Company Employees. Hire any member of senior management or other key employee, elect to any office any person who is not a member of the Company's management team as of the date of this Agreement or elect to the Company Board any person who is not a member of the Company Board as of the date of this Agreement, except for the hiring of at-will employees at an annual rate of salary not to exceed $100,000 in the ordinary course of business.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Bancorp Rhode Island Inc), Agreement and Plan of Merger (Brookline Bancorp Inc)
Company Employees. Hire any member of senior management or other key employee, elect to any office any person who is not a member of the Company's ’s management team as of the date of this Agreement or elect to the Company Board any person who is not a member of the Company Board as of the date of this Agreement, except for the hiring of at-at will employees having a title of manager or lower at an annual rate of salary not to exceed $100,000 80,000 in the ordinary course of business.
Appears in 1 contract
Samples: Separation Agreement and Release (Randolph Bancorp, Inc.)
Company Employees. Hire any member of senior management or other key employee, elect to any office any person who is not a member of the Company's ’s management team as of the date of this Agreement or elect to the Company Board any person who is not a member of the Company Board as of the date of this Agreement, except for the hiring of at-will employees having a title of vice president or lower at an annual rate of salary not to exceed $100,000 75,000 in the ordinary course of business.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Coastway Bancorp, Inc.)
Company Employees. Hire any member of senior management or other key employee, elect to any office any person who is not a member of the Company's ’s management team as of the date of this Agreement or elect to the Company Board any person who is not a member of the Company Board as of the date of this Agreement, except for the hiring of at-will employees having a title of manager or lower at an annual rate of salary not to exceed $100,000 65,000 in the ordinary course of business.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Camden National Corp)
Company Employees. Hire any member of senior management or other key employee, elect to any office any person who is not a member of the Company's ’s management team as of the date of this Agreement or elect to the Company Board any person who is not a member of the Company Board as of the date of this Agreement, except for the hiring of at-will employees having a title of manager or lower to replace employees of the Company that cease to be employed by the Company after the date hereof, and only at an annual rate of salary not to exceed $100,000 in the ordinary course of business50,000.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Orrstown Financial Services Inc)
