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 payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Medicus or any of its subsidiaries, (ii) materially increase any benefits otherwise payable by Medicus or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Quadramed Corp), Merger Agreement (Quadramed Corp), Agreement and Plan of Reorganization (Medicus Systems Corp /De/)

AutoNDA by SimpleDocs

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 payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any director or employee of Medicus Target, or any of its subsidiaries, (ii) materially increase any benefits otherwise payable by Medicus Target or any Subsidiary or (iii) 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 (Softnet Systems Inc)

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