Certain Employee Payments. Parent is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of Parent of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a "parachute payment" (within the meaning of Section 280G of the Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 20 contracts
Samples: Acquisition Agreement (Monster Offers), Share Exchange Agreement (EZJR, Inc.), Merger Agreement (Premier Document Services Inc)
Certain Employee Payments. Parent is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of Parent of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (ia) such payment, acceleration or provision would constitute a "“parachute payment" ” (within the meaning of Section 280G of the Code), or (iib) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 8 contracts
Samples: Merger Agreement (Synergy CHC Corp.), Merger Agreement (Synergy CHC Corp.), Merger Agreement (RMR Industrials, Inc.)
Certain Employee Payments. The Parent is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of the Parent of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a "“parachute payment" ” (within the meaning of Section 280G of the Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 6 contracts
Samples: Merger Agreement (Designer Export, Inc), Merger Agreement (SN Strategies Corp.), Merger Agreement (China Executive Education Corp)
Certain Employee Payments. Parent is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of Parent of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a "“parachute payment" ” (within the meaning of Section 280G of the Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 1 contract
Samples: Stock Purchase Agreement (Aspen Racing Stables. Inc.)
Certain Employee Payments. Parent is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of Parent of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not not
(i) such payment, acceleration or provision would constitute a "parachute payment" (within the meaning of Section 280G of the Code), or or
(ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 1 contract
