Examples of Existing Employment Agreements in a sentence
Frankfort First shall have delivered to First Federal, with respect to each of the Frankfort First Executives who have Frankfort First Existing Employment Agreements in effect on the Closing Date, a Frankfort First Replacement Employment Agreement in each case dated as of the Closing Date and executed on behalf of the Bank by a duly authorized officer and by the appropriate Frankfort First Executive.
Except with respect to First Northern's chief executive officer and up to two additional First Northern Executives, First Northern shall have delivered to Mutual, with respect to each of the First Northern Executives who have First Northern Existing Employment Agreements in effect on the Closing Date, a First Northern Replacement Employment Agreement in each case dated as of the Closing Date and executed on behalf of the Bank by a duly authorized officer and by the appropriate First Northern Executive.
PCA hereby confirms its request that ASI terminate the Existing Employment Agreements as of the Effective Date.
The Company shall deliver to the Buyer duly executed resolutions of the Company and such other documents as Buyer shall request reflecting the termination of the Long-Term Incentive Plan, the Existing Employment Agreements and such other Company Plan requested to be terminated.
The Seller agrees to cause the Seller's Bank to cause the existing employment agreements ("Existing Employment Agreements") between each of the four foregoing individuals and the Seller's Bank to be terminated by mutual consent and without cost or expense to the Seller's Bank or any party to this Agreement immediately prior to the Effective Time.