Blue River definition
Examples of Blue River in a sentence
Following the Effective Time, Blue River agrees to cause SCSB to assume all obligations under the Employment Agreements, as amended pursuant to Section 6.11 hereof, except as may be otherwise required by law or any government agency or authority.
This Agreement constitutes a valid and binding obligation of Blue River and is enforceable in accordance with its terms, except to the extent limited by general principles of equity and public policy and by bankruptcy, insolvency, fraudulent transfer, reorganization, liquidation, moratorium, readjustment of debt or other laws of general application relating to or affecting the enforcement of creditors' rights.
Notwithstanding the foregoing or anything herein to the contrary, Blue River shall not be obligated to provide any employee benefit plans to employees of SCSB following the Merger who meet the applicable eligible requirements except for the Blue River Profit Sharing Plan (as hereinafter defined) and group health and hospitalization insurance.
The Articles of Incorporation and By-Laws of Blue River in effect as of the date of this Agreement have been delivered to Shelby County and represent true, accurate and complete copies of such corporate documents of Blue River in effect as of the date of this Agreement.
Upon the terms and subject to the conditions specified in this Agreement, the Merger shall become effective at the time specified in the Articles of Merger of Shelby County with and into Blue River as filed with the Indiana Secretary of State ("Effective Time").
Blue River is a corporation duly organized and validly existing under the laws of the State of Indiana and has full power and authority (corporate and otherwise) to own and lease its properties as presently owned and leased and to conduct its business in the manner and by the means utilized as of the date hereof.
Years of service, as defined in the applicable Blue River employee welfare or pension benefit plan, with SCSB prior to the Effective Time shall be credited to each employee of SCSB eligible for coverage under Section 7.03(a) hereof for purposes of (i) eligibility under Blue River's employee welfare benefit plans; and (ii) eligibility and vesting, but not for purposes of benefit accrual or contributions, under the Blue River Employees' Savings and Profit Sharing Plan ("Blue River Profit Sharing Plan").
The Board of Directors of SCSB following the Effective Time, until such time as their respective successors have been elected and qualified, shall consist of those persons who are serving as directors of Blue River immediately prior to the Effective Time.
The Articles of Incorporation and By-Laws of Blue River in existence at the Effective Time shall be the Articles of Incorporation and By-Laws of the Surviving Corporation following the Effective Time until such Articles of Incorporation and By-Laws shall be amended as provided by applicable law.
Upon consummation of the Merger, SCSB shall be a wholly-owned subsidiary of Blue River.