Certain Employee Payments. CANNAVOLVE is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of CANNAVOLVE of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director, except for Exxx Xxxxxx’x Employment Agreement by which he will be employed by INTB on a full-time basis, overseeing INTB’s operations in Jamaica), and Dxxxx Xxxxx’ Employment Agreement. Both Sxxxxx’x and Jxxxx’ Employment Agreements have previously been provided to INTB There are no other agreements which could (i) constitute a "parachute payment" (within the meaning of Section 280G of the Internal Revenue Code), or (ii) result in some other subsequent action or event that would be required to cause such payment, acceleration or provision to be triggered.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Intelligent Buying, Inc.), Second Amended Agreement and Plan of Reorganization (Intelligent Buying, Inc.), Agreement and Plan of Reorganization (Intelligent Buying, Inc.)
