Common use of Allocation of Employees Clause in Contracts

Allocation of Employees. Each Bank Party shall be allocated responsibility for the individual Bank Employees, including without limitation the Assumed Severance Obligations and continued coverage insurance plans related to the individual Bank Employees allocated to it, in accordance with Schedule 4.1.

Appears in 1 contract

Sources: Asset and Liability Allocation Agreement (Westbank Corp)

Allocation of Employees. Each Bank Party shall be allocated ----------------------- responsibility for the individual Bank Employees, including without limitation the Assumed Severance Obligations and continued coverage insurance plans related to the individual Bank Employees allocated to it, in accordance with Schedule 4.1.. ------------

Appears in 1 contract

Sources: Asset and Liability Allocation Agreement (New Hampshire Thrift Bancshares Inc)