Common use of Merger or Transfer of Assets Clause in Contracts

Merger or Transfer of Assets. This Agreement shall not be terminated due to: (a) a merger where Bank is not the surviving corporation; (b) a consolidation; or (c) a transfer of all or substantially all of the assets of Bank.

Appears in 2 contracts

Samples: Employment Agreement (Eldorado Bancshares Inc), Employment Agreement (Eldorado Bancshares Inc)

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Merger or Transfer of Assets. This Agreement shall not be terminated due to: (a) a merger where Bank is not the surviving corporation; (b) a consolidation; or (c) a transfer of all or substantially all of the assets of the Bank. Bank shall take all actions necessary to insure that the surviving or resulting corporation, if other than Bank, or transferee of Bank's assets is bound by and shall have the benefit of the provisions of this Agreement. In the case of dissolution, this Agreement shall be terminated.

Appears in 1 contract

Samples: Employment Agreement (Mission Community Bancorp)

Merger or Transfer of Assets. This Agreement shall not be terminated due to: (a) a merger where Bank is not the surviving corporation; (b) a consolidation; or (c) a transfer of all or substantially all of the assets of Bank. In the case of dissolution, this Agreement shall be terminated.

Appears in 1 contract

Samples: Employment Agreement (Commerce Security Bancorp Inc)

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Merger or Transfer of Assets. This Agreement shall not be terminated due to: (a) a merger where Bank is not the surviving corporation; (b) a consolidation; or (c) a transfer of all or substantially all of the assets of Bank. Bank shall take all actions necessary to insure that the surviving or resulting corporation, if other than Bank, or transferee of Bank’s assets is bound by and shall have the benefit of the provisions of this Agreement. In the case of dissolution, this Agreement shall be terminated.

Appears in 1 contract

Samples: Employment Agreement (Mission Community Bancorp)

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