Common use of Employee Benefit Arrangements Clause in Contracts

Employee Benefit Arrangements. (a) Merger Sub agrees that the Company and the Company Subsidiaries will honor, and, from and after the Effective Time, the Surviving Corporation will honor, in accordance with their respective terms as in effect on the date hereof, the employment, severance and bonus agreements and arrangements to which the Company and the Company Subsidiaries, as applicable, are a party and which are set forth on Schedule 3.10.

Appears in 3 contracts

Samples: Agreement and Plan of Merger and Recapitalization (Wilmar Industries Inc), Agreement and Plan of Merger and Recapitalization (Green William S), Agreement and Plan of Merger and Recapitalization (Parthanon Investors Lp)

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Employee Benefit Arrangements. (a) Merger Sub agrees that the Company and the Company Subsidiaries will honor, and, from and after the Effective Time, the Surviving Corporation will honor, in accordance with their respective terms as in effect on the date hereof, the employment, severance and fiscal year 2007 bonus agreements and arrangements to which the Company and the Company Subsidiaries, as applicable, are a party and which are set forth on Schedule 3.10Section 5.15(a) of the Company Disclosure Letter.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eppendorf INC), Agreement and Plan of Merger (New Brunswick Scientific Co Inc)

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