Common use of Solicitation of Transferred Employees Clause in Contracts

Solicitation of Transferred Employees. Except with the written consent of BUYER, for a period of six months following the Closing Date, SELLER will not directly solicit Transferred Employees as prospective officers or employees of SELLER and will not hire any such Transferred Employee; provided, however, that SELLER shall not be prohibited or restricted from hiring a Transferred Employee if such Transferred Employee is terminated by BUYER.

Appears in 2 contracts

Samples: Office Purchase and Assumption Agreement (Isb Financial Corp/La), Office Purchase and Assumption Agreement (Isb Financial Corp/La)

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Solicitation of Transferred Employees. Except with the -------------------------------------- written consent of BUYER, for a period of six months two (2) years following the Closing Date, SELLER will not directly solicit Transferred Employees as prospective officers or employees of SELLER and will not hire any such Transferred EmployeeSELLER; provided, however, that SELLER shall not be prohibited or restricted from hiring a Transferred Employee if such Transferred Employee contacts SELLER or an affiliate or the parent organization of SELLER to seek hiring or retention, whether in response to general advertising or otherwise, or if a Transferred Employee is terminated by BUYER.

Appears in 1 contract

Samples: Office Purchase and Assumption Agreement (Blackhawk Bancorp Inc)

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Solicitation of Transferred Employees. Except with the written consent of BUYERBuyer, for a period of six months one (1) year following the Closing Date, SELLER Seller will not, and will cause its Affiliates not to, directly solicit for employment or employ Transferred Employees as prospective officers or employees of SELLER and will not hire Seller or any such Transferred Employeeof its Affiliates; provided, however, that SELLER Seller shall not be prohibited or restricted from hiring a Transferred Employee if the employment of such Transferred Employee is terminated by BUYERBuyer or if the Transferred Employee contacts Seller.

Appears in 1 contract

Samples: Branch Office Purchase and Sale Agreement (First Ottawa Bancshares Inc)

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