Executive Compensation. The Company shall not take any action that will result in, nor will 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 transactions contemplated in this Agreement to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (Carver Bancorp Inc), Securities Purchase Agreement
Executive Compensation. The Neither the Company nor the Purchaser shall not take any action that will result in, nor will the Company or the Purchaser 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 transactions contemplated in this Agreement Merger to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Agreement and Plan of Merger, Securities Purchase Agreement (C & F Financial Corp), Securities Purchase Agreement (1st Financial Services CORP)
Executive Compensation. The Neither the Purchaser nor 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 transactions contemplated in this Agreement Merger to any current or former executive officers of the Company.
Appears in 3 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement (Premierwest Bancorp), Securities Purchase Agreement
Executive Compensation. The Neither the Purchasers nor the Company shall not take any action that will result in, nor will the Company permitpermit or the Purchasers consent to, 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 transactions contemplated in this Agreement Transaction to any current or former executive officers of the Company.
Appears in 2 contracts
Samples: Securities Purchase Agreement, Securities Purchase Agreement
Executive Compensation. The Except as provided on Annex A, the Company shall not neither take any action that will result in, nor will 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 transactions contemplated in this Agreement Merger to any current or former executive officers of the Company.
Appears in 1 contract
Samples: Securities Purchase Agreement
Executive Compensation. The Company shall not take any action that will result in, nor will 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 transactions contemplated in this Agreement to any current or former executive officers of the Company.. ARTICLE VARTICLE V
Appears in 1 contract
Samples: Securities Purchase Agreement (Broadway Financial Corp \De\)
