Common use of Duties of Employee Clause in Contracts

Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may or will constitute a Change in Control. The Employee agrees (on his/her own behalf and in behalf of his/her heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 5 contracts

Samples: Change in Control Termination Agreement (Firstmerit Corp /Oh/), Change in Control Termination Agreement (Firstmerit Corp /Oh/), Change in Control Termination Agreement (Firstmerit Corp /Oh/)

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Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, the Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may or will constitute a Change in Control. The Employee agrees (on his/her his own behalf and in behalf of his/her his heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 2 contracts

Samples: Change in Control Termination Agreement (Firstmerit Corp /Oh/), Change in Control Termination Agreement (Firstmerit Corp /Oh/)

Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, the Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may merger, acquisition or will constitute like transaction not involving a Change in ControlControl of the Company. The Employee agrees (on his/her his own behalf and in behalf of his/her his heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 2 contracts

Samples: Displacement Agreement (Firstmerit Corp /Oh/), Displacement Agreement (Firstmerit Corp /Oh/)

Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may merger, acquisition or will constitute like transaction not involving a Change in ControlControl of the Company. The Employee agrees (on his/her own behalf and in behalf of his/her heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 2 contracts

Samples: I Displacement Agreement (Firstmerit Corp /Oh/), Displacement Agreement (Firstmerit Corp /Oh/)

Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph Paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, the Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may merger, acquisition or will constitute like transaction not involving a Change in ControlControl of the Company. The Employee agrees (on his/her his own behalf and in behalf of his/her his heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 1 contract

Samples: Displacement Agreement (Firstmerit Corp /Oh/)

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Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may merger, acquisition or will constitute like transaction not involving a Change in ControlControl of the Company. The Employee agrees (on his/her own behalf and in behalf of his/her heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.and

Appears in 1 contract

Samples: Displacement Agreement (Firstmerit Corp /Oh/)

Duties of Employee. In exchange for the compensation and benefits described in this Agreement, the Employee agrees to discharge the obligations described in paragraph Paragraph 9 and, consistent with his or her duties to shareholders and other legal obligations, the Employee shall support the position of the Board and the Company’s senior management and shall take any action reasonably requested by the Board and the Company’s senior management with respect to any event that may or will constitute a Change in Control. The Employee agrees (on his/her his own behalf and in behalf of his/her his heirs, assigns and beneficiaries) that the compensation and benefits described in this Agreement are adequate consideration for the obligations assumed in this Agreement.

Appears in 1 contract

Samples: Change in Control Termination Agreement (Firstmerit Corp /Oh/)

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