Common use of The Employer Clause in Contracts

The Employer. This Agreement shall inure to the benefit of and be binding upon the Employer and its successors and assigns. The Bancorp and the Bank will each require any successor to it (whether direct or indirect, by stock or asset purchase, merger, consolidation or otherwise) or to all or substantially all of its business or assets to assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken place.

Appears in 16 contracts

Samples: Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.), Executive Employment Agreement (Primis Financial Corp.)

AutoNDA by SimpleDocs

The Employer. This Agreement shall inure to the benefit of and be binding upon the Employer and its successors and assigns. The Bancorp and the Bank will each require any successor to it (whether direct or indirect, by stock or asset purchase, merger, consolidation or otherwise) or to all or substantially all of its business or more than 50% of its assets to assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken place.

Appears in 13 contracts

Samples: Employment Agreement (Newbridge Bancorp), Employment and Change of Control Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

The Employer. This Agreement shall inure to the benefit of and be binding upon the Employer and its successors and assigns. The Bancorp and the Bank will each require any successor to it (whether direct or indirect, by stock or asset purchase, merger, consolidation or otherwise) or to all or substantially all of its business or more than fifty percent (50%) of its assets to assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken place.

Appears in 8 contracts

Samples: Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

The Employer. This Agreement shall inure to the benefit of and be binding upon the Employer and its successors and assigns. The Bancorp and the Bank will each require any successor to it (whether direct or indirect, by stock or asset purchase, merger, consolidation or otherwise) or to all or substantially all of its business or more than fifty percent (50%) of its assets to assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken place.

Appears in 7 contracts

Samples: Employment Agreement, Employment Agreement (Newbridge Bancorp), Employment Agreement (Newbridge Bancorp)

AutoNDA by SimpleDocs

The Employer. This Agreement shall inure to the benefit of and be binding upon the Employer and its successors and assigns. The Bancorp and the Bank will each require assigns including, but not limited to any successor to it (whether direct person acquiring directly or indirect, by stock or asset purchase, merger, consolidation or otherwise) or to indirectly all or substantially all of its the business or assets of Bancorp or the Bank by purchase, merger, consolidation, reorganization or otherwise. The Employer shall require any successor to expressly assume expressly and agree to perform this Agreement in the same manner and to the same extent it would be required to perform it if no such succession had taken placeAgreement.

Appears in 5 contracts

Samples: Employment Agreement (Peoples Bancorp of North Carolina Inc), Employment Agreement (Peoples Bancorp of North Carolina Inc), Employment Agreement (Peoples Bancorp of North Carolina Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!