Common use of Change of Control Payments Clause in Contracts

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) to any stockholder, director, manager, member or employee of Seller from Seller becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Asset Purchase Agreement (Innerworkings Inc)

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Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachuteparachutes, bonus bonus, or otherwise) becoming due to any stockholderofficer, director, manager, member director or employee of Seller from Seller becoming dueEAST or any of its subsidiaries, materially increasing (ii) increase any benefits otherwise payable by EAST or acceleratingany of its subsidiaries or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Act Manufacturing Inc)

Change of Control Payments. Neither Except for the Transaction Bonus, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due from the Company to any stockholder, director, manager, member officer or employee of Seller from Seller becoming duethe Company, or any such payment materially increasing or acceleratingaccelerating (except as contemplated by this Agreement or the effect of which is contingent upon the consummation of the Merger).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Groupon, Inc.)

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachuteparachutes, bonus or otherwise) becoming due to any stockholderofficer, director, manager, member director or employee of Seller from Seller becoming dueWEST or any of its subsidiaries, materially increasing (ii) increase any benefits otherwise payable by WEST or acceleratingany of its subsidiaries or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Act Manufacturing Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the transactions contemplated hereby Transactions will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any stockholderofficer, director, managerindependent contractor, member consultant, agent or employee of Seller from Seller becoming due, materially increasing or acceleratingeither Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Presbia PLC)

Change of Control Payments. Neither Except as set forth in Schedule 2.26, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby Transaction will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any stockholder, director, manager, member director or employee of Seller the Company from Seller becoming duethe Company, materially increasing (ii) increase any benefits otherwise payable under any other Employee Benefit Plan, or accelerating(iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Stock Purchase Agreement (Electro Rent Corp)

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) to any stockholder, director, manager, member officer or employee of Seller the Company from Seller the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Stock Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the The execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will not (a) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any stockholder, director, manager, member director or employee of Seller any of the Companies from Seller becoming dueany of the Companies, (b) materially increasing increase any benefits otherwise payable under any Scheduled Plan or accelerating(c) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Purchase Agreement (Sonus Corp)

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Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) to any stockholder, director, manager, member or employee of Seller the Company from Seller the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby herein will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any stockholder, director, manager, member officer or employee of Seller the Company from Seller becoming duethe Company, (ii) materially increasing increase any benefits otherwise payable under any Employee Benefit Plan, or accelerating(iii) result in the acceleration of the time of payment or vesting of any benefits.

Appears in 1 contract

Samples: Stock Purchase Agreement (Viasoft Inc /De/)

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) to any stockholder, director, manager, member or employee of Seller the Company from Seller the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) to any stockholder, director, manager, member officer or employee of Seller any Company from Seller such Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Stock Purchase Agreement (Innerworkings Inc)

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