Examples of Post-Closing Transition Period in a sentence
If Busey Bank terminates Employee’s employment prior to the end of the Post-Closing Transition Period, Busey Bank shall pay the Retention Bonus if the termination is other than for disciplinary or unsatisfactory performance reasons in accordance with the provisions of First Busey’s personnel manual.
Subject to receipt of the Release, Busey Bank shall pay to Employee the Retention Bonus described in this Section 3 at the next regularly scheduled Busey Bank payday administratively feasible following the Effective Date of the Release (as defined in the Release); provided, however, that if the end of the Post-Closing Transition Period occurs on or after November 1, 2016, then the Retention Bonus shall be paid on the first Busey Bank payday following January 1, 2017.
The Pre-Closing Transition Period and the Post-Closing Transition Period are collectively referred to herein as the “Transition Periods”).
Buyer shall maintain the employment of any such employees actually employed by Buyer for the duration of the Post-Closing Transition Period, provided, however, that Buyer may terminate the employment of any such employee for cause.
After the Post-Closing Transition Period, at the Buyer’s sole and absolute discretion, Buyer intends to offer employment, on an “at will” basis, to the Chief Operating Officer of the Seller (with the position of “Regional Director”) and certain business development and franchise sales personnel designated by the Buyer at its sole discretion (collectively, the “Designated Employees”).
After the Post-Closing Transition Period, at the Buyer’s sole and absolute discretion, Buyer may offer employment, on an “at will” basis, to personnel of Seller as designated by Buyer at its sole discretion.
Busey Bank shall pay to Employee $35,000 (the “Retention Bonus”) contingent upon Employee continuing to work for Pulaski Bank and/or Busey Bank until the end of the Post-Closing Transition Period and executing and not revoking the Release and Waiver Agreement attached as Exhibit A (the “Release”).
If Busey Bank terminates Executive’s employment prior to the end of the Post-Closing Transition Period, Busey Bank shall pay the Retention Bonus if the termination is other than for Cause (as defined below).
Busey Bank shall pay to Employee $20,000 (the “Retention Bonus”) contingent upon Employee continuing to work for Pulaski Bank and/or Busey Bank until the end of the Post-Closing Transition Period and executing and not revoking the Release and Waiver Agreement attached as Exhibit A (the “Release”).
Subject to receipt of the Release, Busey Bank shall pay to Executive the Retention Bonus described in this Section 3 at the next regularly scheduled Busey Bank payday administratively feasible following the Effective Date of the Release (as defined in the Release); provided, however, that if the end of the Post-Closing Transition Period occurs on or after November 1, 2016, then the Retention Bonus shall be paid on the first Busey Bank payday following January 1, 2017.