Common use of Transition Team Clause in Contracts

Transition Team. FNB and Integrity shall create a transition team comprised of staff and representatives of Integrity and staff and representatives of FNB (the “Transition Team”). The purpose of the Transition Team shall be to provide detailed guidance to FNB in fulfilling and consummating the Merger, to maintain open lines of communication between Integrity and FNB, and to handle customer inquiries regarding the Merger. The Transition Team shall meet as necessary until the Effective Time. Members of the Transition Team shall receive no separate compensation for such service.

Appears in 2 contracts

Samples: Merger Agreement (Integrity Financial Corp), Merger Agreement (FNB Corp/Nc)

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Transition Team. FNB and Integrity United shall create a transition team comprised of staff and representatives of Integrity United and staff and representatives of FNB (the “Transition Team”). The purpose of the Transition Team shall be to provide detailed guidance to FNB in fulfilling and consummating the Merger, to maintain open lines of communication between Integrity United and FNB, and to handle customer inquiries regarding the Merger. The Transition Team shall meet as necessary until the Effective Time. Members of the Transition Team shall receive no separate compensation for such service.

Appears in 2 contracts

Samples: Merger Agreement (FNB Corp/Nc), Merger Agreement (United Financial Inc)

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