Common use of Compensation and Loans Clause in Contracts

Compensation and Loans. Except as disclosed in Schedule 3.17, ------------------------ since December 31, 2000 there have been, and on the Closing Date there will be (i) no bonuses or unusual compensation to any of the officers or directors of the Company which are inconsistent with past practices, (ii) no loans made to any of the officers or directors of the Company, (iii) except as may be consistent with past practices, no dividends or other distributions declared or paid by the Company, and (iv) no repurchase by the Company of any of its shares of capital stock.

Appears in 2 contracts

Samples: Agreement of Stock (Triple S Parts Inc /Nv/), Agreement of Stock (Triple S Parts Inc /Nv/)

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Compensation and Loans. Except as disclosed in Schedule 3.17, ------------------------ since ------------------------------ December 31, 2000 2001 there have been, and on the Closing Date there will be (i) no bonuses or unusual compensation to any of the officers or directors of the Company which are inconsistent with past practices, (ii) no loans made to any of the officers or directors of the Company, (iii) except as may be consistent with past practices, no dividends or other distributions declared or paid by the Company, and (iv) no repurchase by the Company of any of its shares of capital stock.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sunrise Usa Inc)

Compensation and Loans. Except as disclosed in Schedule 3.17, ------------------------ since December March 31, 2000 there have been, and on the Closing Date there will be (i) no bonuses or unusual compensation to any of the officers or directors of the Company which are inconsistent with past practices, (ii) no loans made to any of the officers or directors of the Company, (iii) except as may be consistent with past practices, no dividends or other distributions declared or paid by the Company, and (iv) no repurchase by the Company of any of its shares of capital stock.

Appears in 1 contract

Samples: Agreement of Stock Exchange (Adva International Inc)

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Compensation and Loans. Except as disclosed in Schedule 3.17, ------------------------ since December 31, 2000 there have been, and on the Closing Date there will be (i) no bonuses or unusual compensation to any of the officers or directors of the Company which are inconsistent with past practices, (ii) no loans made to any of the officers or directors of the Company, (iii) except as may be consistent with past practices, no dividends or other distributions declared or paid by the Company, and (iv) no repurchase by the Company of any of its shares of capital stock.

Appears in 1 contract

Samples: Agreement of Stock Exchange (Booth Charles Inc)

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