Certain Agreements Affected by the Merger. Except as provided in ----------------------------------------- the employment agreements referenced in Section 5.9(f), at the Closing neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will: (i) result in any payment (including severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any, current or former, director or employee or service provider of Company or any of its subsidiaries; (ii) materially increase any benefits otherwise payable by Company or its Subsidiaries; or (iii) result in the acceleration of the time of payment or vesting of any such benefits.
Appears in 3 contracts
Samples: Merger Agreement (Credence Systems Corp), Merger Agreement (Integrated Measurement Systems Inc /Or/), Merger Agreement (Credence Systems Corp)
Certain Agreements Affected by the Merger. Except At the Closing, except as provided in ----------------------------------------- the employment agreements referenced set forth in Section 5.9(f)2.17 of the Company Disclosure Schedule, at the Closing neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will: (i) result in any payment (including severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any, current or former, director or employee or service provider of the Company or any of its subsidiariesSubsidiaries; (ii) materially increase any benefits otherwise payable by the Company or its Subsidiaries; or (iii) result in the acceleration of the time of payment or vesting of any such benefits.
Appears in 2 contracts
Samples: Merger Agreement (Copper Mountain Networks Inc), Merger Agreement (Tut Systems Inc)