Common use of TERMS AND CONDITIONS OF OFFER Clause in Contracts

TERMS AND CONDITIONS OF OFFER. Any Branch Employee who is offered employment with Purchaser as provided in Section 8.4(a) shall be offered the following terms and conditions: (i) A rate of base salary at least equivalent to the rate of base salary paid by Seller to such Branch Employee for the 2009 calendar year (which base salary amounts are set forth on Schedule 8.4(b)(i)); provided, however, if such base salary is increased as permitted under Section 7.1(b)(i) of this Agreement, such increased base salary shall replace the base salary set forth on Schedule 8.4(b)(i) for purposes of the offer of employment; (ii) A position at a work location that is not more than 25 miles from the Branch Employee’s work location on the Business Day prior to the Closing Date and with a status of full or part-time that is the same as that in effect on the Business Day prior to the Closing Date; and (iii) Employee benefits consistent with Sections 8.4(c), (d) and (e) below.

TERMS AND CONDITIONS OF OFFER. Any Branch Employee who is offered employment with Purchaser as provided in Section 8.4(a) shall be offered the following terms and conditions: (i) A rate of base salary at least equivalent to the rate of base salary paid by Seller Republic Bank to such Branch Employee for the 2009 2006 calendar year (which base salary amounts are set forth on Schedule 8.4(b)(i)); provided, however, if such base salary is increased as permitted under Section 7.1(b)(i) of this Agreement, such increased base salary shall replace the base salary set forth on Schedule 8.4(b)(i) for purposes of the offer of employment; (ii) A position at a work location that is not more than 25 50 miles from the Branch Employee’s work location on the Business Day prior to the Closing Date and with a status of full or part-time that is the same as that in effect on the Business Day prior to the Closing Date; and (iii) Employee benefits consistent with Sections 8.4(c), (d) and (e) below.