Purpose and Effective Date. 2.1 The parties have merged their businesses with a view to achieving the objectives described in the circular dated 30 October 1992 to the holders of shares and bearer depository receipts in NV and to the holders of shares in PLC. The Original Governing Agreement governs aspects of the relations between them following the merger.
2.2 This Agreement will become effective on resolutions approving the execution and performance of this Agreement by each party being passed by each party’s shareholders in annual general meeting.
2.3 The provisions of this Agreement shall supersede the provisions of the Original Governing Agreement with effect from the date on which the last of the resolutions referred to in clause 2.2 is passed but this shall be without prejudice to the accrued (whether or not asserted) rights of either of the parties under the Original Governing Agreement.
2.4 PLC and NV acting in good faith shall each do or procure to be done all such acts and things as may be necessary or desirable, to ensure so far as practicable the complete and punctual fulfilment, observance and performance of the provisions of this Agreement, and shall each exercise all voting rights and powers, direct or indirect, available to it in relation to any of its subsidiaries or to any member of the Xxxx Elsevier Group or the Finance Group, to ensure so far as practicable that members of the Xxxx Elsevier Group and the Finance Group perform all obligations owed to PLC or NV and generally that full effect is given to this Agreement.
Purpose and Effective Date. The purpose of this Supplemental Executive Retirement Plan (hereinafter the “Plan”) is to provide supplemental retirement benefits for certain key employees of COLUMBIA STATE BANK (hereinafter “Bank” or “Employer”), a bank organized and existing under the laws of the state of Washington. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. This Columbia State Bank Supplemental Executive Retirement Plan Agreement (hereinafter “Columbia SERP Agreement”) is made and entered into effective as of February 27, 2015, by and between Columbia State Bank (hereinafter “Bank” or “Employer”) and Xxxxxx X. Xxxxxxx (hereinafter “Executive” or “Participant”). WHEREFORE, the Bank and Executive hereby agree to the following;
Purpose and Effective Date. On or about the date hereof, the Company and Parent entered into or will enter into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which a wholly owned subsidiary of Parent will merge into the Company and the Company will be the surviving corporation (the “Merger”). The purpose of this Agreement is to terminate all prior employment agreements and similar arrangements between the Company, and any of its affiliates, and Executive relating to the subject matter of this Agreement, to recognize Executive’s significant contributions to the overall financial performance and success of the Company, to protect the Company’s business interests through restrictive covenants, and to provide a single, integrated document which shall provide the basis for Executive’s continued employment by Parent and the Company. This Agreement will be effective upon the closing of the Merger (the “Effective Date”). If, for any reason, the Merger is not completed or effectuated, this Agreement shall be void and any prior agreements relating to Executive’s employment with the Company shall remain in effect.
Purpose and Effective Date. This First Amended and Restated Columbia State Bank Supplemental Executive Retirement Plan Agreement (hereinafter “Agreement”), entered into this February 27, 2015 by and between Columbia State Bank (hereinafter “Bank” “Employer”) and Xxxxx Xxxxxx (hereinafter “Executive” or “Participant”), is intended to amend, supersede and replace, in its entirety, the Columbia State Bank Supplemental Executive Retirement Plan Agreement, effective as of July 1, 2013 (“Original Agreement”). The purpose of this Columbia State Bank Supplemental Executive Retirement Plan (hereinafter the “Plan”), evidenced by this Agreement, is to provide supplemental retirement benefits for certain key employees of Columbia State Bank. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. WHEREFORE, the Bank and Executive hereby agree to the following;
Purpose and Effective Date. This Columbia State Bank Supplemental Executive Retirement Plan Agreement (hereinafter “Agreement”), entered into this February 27, 2015 by and between Columbia State Bank (hereinafter “Bank” “Employer”) and Xxxx Xxxxxxx (hereinafter “Executive” or “Participant”). The purpose of this Columbia State Bank Supplemental Executive Retirement Plan (hereinafter the “Plan”), evidenced by this Agreement, is to provide supplemental retirement benefits for certain key employees of Columbia State Bank. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. WHEREFORE, the Bank and Executive hereby agree to the following;
Purpose and Effective Date. The purpose of the Directors' Deferred Fee Plan of The Citizens Bank of Philadelphia, MS. is to provide specified benefits to Directors who contribute materially to the continued growth, development and future business success of The Citizens Bank of Philadelphia, MS. It is the intention of The Citizens Bank of Philadelphia, MS. that this program and the individual plans established hereunder be administered as unfunded welfare benefit plans established for Directors of the Bank. The Effective Date of this Plan is September 1, 1986.
Purpose and Effective Date. This HIPAA Medical Privacy Article is adopted in response to the provisions of the Medical Privacy Regulations issued under the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”).
Purpose and Effective Date. (a) The purpose of this Amended and Restated Employment Agreement is to amend the Prior Employment Agreement, to recognize Executive's significant contributions to the overall financial performance and success of the Company, and to provide a single, integrated document which shall provide the basis for Executive's continued employment by the Company.
(b) This Agreement shall be effective as of February __, 2004 ("Effective Date") and this Agreement shall terminate as hereinafter provided.
Purpose and Effective Date. The purpose of this Supplemental Executive Retirement Plan (the "Plan") is to provide supplemental retirement benefits for certain key employees of Venture Financial Group, Inc., Venture Bank and subsidiaries or affiliates thereof (the "Employer") who are employed by the Employer on or after January 1, 2005. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. This Plan shall be effective as of January 1, 2005.
Purpose and Effective Date. Effective as of May 14, 1999 (the “Effective Date”), BLUE RIDGE HOLDING CORP., a Delaware corporation (the “Company”), established the BLUE RIDGE PAPER PRODUCTS EMPLOYEE STOCK OWNERSHIP PLAN (the “Plan”) to enable the employees of the Company and its subsidiaries (including Blue Ridge Paper Products Inc.) to participate in the equity ownership of the Company. The Plan is intended to be an employee stock ownership plan within the meaning of Section 4975(e)(7) of the Internal Revenue Code of 1986, as amended (the “Code”). The Plan is intended to be a money purchase and stock bonus plan, both of which are intended to qualify under Section 401(a) of the Code. All contributions to the trust (the “Trust”) which implements and forms a part of the Plan, not in excess of 15% of the aggregate compensation of participants under the Plan shall be made to the money purchase component of the plan and any contributions above such amount shall be made to the stock bonus component of the Plan.
