Benefit Plans and Employee Matters. (a) Purchaser shall to the extent practicable cause the Surviving Corporation to provide employee benefits and programs to the Company's and the Company Subsidiaries' employees that, in the aggregate, are substantially comparable to those of Purchaser. From and after the Effective Time, Purchaser shall honor, in accordance with their terms, all employment and severance agreements in effect immediately prior to the Closing Date that are applicable to any current or former employees or directors of the Company or any Company Subsidiaries.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Landrys Seafood Restaurants Inc), Agreement and Plan of Merger (Schussler Steven W), Agreement and Plan of Merger (Rainforest Cafe Inc)
