Nonrecruitment of Employees. Director hereby agrees that, for two years following the last to occur of (i) the Effective Time of the Merger and (ii) the Director’s resignation or removal or otherwise ceasing to be a director of both the Bank and the Surviving Corporation, Director shall not, without the prior written consent of the Surviving Corporation’s Chief Executive Officer, which consent may be withheld at the sole discretion of the Surviving Corporation’s Chief Executive Officer, on his own behalf or on behalf of any other Person other than the Surviving Corporation or any of the Surviving Corporation’s Affiliated Companies, directly or indirectly solicit or recruit for employment or encourage to leave employment with the Surviving Corporation or any of the Surviving Corporation’s Affiliated Companies, any employee of the Surviving Corporation or any of the Surviving Corporation’s Affiliated Companies with whom Director worked during Director’s services as a director of Merger Partner, any Merger Partner Affiliated Company, or any Surviving Corporation Affiliated Company and who performed services for Merger Partner, the Surviving Corporation or any of their respective Affiliated Companies and who has not thereafter ceased to be employed by Merger Partner, the Surviving Corporation or any of their Affiliated Companies for a period of one year or more.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Boe Financial Services of Virginia Inc), Agreement and Plan of Merger (Community Bankers Acquisition Corp.), Agreement and Plan of Merger (Community Bankers Acquisition Corp.)
