Common use of Certain Employee Agreements Clause in Contracts

Certain Employee Agreements. Subject to Section 6.15 hereof, the Surviving Corporation shall honor, without modification, all contracts, agreements, collective bargaining agreements and commitments of the parties prior to the date hereof which apply to any current or former employee or current or former director of the Company; provided, however, that the foregoing shall not prevent the Surviving Corporation or its Subsidiaries from enforcing such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, any reserved right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment.

Appears in 3 contracts

Samples: Merger Agreement (Mattson Technology Inc), Merger Agreement (CFM Technologies Inc), Merger Agreement (CFM Technologies Inc)

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Certain Employee Agreements. Subject to Section 6.15 hereof6.14, Parent and the Surviving Corporation and its subsidiaries shall honor, without modification, all contracts, agreements, collective bargaining agreements and commitments of the parties prior to the date hereof which apply to any current or former employee or current or former director of the Companyparties hereto; provided, however, that the foregoing shall not prevent Parent or the Surviving Corporation or its Subsidiaries from enforcing such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, any reserved right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment.

Appears in 2 contracts

Samples: Merger Agreement (Energy East Corp), Merger Agreement (Central Maine Power Co)

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