Common use of Conditioned Upon Merger Clause in Contracts

Conditioned Upon Merger. This Agreement shall not take effect unless and until the Effective Time of the Merger. If the Merger does not take effect, this Agreement shall be null and void. ​ ​ THE EXECUTIVE AND THE BANK, BY ITS DESIGNATED REPRESENTATIVE, HEREBY ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND EACH OF THE PROVISIONS OF THIS AGREEMENT, THAT THEY HAVE EXECUTED THIS AGREEMENT VOLUNTARILY AND WITH FULL KNOWLEDGE OF ITS SIGNIFICANCE AND THAT THEY INTEND TO BE FULLY BOUND BY THE SAME. ​ Accepted on: ___________________ ​ ​ ​ Signature:__________________________________________ ▇▇▇▇▇ ▇. ▇▇▇▇▇ ​ ​ Bank: Old Second Bancorp, Inc. ​ ​ By:▇▇▇▇▇ ▇▇▇▇▇, SVP Human Resources ​ Signature:_________________________________ ​ ​ ​ ​ This Employment Agreement (the “Agreement”) is entered into as of [⚫] (“Effective Date”), by and between Old Second Bancorp, Inc. (the “Company” or “Bank”) and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ (the “Executive”). ​