Company Employee Agreement. “Company Employee Agreement” shall mean each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) an Acquired Corporation and (b) any Company Associate (other than any Company Associate that is part time or paid on an hourly basis), other than any such Contract that is terminable “at will” (or following a notice period of 90 days or less) without any obligation on the part of an Acquired Corporation to make any severance, termination, change in control or similar payment or to provide any benefit.
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Samples: Agreement and Plan of Merger (Merck & Co., Inc.), Agreement and Plan of Merger (Immune Design Corp.), Agreement and Plan of Merger (ConvergeOne Holdings, Inc.)
Company Employee Agreement. “Company Employee Agreement” shall mean each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) an Acquired Corporation any of the Opnext Corporations or any Company Affiliate; and (b) any Company Associate (other than any Company Associate that is part time or paid on an hourly basis)Associate, other than any such Contract that is terminable “at will” (or following a notice period of 90 days or lessimposed by applicable Legal Requirements) without any obligation on the part of an Acquired any Opnext Corporation or any Company Affiliate to make any severance, termination, change in control or similar payment or to provide any benefit.
Appears in 2 contracts
Samples: Agreement and Plan of Merger and Reorganization (Opnext Inc), Agreement and Plan of Merger and Reorganization (Oclaro, Inc.)
Company Employee Agreement. “Company Employee Agreement” shall mean each management, employment, severance, termination pay, stay-bonus, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) an any of the Acquired Corporation Corporations; and (b) any Company Associate (other than any Company Associate that is part time or paid on an hourly basis)Associate, other than any such Contract that is terminable “at will” (or following a notice period of 90 days or lessimposed by applicable Legal Requirements) without any contractual obligation on the part of an any Acquired Corporation to make any severance, termination, change in control or similar payment or to provide any benefit.
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Company Employee Agreement. “Company Employee Agreement” shall mean each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) an Acquired Corporation any of the Company Entities or any Company Affiliate; and (b) any Company Associate (other than any Company Associate that is part time or paid on an hourly basis)Associate, other than any such Contract that is terminable “at will” or upon no more than 30 days prior notice (or following a notice period of 90 days or lessimposed by applicable Legal Requirements) without any obligation on the part of an Acquired Corporation any Company Entity to make any severance, termination, change in control or similar payment or to provide any benefittax gross ups.
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