Civic Commitment Clause Samples
A Civic Commitment clause establishes the parties' agreement to uphold certain standards or responsibilities related to social, community, or public interests within the scope of their contract. This may include obligations such as supporting local initiatives, adhering to ethical business practices, or engaging in community service activities as part of the contractual relationship. By including this clause, the contract ensures that both parties are aligned in contributing positively to society, thereby promoting corporate social responsibility and addressing potential concerns about social impact.
Civic Commitment. The untersigned company contributes to the social and economic develoment oft he countries and regions where it is in business and promotes appropriate, volunteer activities by its employees.
Civic Commitment. The Surviving Corporation shall contribute no less than One Million Dollars ($1,000,000) (the “Greensburg Fund”) over five (5) years to the greater Greensburg, Indiana, community or civic groups whose primary goal is to assist the greater Greensburg, Indiana community. The management of the Surviving Corporation shall determine which organizations shall receive funding, taking into consideration the organizations historically supported by MainSource in the Decatur County, Indiana community.
Civic Commitment. The merger agreement requires the surviving corporation to contribute not less than $1 million over five years to the greater Greensburg, Indiana community. Certain Additional Covenants The merger agreement also contains additional covenants, including, among others, covenants relating to the filing of this joint proxy statement/prospectus, obtaining required consents, the listing of the shares of First Financial common stock to be issued in the merger, access to information, exemption from takeover laws, public announcements with respect to the transactions contemplated by the merger agreement, and First Financial’s assumption of MainSource’s obligations in respect of its outstanding debt, guarantees, securities, and other agreements to the extent required by the terms of such debt, guarantees, securities, and other agreements. Shareholder Meetings and Recommendation of MainSource’s and First Financial’s Boards of Directors Each of MainSource and First Financial has agreed to hold a meeting of its shareholders for the purpose of voting upon adoption of the merger agreement as soon as reasonably practicable and upon other related matters. The board of directors of each of MainSource and First Financial has agreed to use its reasonable best efforts to obtain from its shareholders the vote required to adopt the merger agreement, including by communicating to its shareholders its recommendation (and including such recommendation in this joint proxy statement/prospectus) that they adopt and approve the merger agreement and the transactions contemplated thereby. However, if the board of directors of MainSource or First Financial, after receiving the advice of its outside counsel, determines in good faith that it would be reasonably likely to result in a violation of its fiduciary duties under applicable law to continue to recommend the merger agreement, then it may (but shall not be required to) submit the merger agreement to its shareholders without recommendation (although the resolutions approving the merger agreement may not be rescinded or amended) and may communicate the basis for its lack of a recommendation to its shareholders in this joint proxy statement/prospectus or a supplemental amendment thereto to the extent required by law, provided that (1) it gives the other party at least seven calendar days’ prior written notice of its intention to take such action and a reasonable description of the event or circumstances giving rise to its determination t...
Civic Commitment. The undersigned company contributes to the social and economic development of the countries and regions where it is in business and promotes appropriate, volunteer activities by its employees. keeping these measures in fundamentally guaranteed. No right exists to disseminate operational or business secrets related to competition or any other information that is in need of protection. (location, date) (signature) (location, date) (signature) (location, date) (signature)