Common use of Benefit Arrangements Clause in Contracts

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entities) has been maintained in compliance with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to the Code.

Appears in 2 contracts

Samples: Stock Purchase Agreement (P F Changs China Bistro Inc), Stock Purchase Agreement (P F Changs China Bistro Inc)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entitiesto the Company) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to including, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 2 contracts

Samples: Merger Agreement (Check Point Software Technologies LTD), Merger Agreement (Mentor Graphics Corp)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entitiesto the Company) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to including, without limitation, the Code. Except as provided by law or in any employment agreement set forth on Schedule 3.19, the employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Merger Agreement (Network Appliance Inc)

Benefit Arrangements. Each To the knowledge of the Company, each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entitiesto the Company) presently complies and has been maintained in compliance in all material respects (x) with its terms and (y) with the requirements prescribed by any and all applicable statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to the Coderegulations.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Verticalnet Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate any Target (with respect to their relationship with such entities) has been maintained in compliance with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to without limitation the Code. Except as set forth in the Disclosure Schedule, and except as provided by law, the employment of all persons presently employed or retained by each Target is terminable at will.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Ambassadors International Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entities) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to including, without limitation, the Code. Except as provided by law or in any employment agreement set forth on Schedule 3.19, the employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Merger Agreement (Hanover Compressor Coc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship with such entities) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including but not limited to including, without limitation, the Code.

Appears in 1 contract

Samples: Merger Agreement (Cnet Networks Inc)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees Employees of the Company or a Company Affiliate (with respect to their relationship with such entitiesCompany) has been maintained in material compliance with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations Regulations which are applicable to such Benefit Arrangement, including but not limited to the Code. Except as set forth in Schedule 3.17, and except as provided by law, the employment of all persons presently employed or retained by Company is terminable at will at any time and without advance notice.

Appears in 1 contract

Samples: Merger Agreement (Unify Corp)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate Business Employees (with respect to their relationship with such entities) has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules Laws and regulations Court Orders which are applicable to such Benefit Arrangement, including but not limited to without limitation the Code. Except as set forth in the Disclosure Schedule, and except as provided by law, the employment of all Business Employees is terminable at will.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sigmatel Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate any Entity (with respect to their relationship with such entitiesthe Entity) has been maintained in compliance with its terms and with the requirements prescribed by any and all statutes, orders, rules Regulations and regulations Court Orders which are applicable to such Benefit Arrangement, including but not limited to including, without limitation, the Code. Except as set forth in the Disclosure Schedule, and except as provided by law, the employment of all persons presently employed or retained by the Partnerships is terminable at will.

Appears in 1 contract

Samples: Purchase Agreement (Coram Healthcare Corp)

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