Successor Organization. The obligations of the Corporation as set forth herein shall continue to be the obligation of any successor organization, any organization which purchases substantially all of the assets of the Corporation, as well as any organization which assumes substantially all of the liabilities of the Corporation whether by merger, consolidation, or other form of business combination.
Appears in 3 contracts
Samples: Change in Control, Severance and Non Compete Agreement (CenterState Banks, Inc.), Change in Control and Severance Agreement (Centerstate Banks of Florida Inc), Change in Control and Severance Agreement (Centerstate Banks of Florida Inc)
Successor Organization. The obligations of the Corporation and the Bank as set forth herein shall continue to be the obligation of any successor organization, any organization which purchases substantially all of the assets liabilities of the CorporationCorporation or the Bank, as well as any organization which assumes substantially all of the liabilities of the Corporation or the Bank whether by merger, consolidation, or other form of business combination. This Agreement is personal to the Employee and the Employee may not delegate his duties hereunder.
Appears in 2 contracts
Samples: Severance Agreement (Cortland Bancorp Inc), Severance Agreement (Cortland Bancorp Inc)
Successor Organization. The obligations of the Corporation as set forth herein shall continue to be the obligation of any successor organization, any organization which purchases substantially all of the assets liabilities of the Corporation, as well as any organization which assumes substantially all of the liabilities of the Corporation whether by merger, consolidation, or other form of business combination. This Agreement is personal to the Employee and the Employee may not delegate his duties hereunder.
Appears in 2 contracts
Samples: Severance Agreement (Rurban Financial Corp), Supplemental Severance Agreement (Rurban Financial Corp)
Successor Organization. The obligations of the Corporation and the Bank as set forth herein shall continue to be the obligation of any successor organization, and any organization which purchases substantially all of the assets of the Corporation, as well as any organization which assumes substantially all of the liabilities of the Corporation whether by merger, consolidation, or other form of business combination. This Agreement is personal to the Officer and the Officer may not delegate his or her duties hereunder.
Appears in 1 contract
Samples: Severance Agreement (Fc Banc Corp)
