Common use of Employee Benefit Plans; Existing Agreements Clause in Contracts

Employee Benefit Plans; Existing Agreements. (a) As of the Effective Time, the employees of the Company and its Subsidiaries (the "Company Employees") shall be eligible to participate in employee benefit plans of Parent or its Subsidiaries in which similarly situated employees of Parent or its Subsidiaries participate, to the same extent that similarly situated employees of Parent or its Subsidiaries participate (it being understood that inclusion of Company Employees in Parent's employee benefit plans may occur at different times with respect to different plans).

Employee Benefit Plans; Existing Agreements. (a) As of the Effective Time, the employees of the Company and its Subsidiaries (the "Company Employees") shall be eligible to participate in Parent's employee benefit plans of Parent or its Subsidiaries in which similarly situated employees of Parent or its Subsidiaries BancorpSouth Bank participate, to the same extent that as similarly situated employees of Parent or its Subsidiaries participate BancorpSouth Bank (it being understood that inclusion of Company Employees in Parent's employee benefit plans may occur at different times with respect to different plans).

Employee Benefit Plans; Existing Agreements. (a) As of Following the Effective Time, the employees of the Company and its Subsidiaries (the "Company Employees") shall be eligible entitled to participate in the employee benefit plans of New Parent or its Subsidiaries Parent in which similarly situated employees of Parent or its Subsidiaries ("Parent Employees") participate, to the same extent that as similarly situated employees of Parent or its Subsidiaries participate (it being understood that inclusion of Company Employees in Parent's employee benefit plans may occur at different times with respect to different plans).