employment; unemployment compen- sation benefits; profit sharing, pension or retirement benefits; so- cial security benefits; fringe benefits, including vacation or holiday pay, bonuses and other forms of compensation; or for medical insurance or medical expenses; any of which are payable with respect to any present or former director, officer, employee, or agent, or his or her survivors, heirs, legatees, or legal representatives.

Appears in 2 contracts

Samples: Merger Agreement (Old Kent Financial Corp /Mi/), Merger Agreement (CFSB Bancorp Inc)

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Employment-Related Payments. For purposes of this Plan of Merger, "EMPLOYMENT-RELATED PAYMENTS" include any payment to be made with respect to any contract for employment; unemployment compen- sation compensation benefits; profit sharing, pension pension, or retirement benefits; so- cial social security benefits; fringe benefits, including vacation vacation, or holiday pay, bonuses bonuses, and other forms of compensation; or for medical insurance or medical expenses; any of which are payable with respect to any present or former director, officer, employee, or agent, or his or her survivors, heirs, legatees, or legal representatives.

Appears in 2 contracts

Samples: Merger Agreement (Old Kent Financial Corp /Mi/), Merger Agreement (Merchants Bancorp Inc/De/)

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