Common use of Retention Program Clause in Contracts

Retention Program. First Union and the Company have agreed, in ----------------- connection with the transactions contemplated hereby, to establish a retention program on substantially the terms described herein, the purposes of which is to retain the services of certain employees of the Company and the Company Subsidiaries (as hereinafter defined) following the consummation of the transactions contemplated hereby.

Appears in 2 contracts

Sources: Agreement and Plan of Merger (Everen Capital Corp), Merger Agreement (Everen Capital Corp)

Retention Program. First Union and the Company have agreed, in ----------------- connection with the transactions contemplated hereby, to establish a retention program on substantially the terms described herein, the purposes purpose of which is to retain the services of certain employees and Independent Contractors (as hereinafter defined) of the Company and the Company Subsidiaries (as hereinafter defined) following the consummation of the transactions contemplated hereby.

Appears in 1 contract

Sources: Merger Agreement (Jwgenesis Financial Corp /)