Common use of Compensation; Employment Agreements; Etc Clause in Contracts

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any current or former director, officer, employee or other service provider of or to Seller or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (S&t Bancorp Inc), Agreement and Plan of Merger (Ibt Bancorp Inc)

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Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any current or former director, officer, employee or other service provider of or to Seller or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees (other than executive officers) in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (S&t Bancorp Inc), Agreement and Plan of Merger (S&t Bancorp Inc)

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any current or former director, officer, employee or other service provider of or to Seller Carrollton or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees (other than executive officers) in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable lawLaw, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Carrollton Bancorp)

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any current of the directors, officers or employees or former directordirectors, officer, employee officers or other service provider employees of or to Seller or its Subsidiariesthe Subsidiary, or grant any salary or wage increase increase, make any award or grant under the Option Plan or any similar plan of the Seller or increase any employee benefit (including incentive or bonus payments)) relating to any employee of Subsidiary, except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practicepractices, (ii) for other changes that are required by applicable law, and or (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Cherry Corp)

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Compensation; Employment Agreements; Etc. Enter into into, amend, modify, renew or amend or renew terminate any employment, consulting, severance severance, change in control or similar agreements or arrangements with any current or former director, officerofficer or employee of, employee or other service provider of or to Seller or its Subsidiariesindependent contractor with respect to, Falls, or grant any salary salary, wage or wage other increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary and usual course of business consistent with past practice, (ii) for other changes that are required or made advisable by applicable lawLaw, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sky Financial Group Inc)

Compensation; Employment Agreements; Etc. Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any current or former director, officer, employee or other service provider of or to Seller or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees (other than executive officers) in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof, and (iv) to satisfy any of the terms of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (S&t Bancorp Inc)

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