Obligations of Successors. The Bank shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Bank to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform if no such succession had taken place.
Appears in 4 contracts
Samples: Employment Agreement (Randolph Bancorp, Inc.), Employment Agreement (Randolph Bancorp, Inc.), Employment Agreement (Randolph Bancorp, Inc.)
Obligations of Successors. The Corporation and/or the Bank shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Corporation and/or the Bank to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation and/or the Bank would be required to perform if no such succession had taken place.
Appears in 4 contracts
Samples: Change in Control Agreement (Washington Trust Bancorp Inc), Change in Control Agreement (Washington Trust Bancorp Inc), Executive Severance Agreement (Washington Trust Bancorp Inc)
Obligations of Successors. The In addition to any obligations imposed by -------------------------- law upon any successor to the Bank, the Bank shall will use its best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Bank to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform if no such succession had taken place.
Appears in 3 contracts
Samples: Change in Control Protection Agreement (Cooperative Bankshares Inc), Change in Control Protection Agreement (Cooperative Bankshares Inc), Change in Control Protection Agreement (Cooperative Bankshares Inc)
Obligations of Successors. The In addition to any obligations imposed by law upon any successor to the Bank, the Bank shall will use its best efforts to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Bank to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform if no such succession had taken place.
Appears in 1 contract
Samples: Change in Control Protection Agreement (Cooperative Bankshares Inc)
