Common use of Certain Agreements Affected by the Merger Clause in Contracts

Certain Agreements Affected by the Merger. Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby will (i) result in any entitlement, payment or benefit (including, without limitation, severance, unemployment compensation, golden parachute, bonus or benefit under any Parent plan or policy or otherwise) becoming due to any current or former director or employee of Parent, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by Parent, or (iii) result in the acceleration of the time of payment or vesting of any such entitlements, payments or benefits.

Appears in 8 contracts

Samples: Agreement and Plan of Merger and Reorganization (Saflink Corp), Agreement and Plan of Merger and Reorganization (Dairy Fresh Farms Inc.), Agreement and Plan of Merger (GMS Capital Corp.)

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Certain Agreements Affected by the Merger. Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby will (i) result in any entitlement, payment or benefit (including, without limitation, severance, unemployment compensation, golden parachute, bonus or benefit under any Parent plan or policy or otherwise) becoming due to any current or former director directors or employee Parent Employees (defined in Section 2.19 below) of the Parent, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by the Parent, or (iii) result in the acceleration of the time of payment or vesting of any such entitlements, payments or benefits.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Reorganization (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech Inc)

Certain Agreements Affected by the Merger. Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby will (i) result in any entitlement, payment or benefit (including, without limitation, severance, unemployment compensation, golden parachute, bonus or benefit under any Parent or Parent subsidiary plan or policy or otherwise) becoming due to any current or former director or employee of ParentParent or any of its subsidiaries, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by Parent, or (iii) result in the acceleration of the time of payment or vesting of any such entitlements, payments or benefits.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Saflink Corp), Agreement and Plan of Merger and Reorganization (SSP Solutions Inc)

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Certain Agreements Affected by the Merger. Neither the execution and delivery of this Agreement nor the consummation of the transaction contemplated hereby will (i) result in any entitlement, payment or benefit (including, without limitation, severance, unemployment compensation, golden parachute, bonus or benefit under any Parent Millennium plan or policy or otherwise) becoming due to any current or former director or employee of ParentMillennium, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by ParentMillennium, or (iii) result in the acceleration of the time of payment or vesting of any such entitlements, payments or benefits.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Millennium Capital Venture Holdings Inc)

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