Executive Compensation. Neither the Company nor the Purchaser shall take any action that will result in, nor will the Company or the Purchaser permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement (1st Financial Services CORP), Securities Purchase Agreement (C & F Financial Corp), Agreement and Plan of Merger
Executive Compensation. Neither the Company Purchaser nor the Purchaser Company shall take any action that will result in, nor will the Company Purchaser or the Purchaser Company permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (Premierwest Bancorp), Securities Purchase Agreement
Executive Compensation. Neither the The Company nor the Purchaser shall not take any action that will result in, nor will the Company or the Purchaser permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger transactions contemplated in this Agreement to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Carver Bancorp Inc), Securities Purchase Agreement, Securities Purchase Agreement
Executive Compensation. Neither the Company Purchasers nor the Purchaser Company shall take any action that will result in, nor will the Company permit or the Purchaser permitPurchasers consent to, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger Transaction to any current or former executive officers of the Company.
Appears in 2 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement
Executive Compensation. Neither the The Company nor the Purchaser shall not take any action that will result in, nor will the Company or the Purchaser permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger transactions contemplated in this Agreement to any current or former executive officers of the Company.. ARTICLE VARTICLE V
Appears in 1 contract
Samples: Securities Purchase Agreement (Broadway Financial Corp \De\)
Executive Compensation. Neither Except as provided on Annex A, the Company nor the Purchaser shall neither take any action that will result in, nor will the Company or the Purchaser permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger to any current or former executive officers of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement
