Common use of Hiring Clause in Contracts

Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed or (ii) to fill any vacancies arising after the date hereof and whose employment is terminable at will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereof.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (BayCom Corp), Agreement and Plan of Reorganization and Merger (BayCom Corp), Agreement and Plan of Merger (BayCom Corp)

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Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed or (ii) to fill any vacancies arising after the date hereof and whose employment is terminable at will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereof.

Appears in 3 contracts

Samples: Agreement of Merger (Plumas Bancorp), Agreement and Plan of Reorganization and Merger (First Foundation Inc.), Agreement and Plan of Reorganization and Merger (First Foundation Inc.)

Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed described and set forth in Section 5.2(e) of the Seller Disclosure Schedule or (ii) to fill any vacancies arising after other than executive officer positions in the date hereof ordinary course of business and whose employment is terminable at will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereof.. ​

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Southern Missouri Bancorp, Inc.), Agreement and Plan of Merger (Southern Missouri Bancorp, Inc.)

Hiring. (i) Hire any person Person as an employee of the Company or any of its Subsidiaries or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed or hereof, (ii) Persons hired to fill any vacancies arising after the date hereof and whose employment is terminable at the will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby Company or a Subsidiary of the consummation thereofCompany, as applicable, and (iii) Persons hired in the ordinary course of business.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Penn Engineering & Manufacturing Corp), Agreement and Plan of Merger (PEM Holding Co.)

Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed or (ii) to fill any vacancies arising after the date hereof and whose employment is terminable at will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereofwill.

Appears in 2 contracts

Samples: Bank Merger Agreement (Community West Bancshares /), Bank Merger Agreement (Central Valley Community Bancorp)

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Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed described and set forth in Section 5.2(e) of the Uniti Disclosure Schedule or (ii) to fill any vacancies arising after the date hereof and whose employment is terminable at will and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (BayCom Corp)

Hiring. Hire any person as an employee of or promote any employee, except (i) to satisfy contractual obligations existing as of the date hereof as Previously Disclosed or (ii) to fill any vacancies arising after the date hereof and whose employment is terminable at the will of the employing party, and who are not subject to or eligible for any severance or similar benefits or payments that would become payable as a result of the transactions contemplated hereby or the consummation thereof.

Appears in 1 contract

Samples: Bank Merger Agreement (Manhattan Bancorp)

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