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 directors or 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: Merger Agreement (Parentech Inc), Merger Agreement (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech 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 Company plan or policy or otherwise) becoming due to any current or former directors or Parent Company Employees (defined in Section 2.19 below) of the ParentCompany, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by the ParentCompany, 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: Merger Agreement (Parentech Inc), Merger Agreement (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech 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 Company plan or policy or otherwise) becoming due to any current or former directors or Parent Company Employees (defined in Section 2.19 below) of the ParentCompany or any of its subsidiaries, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by the ParentCompany, 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: Merger Agreement (SSP Solutions Inc)

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