Benefits Changes. The Company shall not, and shall not permit any of its subsidiaries to, (i) increase the compensation or benefits of any director, officer or employee, except for increases in the ordinary course that are consistent with past practice, (ii) adopt any amendment to a Benefit Plan that materially increases the cost thereof, (iii) enter into any employment or consulting agreement with any director, officer or employee or (iv) accelerate the payment of compensation or benefits to any director, officer or employee.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (International Business Machines Corp), Agreement and Plan of Merger (Software Artistry Inc)
Benefits Changes. The Company shall not, and shall not permit any of its subsidiaries Subsidiaries to, (i) increase the compensation or benefits of any director, officer or employee, except for increases in the ordinary course that are consistent with past practice, (ii) adopt any amendment to a Benefit Plan benefit plan that materially increases the cost thereof, (iii) enter into any employment or consulting agreement with any director, officer or employee or (iv) accelerate the payment of compensation or benefits to any director, officer or employee.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Norstan Inc), _________________________________________ Stock Purchase Agreement (Netwolves Corp)
