Severance/Employment Agreements. Purchaser will honor all of Company's obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 of the Company Disclosure Letter in accordance with the terms thereof.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Macatawa Bank Corp), Agreement and Plan of Merger (Wintrust Financial Corp)
Severance/Employment Agreements. Purchaser will honor all of Company's obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 of the Company Disclosure Letter in accordance with the terms thereof. Purchaser will present to each individual subject to such severance, change of control or employment agreements a mutually acceptable Mutual Termination of Employment Agreement for execution on or before the Effective Time.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Chemical Financial Corp)
Severance/Employment Agreements. Purchaser will honor all of Company's obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 5.6.6 of the Company Disclosure Letter in accordance with the terms thereof, subject to the receipt of any required regulatory approvals.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Chemical Financial Corp)
Severance/Employment Agreements. Purchaser will honor all of Company's ’s obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 of the Company Disclosure Letter in accordance with the terms thereof, subject to the receipt of any required regulatory approvals or regulatory guidance that Purchaser deems necessary or desirable in its reasonable discretion.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Monarch Community Bancorp Inc)
Severance/Employment Agreements. Purchaser will honor all of Company's obligations and assume all its defenses under existing severance, change of control or employment agreements to which the Company or any Company Subsidiary is a party and which are listed on Section 5.7.5 5.8.5 of the Company Disclosure Letter in accordance with the terms thereof.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Choiceone Financial Services Inc)
