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

Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 of the Target Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its Subsidiaries, (ii) materially increase any benefits otherwise payable by Target, or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 4 contracts

Samples: Merger Agreement (Euniverse Inc), Merger Agreement (Euniverse Inc), Merger Agreement (L90 Inc)

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Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 disclosed on SECTION 2.22 of the Target Disclosure Schedule, Schedule neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its SubsidiariesTarget, (ii) materially increase any benefits otherwise payable by Target, Target or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Ophthalmic Imaging Systems Inc), Merger Agreement (Premier Laser Systems Inc)

Certain Agreements Affected by the Merger. Except as set forth in on Section 2.17 of the Target Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (ia) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its SubsidiariesTarget, (iib) materially increase any benefits otherwise payable by Target, Target or (iiic) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Merger Agreement (Netlibrary Inc)

Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 of Neither the Target Disclosure Schedule, neither the ----------------------------------------- execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) except as set forth in Section 2.17 of the Target Disclosure Schedule, result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its SubsidiariesTarget, (ii) materially increase any benefits otherwise payable by Target, or (iii) except as set forth in Section 2.17 of the Target Disclosure Schedule, result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netcentives Inc)

Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 of on the Target Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its SubsidiariesTarget, (ii) materially increase any benefits otherwise payable by Target, or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Merger Agreement (Deltagen Inc)

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Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 of the Target Disclosure Scheduleon Schedule 3.15, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, including severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Target or any of its Subsidiaries, (ii) materially increase any benefits otherwise payable by Target, or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Merger Agreement (Old Guard Group Inc)

Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 2.16 of the Target Disclosure Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (ia) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director director, employee or employee consultant of Target or any of its the Target Subsidiaries, (iib) materially increase any benefits otherwise payable by Target, or any of the Target Subsidiaries or (iiic) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Merger Agreement (Covista Communications Inc)

Certain Agreements Affected by the Merger. Except as set forth in Section 2.17 2.16 of the Target Disclosure ------------ Schedule, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (ia) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director director, employee or employee consultant of Target or any of its the Target Subsidiaries, (iib) materially increase any benefits otherwise payable by Target, or any of the Target Subsidiaries or (iiic) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Capsule Communications Inc De)

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