Common use of Hiring Clause in Contracts

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on Schedule 4.01(d) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicable.

Appears in 6 contracts

Samples: Merger Agreement (KNBT Bancorp Inc), Merger Agreement (Northeast Pennsylvania Financial Corp), Agreement and Plan of Reorganization (Banknorth Group Inc/Me)

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Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on in Schedule 4.01(d4.01(e) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicableother than any person to be hired who would have a base salary, including any guaranteed bonus or any similar bonus, considered on an annual basis of more than $50,000.

Appears in 3 contracts

Samples: Merger Agreement (First Community Bancorp /Ca/), Merger Agreement (First Community Bancorp /Ca/), Merger Agreement (First Community Bancorp /Ca/)

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on in Schedule 4.01(d4.01(e) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicableand whose base salary, including any guaranteed bonus or any similar bonus, does not exceed $50,000 per annum.

Appears in 1 contract

Samples: Merger Agreement (First Community Bancorp /Ca/)

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on Schedule 4.01(d4.01(e) of the Company Company's Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicableother than any person to be hired who would have a base salary, including any guaranteed bonus or any similar bonus, considered on an annual basis of more than $50,000.

Appears in 1 contract

Samples: Merger Agreement (First Community Bancorp /Ca/)

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on in Schedule 4.01(d4.01(e) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or its Subsidiaries, other than any person to be hired who would have a Subsidiary base salary, including any guaranteed bonus or any similar bonus, considered on an annual basis of the Company, as applicablemore than $50,000.

Appears in 1 contract

Samples: Merger Agreement (First Community Bancorp /Ca/)

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Hiring. Hire any person as an employee of the Company or any of its ------ Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on Schedule 4.01(d) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Chester Valley Bancorp Inc)

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on Schedule 4.01(d) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicable.

Appears in 1 contract

Samples: Merger Agreement (Willow Grove Bancorp Inc/New)

Hiring. Hire any person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof and set forth on Schedule in Section 4.01(d) of the Company Disclosure Schedule and (ii) persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the Company or a Subsidiary of the Company, as applicable.

Appears in 1 contract

Samples: Merger Agreement (United Financial Mortgage Corp)

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