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 Company plan or policy or otherwise) becoming due to any current or former directors or Company Employees (defined in Section 2.19 below) of the Company, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by the Company, 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)

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 entitlement, payment or benefit (including, without limitation, severance, unemployment compensation, golden parachute, bonus or benefit under any Company plan or policy or otherwise) becoming due to any current or former directors or Company Employees (defined in Section 2.19 below) of the CompanyCompany or any of its subsidiaries, (ii) increase the amount of any entitlements, payments or benefits otherwise payable by the Company, 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 (SSP Solutions Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.