Executive Compensation. Neither the Purchaser nor the Company shall take any action that will result in, nor will the Purchaser or the Company permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger to any current or former executive officers of the Company.
Appears in 3 contracts
Sources: Securities Purchase Agreement, Securities Purchase Agreement (Premierwest Bancorp), Securities Purchase Agreement
Executive Compensation. Neither the Purchaser nor the The Company shall not take any action that will result in, nor will the Purchaser or the Company permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger transactions contemplated in this Agreement to any current or former executive officers of the Company.
Appears in 3 contracts
Sources: Securities Purchase Agreement (Carver Bancorp Inc), Securities Purchase Agreement, Securities Purchase Agreement
Executive Compensation. Neither the Purchaser nor Except as provided on Annex A, the Company shall neither take any action that will result in, nor will the Purchaser or the Company permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger to any current or former executive officers of the Company.
Appears in 1 contract
Sources: Securities Purchase Agreement
Executive Compensation. Neither the Purchaser nor the The Company shall not take any action that will result in, nor will the Purchaser or the Company permit, directly or indirectly, the acceleration, vesting, enhancement or increase in the payments or benefits that would otherwise become due as a result of the consummation of the Merger transactions contemplated in this Agreement to any current or former executive officers of the Company.. ARTICLE VARTICLE V
Appears in 1 contract
Sources: Securities Purchase Agreement (Broadway Financial Corp \De\)