Common use of Certain Advances Clause in Contracts

Certain Advances. Other than as set forth on Schedule 2.18, there are no receivables of the Company owing by directors, officers, employees, consultants or shareholders of Company or Seller, or owing by any Affiliate of any director or officer of Company or Seller, other than advances in the ordinary course of business to officers, employees or consultants for reimbursable business expenses, and advances to employees for reimbursable personal expenses not exceeding $25,000 in the aggregate.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Protective Life Insurance Co), Stock Purchase Agreement (Torchmark Corp)

AutoNDA by SimpleDocs

Certain Advances. Other than Except as set forth on in Schedule 2.183.21, there are no receivables of the Company owing by from directors, officers, employees, consultants or shareholders stockholders of Company or SellerCompany, or owing by any Affiliate of any director or officer of Company or SellerCompany, other than advances in the ordinary and usual course of business to officers, officers and employees or consultants for reimbursable business expenses, and advances to employees expenses which are not in excess of $5,000 for reimbursable personal expenses not exceeding $25,000 in the aggregateany one individual.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vina Technologies Inc), Agreement and Plan of Merger (Vina Technologies Inc)

AutoNDA by SimpleDocs

Certain Advances. Other than Except as set forth disclosed on Schedule 2.18Section 4.22 of the Disclosure Schedule, there are no receivables of the Company owing by from directors, officers, employees, consultants or shareholders of the Company or Seller, or owing by any Affiliate of affiliate or any director or officer of Company or Sellerthe Company, other than advances in the ordinary course of business consistent with past practice to officers, officers and employees or consultants for reimbursable business expenses, and advances to employees expenses which are not in excess of $5,000 for reimbursable personal expenses not exceeding $25,000 in the aggregateany one individual.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sigma Designs Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!