Common use of Termination of Employee Plans Clause in Contracts

Termination of Employee Plans. EQBK having received evidence reasonably satisfactory to EQBK that, as of the Effective Time, all Employee Plans (other than such Employee Plans EQBK elects not to terminate) have been terminated in accordance with the terms of such Employee Plans, the Code, ERISA and all other applicable Laws on a basis satisfactory to EQBK in its reasonable discretion and that, to the extent required by the Employee Plans or applicable Law, affected participants have been notified of such terminations.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc), Director Support Agreement (Equity Bancshares Inc), Agreement and Plan of Merger (Equity Bancshares Inc)

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Termination of Employee Plans. EQBK having received evidence reasonably satisfactory to EQBK that, as of the Effective Time, all Employee Plans of Xxxxxxx (other than such Employee Plans plans EQBK elects not to terminate) have been terminated in accordance with the terms of such Employee PlansPlans of Xxxxxxx, the Code, ERISA and all other applicable Laws on a basis satisfactory to EQBK in its reasonable discretion and that, to the extent required by the Employee Plans or applicable Law, affected participants have been notified of such terminationsterminations and/or integrations.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

Termination of Employee Plans. EQBK having received evidence reasonably satisfactory to EQBK that, as of the Effective Time, all Employee Plans of Cache (other than such Employee Plans plans EQBK elects not to terminate) have been terminated in accordance with the terms of such Employee PlansPlans of Cache, the Code, ERISA and all other applicable Laws on a basis satisfactory to EQBK in its reasonable discretion and that, to the extent required by the Employee Plans or applicable Law, affected participants have been notified of such terminationsterminations and/or integrations.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

Termination of Employee Plans. EQBK having received evidence reasonably satisfactory to EQBK that, as of the Effective Time, all Employee Plans of Community (other than such Employee Plans plans EQBK elects not to terminate) have been terminated in accordance with the terms of such Employee PlansPlans of Community, the Code, ERISA and all other applicable Laws on a basis satisfactory to EQBK in its reasonable discretion and that, to the extent required by the Employee Plans or applicable Law, affected participants have been notified of such terminationsterminations and/or integrations.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

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Termination of Employee Plans. EQBK having received evidence reasonably satisfactory to EQBK that, as of the Effective Time, all Employee Plans of KBC (other than such Employee Plans plans EQBK elects not to terminate) have been terminated in accordance with the terms of such Employee PlansPlans of KBC, the Code, ERISA and all other applicable Laws on a basis satisfactory to EQBK in its reasonable discretion and that, to the extent required by the Employee Plans or applicable Law, affected participants have been notified of such terminationsterminations and/or integrations.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Equity Bancshares Inc)

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