Certain Employee Benefit Matters. From and after the Effective Time, employees of Target at the Effective Time will be provided with employee benefits by the Surviving Corporation or Acquiror which in the aggregate are no less favorable to such employees than those provided from time to time by Acquiror to its similarly situated employees. If any employee of Target becomes a participant in any employee benefit plan, program, policy or arrangement of Acquiror, such employee shall be given credit for all service prior to the Effective Time with Target to the extent permissible under such plan, program, policy or arrangement.
Appears in 2 contracts
Samples: Merger Agreement (Yahoo Inc), Merger Agreement (Yahoo Inc)
Certain Employee Benefit Matters. From and after the -------------------------------- Effective Time, employees of Target at the Effective Time will be provided with employee benefits by the Surviving Corporation or Acquiror which in the aggregate are no less favorable to such employees than those provided from time to time by Acquiror to its similarly situated employees. If any employee of Target becomes a participant in any employee benefit plan, program, policy or arrangement of Acquiror, such employee shall be given credit for all service prior to the Effective Time with Target to the extent permissible under such plan, program, policy or arrangement.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Metawave Communications Corp)
Certain Employee Benefit Matters. From and after the Effective Time, the employees of Target at the Effective Time selected to continue employment will be provided with employee benefits by the Surviving Corporation or Acquiror which in are substantially similar to the aggregate are no less favorable to such employees than those benefits provided from time to time by Acquiror to its similarly situated employees. If any employee of Target becomes a participant in any employee benefit plan, program, policy or arrangement of Acquiror, such employee shall be given credit for all service prior to the Effective Time with Target to the extent permissible provided under such plan, program, policy or arrangement.
Appears in 1 contract
Samples: Merger Agreement (Durect Corp)
Certain Employee Benefit Matters. From and after the Effective Time, employees of Target at the Effective Time (each, an "TARGET EMPLOYEE") will be provided with employee benefits by the Surviving Corporation or Acquiror HearMe which in the aggregate are no less favorable to such employees than those provided from time to time by Acquiror HearMe to its similarly situated employees. If any employee of Target becomes a participant in any employee benefit plan, program, policy or arrangement of AcquirorHearMe, such employee shall be given credit for all service prior to the Effective Time with Target to the extent permissible under such plan, program, policy or arrangement.
Appears in 1 contract
Samples: Merger Agreement (Hearme)
Certain Employee Benefit Matters. From and after the Effective Time, employees of Target at the Effective Time will be provided with employee benefits by the Surviving Corporation or Acquiror which in the aggregate are no less favorable to such employees than those provided from time to time by Acquiror to its similarly situated employees. If any employee of Target becomes a participant in any employee benefit plan, program, policy or arrangement of Acquiror, such employee shall be given credit for all service prior to the Effective Time with Target to the extent permissible under such plan, program, policy or arrangement.
Appears in 1 contract
Samples: Merger Agreement (Emusic Com Inc)