Common use of New Employment Agreements Clause in Contracts

New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by such party (or one of its subsidiaries), as the case may be, without cost or penalty upon 30 days' or less notice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (O a K Financial Corp), Agreement and Plan of Merger (Chemical Financial Corp)

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New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by such party (Company or one of its subsidiaries)Company's Subsidiaries, as the case may be, without cost or penalty upon 30 60 days' or less notice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Chemical Financial Corp)

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New Employment Agreements. Take no action to enter into any employment agreement that is not terminable by such party (Fidelity or one of its subsidiaries)the Bank, as the case may be, without cost or penalty upon 30 60 days' ’ or less notice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dearborn Bancorp Inc /Mi/)

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