Common use of Nonrecruitment of Employees Clause in Contracts

Nonrecruitment of Employees. Employee hereby agrees that, for two (2) years following the Effective Time or for two (2) years following Employee’s affiliation with Buyer or SNB as an officer, employee, or consultant (whichever period is longer), Employee shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of the Buyer’s Chief Executive Officer, directly or indirectly solicit or recruit or attempt to solicit or recruit for employment or encourage to leave employment with Buyer or any of its Affiliated Companies, on his or her own behalf or on behalf of any other Person, (i) any then-current employee of Buyer or any of its Affiliated Companies or (ii) any employee of Seller who worked at Seller or any of its Affiliated Companies during Employee’s services as a manager of Seller or any Seller Affiliated Company and who has not ceased employment for a minimum of a six month period with Buyer, Seller, or any Affiliated Companies, as applicable. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 6 contracts

Samples: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Professional Holding Corp.), Merger Agreement (Seacoast Banking Corp of Florida)

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Nonrecruitment of Employees. Employee Director hereby agrees that, for two three (23) years following the Effective Time or for two three (23) years following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at in the sole discretion of the Buyer’s Chief Executive Officer, directly or indirectly solicit or recruit or attempt to solicit or recruit for employment or encourage to leave employment with Buyer or any of its Affiliated Companies, on his or her own behalf or on behalf of any other Person, (i) any then-current employee of Buyer or any of its Affiliated Companies or (ii) any employee of Seller who worked at Seller or any of its Affiliated Companies during EmployeeDirector’s services as a manager director of Seller or any Seller Affiliated Company and who has not ceased employment for a minimum of a six month period with Buyer, Seller, or any Affiliated Companies, as applicable. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 3 contracts

Samples: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Professional Holding Corp.), Merger Agreement (Seacoast Banking Corp of Florida)

Nonrecruitment of Employees. Employee Director hereby agrees that, for two three (23) years following the Effective Time or for two three (23) years following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of the Buyer’s Chief Executive Officer, directly or indirectly solicit or recruit or attempt to solicit or recruit for employment or encourage to leave employment with Buyer or any of its Affiliated Companies, on his or her own behalf or on behalf of any other Person, (i) any then-current employee of Buyer or any of its Affiliated Companies or (ii) any employee of Seller who worked at Seller or any of its Affiliated Companies during EmployeeDirector’s services as a manager director of Seller or any Seller Affiliated Company and who has not ceased employment for a minimum of a six month period with Buyer, Seller, or any Affiliated Companies, as applicable. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 3 contracts

Samples: Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida), Merger Agreement (Seacoast Banking Corp of Florida)

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Nonrecruitment of Employees. Employee Director hereby agrees that, for two the longer of (2i) three (3) years following the Effective Time or for two (2ii) years one (1) year following EmployeeDirector’s affiliation with Buyer or SNB as an officera director, employee, or consultant (whichever period is longer), Employee Director shall not, without the prior written consent of the Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of the Buyer’s Chief Executive Officer, directly or indirectly solicit or recruit or attempt to solicit or recruit for employment or encourage to leave employment with Buyer or any of its Affiliated Companies, on his or her own behalf or on behalf of any other Person, (i) any then-current employee of Buyer or any of its Affiliated Companies or (ii) any employee of Seller who worked at Seller or any of its Affiliated Companies during EmployeeDirector’s services as a manager director of Seller or any Seller Affiliated Company and who has not ceased employment for a minimum of a six month period with Buyer, Seller, or any Affiliated Companies, as applicable. It is acknowledged that general advertisements shall not be deemed to violate this provision.

Appears in 1 contract

Samples: Merger Agreement (Seacoast Banking Corp of Florida)

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