Certain Benefit Plans. Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company to participate in the benefit programs of Parent, or alternative benefits programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Netscape Communications Corp), Agreement and Plan of Reorganization (Netscape Communications Corp)
Certain Benefit Plans. Following the Effective Time, Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company to participate in the benefit programs of Parent, or alternative benefits benefit programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time.
Appears in 1 contract
Samples: Merger Agreement (Ednet Inc)
Certain Benefit Plans. Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company as of the Effective Time to participate in the benefit programs of Parent, or alternative benefits programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Storage Computer Corp)
Certain Benefit Plans. Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company to participate in the benefit programs of Parent, or alternative benefits benefit programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Epic Design Technology Inc /Ca/)
Certain Benefit Plans. Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company to participate in the benefit programs of Parent, or alternative benefits programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time. For purposes of satisfying the terms and conditions of such programs, Parent shall give full credit for eligibility, vesting or benefit accrual for each participant's period of service with the Company.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Sanctuary Woods Multimedia Corp)
Certain Benefit Plans. Parent shall take such reasonable actions as are necessary to allow eligible employees of the Company that are hired by Parent as of the Effective Time to participate in the benefit programs of Parent, or alternative benefits programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective Time.
Appears in 1 contract
Certain Benefit Plans. Parent shall take such reasonable actions as --------------------- are necessary to allow eligible employees of the Company to participate in the benefit programs of Parent, or alternative benefits programs substantially comparable to those applicable to employees of Parent on similar terms, as soon as practicable after the Effective TimeTime (provided, however, that the foregoing shall not require any new options granted by Parent to employees of the Company to be Incentive Stock Option).
Appears in 1 contract
Samples: Merger Agreement (Cirrus Logic Inc)
