Common use of Nonrecruitment of Employees Clause in Contracts

Nonrecruitment of Employees. Director hereby agrees that until the later of two years following the Effective Time of the Merger or one year following the termination of service as an advisory director of CresCom (if applicable), Director shall not, without the prior written consent of Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself or any other Person, solicit or recruit for employment or encourage to leave employment with Buyer or any of Buyer’s Affiliated Companies, any employee of Buyer or of any Buyer’s Affiliated Companies with whom Director worked during Director’s services as a director of Seller or any Seller Affiliated Company and who performed services for Seller, Buyer, or any of their Affiliated Companies’ customers and who has not thereafter ceased to be employed by Seller, Buyer or any of their Affiliated Companies for a period of not less than one year.

Appears in 2 contracts

Samples: Merger Agreement (Carolina Financial Corp), Merger Agreement (Congaree Bancshares Inc)

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Nonrecruitment of Employees. Director hereby agrees that until for the later of two years one year following the Effective Time of the Merger or one year six months following the termination of service as an advisory director of CresCom (if applicable)the Bank, Director shall not, without the prior written consent of Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself or any other Person, indirectly solicit or recruit for employment or encourage to leave employment with Buyer or any of Buyer’s Affiliated CompaniesCompanies on his own behalf or on behalf of any other Person, any employee of Buyer or of any Buyer’s Affiliated Companies with whom Director worked during Director’s services as a director of Seller or Seller, any Seller Affiliated Company Company, or the Bank and who performed services for Seller, Buyer, Buyer or any of their Affiliated Companies’ customers and who has not thereafter ceased to be employed by Seller, Buyer or any of their Affiliated Companies for a period of not less than one year.

Appears in 1 contract

Samples: Merger Agreement (First National Bancshares Inc /Sc/)

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Nonrecruitment of Employees. Director hereby agrees that until the later of two years following the Effective Time of the Merger or one year six months following the termination of service as an advisory director of CresCom First Community (if applicable), Director shall not, without the prior written consent of Buyer’s Chief Executive Officer, which consent may be withheld at the sole discretion of Buyer’s Chief Executive Officer, directly or indirectly, on behalf of himself or any other Person, solicit or recruit for employment or encourage to leave employment with Buyer or any of Buyer’s Affiliated Companies, any employee of Buyer or of any Buyer’s Affiliated Companies with whom Director worked during Director’s services as a director of Seller or any Seller Affiliated Company and who performed services for Seller, Buyer, or any of their Affiliated Companies’ customers and who has not thereafter ceased to be employed by Seller, Buyer or any of their Affiliated Companies for a period of not less than one year.

Appears in 1 contract

Samples: Merger Agreement (First Community Corp /Sc/)

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