Common use of Delayed Hires Clause in Contracts

Delayed Hires. To the extent that, within fifteen (15) months after the Closing Date (but in no event beyond the expiration of the Banking Transition Support Agreement), JPM employs a Banking Business Employee (other than a Transferred Banking Employee) whose employment with BNY has been uninterupted from the period commencing immediately prior to the Closing Date and ending immediately prior to the date active employment with JPM commences), such Employee shall become a Transferred Banking Employee as of the date active employment with JPM commences and, to the extent applicable, references in this Section 13.2 to the "Closing Date" shall relate to the date active employment with JPM commences.

Delayed Hires. To the extent that, within fifteen (15) months after the Closing Date (but in no event beyond the expiration of the Banking Transition Support Services Agreement), JPM employs a Banking Business Employee (other than a Transferred Banking EmployeeEmployee who transfers to BNY on the Closing Date) whose employment with BNY has been uninterupted from the period commencing immediately prior to the Closing Date and ending immediately prior to the date active employment with JPM commences), such Employee shall become a Transferred Banking Employee as of the date active employment with JPM commences and, to the extent applicable, references in this Section 13.2 to the "Closing Date" shall relate to the date active employment with JPM commences.

Delayed Hires. To the extent that, within fifteen (15) months after the Closing Date (but in no event beyond the expiration of the Banking Transition Support Agreement), JPM employs a Banking Business Employee (other than a Transferred Banking Employee) whose employment with BNY has been uninterupted from the period commencing immediately prior to the Closing Date and ending immediately prior to the date active employment with JPM commences), such Employee shall become a Transferred Banking Employee as of the date active employment with JPM commences and, to the extent applicable, references in this Section 13.2 to the "“Closing Date" ” shall relate to the date active employment with JPM commences.