Common use of Effect of Transaction Clause in Contracts

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Artisan Components Inc), Agreement and Plan of Merger (Netrix Corp), Agreement and Plan of Reorganization (Network Associates Inc)

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Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Employment Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 3 contracts

Samples: Offer Agreement (Hewlett Packard Co), Offer Agreement (Hewlett Packard Co), Agreement and Plan of Reorganization (Virage Logic Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Schedule 2.23(h)(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Triangle Pharmaceuticals Inc), Agreement and Plan of Reorganization (Storage Computer Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby Transactions will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Employment Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Electronic Clearing House Inc), Agreement and Plan of Merger (Electronic Clearing House Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Schedule 2.11(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Employment Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Accord Networks LTD), Agreement and Plan of Merger and Reorganization (Polycom Inc)

Effect of Transaction. (i) Except as provided set forth in Section 1.6 2.11(i) of this Agreementthe Company Schedule, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Informix Corp), Agreement and Plan of Reorganization (Informix Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan constitute an event that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Asset Purchase Agreement (Peregrine Systems Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Schedule 2.12(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Deltapoint Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any EmployeeContinuing Employee by Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fairpoint Communications Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementcontemplated by the Agreement and the Related Agreements, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Commerce One Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company GeoCities Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yahoo Inc)

Effect of Transaction. (i) Except as provided set forth in Section 1.6 2.24(i) of this Agreementthe Disclosure Schedule, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Star Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Coherent Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on SCHEDULE 2.20(i)(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netscape Communications Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute (i) an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits or (ii) be deemed a "parachute payment" under Section 280G of the Code with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Brocade Communications Systems Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on SCHEDULE 2.20(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Polycom Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on SCHEDULE 2.20(c)(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee AgreementBenefit Arrangement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Share Purchase Agreement (Zapme Corp)

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Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust Agreement or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Scansoft Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementcontemplated by Sections 5.20 and 5.21, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Employment Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Peregrine Systems Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the 2.20.8.1. The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Data Dimensions Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Company Schedule 2.20(h), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netscape Communications Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on SCHEDULE 2.20(i)(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Netscape Communications Corp)

Effect of Transaction. (i) Except as provided set forth in Section 1.6 of this Agreementthe Disclosure Letter, the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Sand Employee Plan, Sand Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Sand Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Insilicon Corp)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreement, the The execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee, except as expressly required by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Probusiness Services Inc)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Schedule 2.11(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Employee Employment Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Appnet Inc /De/)

Effect of Transaction. (i) Except as provided in Section 1.6 of this Agreementset forth on Schedule 2.20(i)(i), the execution of this Agreement and the consummation of the transactions contemplated hereby will not (either alone or upon the occurrence of any additional or subsequent events) constitute an event under any Company Employee Plan, Company Employee Agreement, trust or loan that will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Company Employee.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Healtheon Corp)

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