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 (with respect to their relationship to 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, 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: Agreement and Plan of Merger (Check Point Software Technologies LTD), Agreement and Plan of Merger (Mentor Graphics Corp)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to 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, without limitation, the Code. The 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 2 contracts

Samples: Agreement and Plan of Merger (Varian Medical Systems Inc), Agreement and Plan of Merger (Guitar Center 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 to the Companywith 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, without limitation, including but not limited to the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 2 contracts

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

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company any Target (with respect to their relationship to the Companywith 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, including without limitation, limitation the Code. The 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 Company 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 any Entity (with respect to their relationship to with the CompanyEntity) 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 Regulations and regulations Court Orders which are applicable to such Benefit Arrangement, including, without limitation, the Code. The 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 Company Partnerships is terminable at will.

Appears in 1 contract

Samples: Purchase Agreement (Coram Healthcare Corp)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to 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, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Employment Agreement (Cnet Networks Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to 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, without limitation, the Code. The 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: Agreement and Plan of Merger (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 (with respect to their relationship to 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, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at willregulations.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Verticalnet Inc)

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