Final Payroll. Seller shall pay all of its employees not later than as of the close of business on the Closing Date all sums due for all wages earned, including overtime pay, and all accrued vacation leave as of such time.
Appears in 2 contracts
Sources: Branch Purchase and Assumption Agreement (1st Constitution Bancorp), Branch Purchase and Assumption Agreement (1st Constitution Bancorp)
Final Payroll. Seller shall pay all of its employees not later than as of the close of business on the Closing Date all sums due for all wages earned, including overtime pay, and all accrued vacation leave accrued, but unused paid time off days as of such time.
Appears in 1 contract
Sources: Branch Purchase and Assumption Agreement (City National Bancshares Corp)