Post Effective Time Clause Samples
The "Post Effective Time" clause defines the rights, obligations, or actions that take effect after a specified effective date or time in an agreement. Typically, this clause outlines what parties must do or refrain from doing once the contract becomes active, such as delivering goods, making payments, or providing services. Its core function is to clearly delineate the transition from pre-contractual to contractual responsibilities, ensuring all parties understand when their duties commence and helping to prevent disputes over timing.
Post Effective Time. One of either Pulaski Bank or Busey Bank shall employ and Employee agrees to remain employed by Pulaski Bank or Busey Bank during the period beginning at the Effective Time and continuing through the transition of business and operations to Busey Bank and ending on 30 days following the merger of Pulaski Bank with and into Busey Bank (the “Post-Closing Transition Period”). The Pre-Closing Transition Period and the Post-Closing Transition Period are collectively referred to herein as the “Transition Periods”).
Post Effective Time. During the one (1)-year period following the Effective Time, Parent shall, or Parent shall cause the Surviving Corporation and its Subsidiaries to, provide to all Continuing Employees (provided they remain employees), to the extent they remain employed during such one (1)-year period, benefits that are in the aggregate substantially comparable to either (A) the benefits provided by the Company and its Subsidiaries to the Continuing Employees as in effect as of the date of this Agreement or (B) the benefits provided to similarly situated Parent employees. Parent shall have discretion to select the specific benefits to be provided to Continuing Employees pursuant to this Section 5(j)(i).
Post Effective Time. Procedures Subject to the provisions of Article 5 hereof, and upon return of a properly completed Letter of Transmittal by a registered Former True Gold Shareholder together with certificates or DRS Statements representing True Gold Shares and such other documen...
Post Effective Time. FROM AND AFTER CLOSING, BUYER SHALL DEFEND, INDEMNIFY, PROTECT AND HOLD HARMLESS SELLER AND ITS AFFILIATES AND SUBSIDIARIES AND EACH OF THEIR RESPECTIVE DIRECTORS, OFFICERS, EMPLOYEES, AGENTS AND REPRESENTATIVES (“SELLER GROUP”) FROM AND AGAINST ANY AND ALL LIENS, CLAIMS, DEMANDS, COSTS (INCLUDING BUT NOT LIMITED TO ATTORNEYS’ FEES, ACCOUNTANTS’ FEES, ENGINEERS’ FEES, CONSULTANTS’ FEES AND EXPERTS’ FEES), EXPENSES, DAMAGES, LOSSES AND CAUSES OF ACTION FOR DAMAGES (I) ARISING OUT OF OR RELATED TO THE OWNERSHIP OR OPERATION OF THE ASSETS AND ACCRUING ON OR AFTER THE EFFECTIVE DATE AND (II) THE MATERIAL BREACH BY BUYER OF ANY OF ITS REPRESENTATIONS AND WARRANTIES PROVIDED IN ARTICLE 7 HEREIN.