Successors to the Bank. The Bank, as applicable, will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Bank to assume expressly and agree to perform the duties and obligations under this Agreement in the same manner and to the same extent as the Bank would be required to perform it if no such succession had taken place.
Appears in 9 contracts
Samples: Supplemental Executive Retirement Agreement (Berkshire Hills Bancorp Inc), Retirement Agreement (Standard AVB Financial Corp.), Supplemental Executive Retirement Agreement (Standard AVB Financial Corp.)
Successors to the Bank. The Bank, as applicable, will Bank shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or or assets of the Bank expressly to assume expressly and agree to perform the duties and Bank’s obligations under this Agreement in the same manner and to the same extent as that the Bank would be required to perform it if no such succession had taken place. Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this Agreement.
Appears in 9 contracts
Samples: Employment Agreement (NB Bancorp, Inc.), Employment Agreement (NB Bancorp, Inc.), Employment Agreement (PCSB Financial Corp)
Successors to the Bank. The Bank, as applicable, will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Bank to assume expressly and agree to perform the duties and obligations under this Agreement Plan in the same manner and to the same extent as the Bank would be required to perform it if no such succession had taken place.
Appears in 8 contracts
Samples: Continuation Agreement (BV Financial, Inc.), Continuation Agreement (BV Financial, Inc.), Continuation Agreement (First Seacoast Bancorp)
Successors to the Bank. The Bank, as applicable, will Bank shall require any successor (or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise) , to all or substantially all of the business and/or or assets of the Bank or the Company, expressly and unconditionally to assume expressly and agree to perform the duties and Bank’s obligations under this Agreement Agreement, in the same manner and to the same extent as that the Bank would be required to perform it if no such succession or assignment had taken place.
Appears in 4 contracts
Samples: Change in Control Agreement (MB Bancorp Inc), Change in Control Agreement (MB Bancorp Inc), Change in Control Agreement (MB Bancorp Inc)
Successors to the Bank. The Bank, as applicable, will Bank shall require any successor (or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise) , to all or substantially all of the business and/or or assets of the Bank Bank, expressly and unconditionally to assume expressly and agree to perform the duties and Bank's obligations under this Agreement Agreement, in the same manner and to the same extent as that the Bank would be required to perform it if no such succession or assignment had taken place.
Appears in 2 contracts
Samples: Trust Change in Control Agreement (River Financial Corp), Change in Control Agreement (Clifton Bancorp Inc.)
Successors to the Bank. The Bank, as applicable, will Bank shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or or assets of the Bank expressly to assume expressly and agree to perform the duties and Bank’s obligations under this Severance Agreement in the same manner and to the same extent as that the Bank would be required to perform it if no such succession had taken place. Failure of the Bank to obtain an assumption of this Severance Agreement at or prior to the effectiveness of any succession shall be a material breach of this Severance Agreement.
Appears in 2 contracts
Samples: Employment Agreement (NB Bancorp, Inc.), Employment Agreement (NB Bancorp, Inc.)