Common use of Communications to Employees; Training Clause in Contracts

Communications to Employees; Training. (a) Sellers and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers shall mutually agree, provided that representatives of Sellers shall be permitted to attend such meetings to announce Purchaser’s proposed acquisition of the Purchased Assets to the Branch Employees. Sellers and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Employees. Except as specifically provided in this Section 10.2, in no event shall Purchaser contact any Branch Employee without the prior written consent of Sellers, which consent shall not unreasonably be withheld or delayed.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (1st United Bancorp, Inc.), Purchase and Assumption Agreement (Cib Marine Bancshares Inc)

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Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers Seller shall mutually agree, provided that representatives of Sellers Seller shall be permitted to attend such meetings meetings, to announce Purchaser’s 's proposed acquisition of the Purchased Assets to the Branch Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Employees. Except as specifically provided in this Section 10.2, in no event shall Purchaser contact any Branch Employee without the prior written express consent of SellersSeller, which consent shall will not be unreasonably be withheld or delayed.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Corp /Mi/)

Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers Seller shall mutually agree, provided that one or more representatives of Sellers Seller or its Affiliates shall be permitted to attend such meetings meetings, to announce Purchaser’s proposed acquisition of the Purchased Assets Business to the Branch Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Employees. Except as specifically provided in this Section 10.210.2(a), in no event prior to the Closing shall Purchaser contact any Branch Employee without the prior written consent of Sellers, which consent shall not unreasonably be withheld or delayedSeller.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Community Bank System Inc)

Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution receipt of this Agreementall Regulatory Approvals, one or more employee meetings shall be held at such location locations as Purchaser and Sellers Seller shall mutually agree, provided that representatives of Sellers Seller shall be permitted to attend such meetings meetings, to announce discuss Purchaser’s proposed acquisition of the Purchased Assets to with the Branch Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Employees. Except as specifically provided in this Section 10.24.11(a), in no event shall Purchaser contact any Branch Employee Employees, either individually or as a group, without the prior written express consent of SellersSeller, which consent shall will not be unreasonably be withheld or delayeddelayed following the receipt of all Regulatory Approvals but prior to the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Eagle Bancorp Montana, Inc.)

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Communications to Employees; Training. (a) Sellers Seller and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers Seller shall mutually agree, provided that representatives of Sellers Seller shall be permitted to attend such meetings meetings, to announce Purchaser’s proposed acquisition of the Purchased Assets Business to the Branch Bank Employees. Sellers Seller and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Bank Employees. Except as specifically provided in this Section 10.29.2, in no event shall Purchaser contact any Branch Bank Employee without the prior written consent of SellersSeller, which consent shall may not be unreasonably be withheld or delayedwithheld, except for those Bank Employees designated in writing by Seller to handle certain transition issues.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Bar Harbor Bankshares)

Communications to Employees; Training. (a) Sellers and Purchaser agree that promptly following the execution of this Agreement, meetings shall be held at such location as Purchaser and Sellers shall mutually agree, provided that representatives of Sellers shall be permitted to attend such meetings meetings, to announce Purchaser’s 's proposed acquisition of the Purchased Assets Business to the Branch Business Employees. Sellers and Purchaser shall mutually agree as to the scope and content of all communications to the Branch Business Employees, Additional Employees and Business Related Employees. Except as specifically provided in this Section 10.2, in no event shall Purchaser contact any Branch Business Employee, Additional Employee or Business Related Employee without the prior written consent of Sellers, which consent shall will not be unreasonably be withheld or delayedwithheld.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sovereign Bancorp Inc)

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