Common use of Post Effective Time Clause in Contracts

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”).