Common use of Costs of Termination Clause in Contracts

Costs of Termination. Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Employee other than the Transferred Employees.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Unionbancorp Inc)

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Costs of Termination. Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Employee Employee, other than the Transferred Assumed Employees, who is terminated by Seller prior to the Closing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Group Inc)

Costs of Termination. The Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Branch Employee other than the Transferred Employeesan Assumed Employee.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Citizens Bancshares Corp /Ga/)

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Costs of Termination. Seller shall pay any and all costs (including, without limitation, severance pay and accrued vacation pay) associated with termination of any Employee other than who is terminated by Seller prior to the Transferred EmployeesClosing Date.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Independent Bank Group Inc)

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