Common use of Employee Benefit Plans; New Hires; Pay Increases Clause in Contracts

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-level employee, pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), or, other than in the ordinary course of business consistent with past practices, increase the benefits, salaries or wage rates of its employees;

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-level employee, pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), or, other than in the ordinary course of business consistent with past practices, or increase the benefits, salaries or wage rates of its employees;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Staktek Holdings Inc)

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-level employee, pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), orincluding the Target Change of Control Bonus Payments, other than in and the ordinary course of business consistent with past practicesOption Cancellation Agreements, or increase the benefits, salaries or wage rates of its employeesemployees other than planned increases in the ordinary course of business;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Entorian Technologies Inc)

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-level employee, pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), oror materially increase the benefits, salaries or wage rates of its employees, other than in the ordinary course of business consistent with past practices, increase the benefits, salaries or wage rates of its employeespractice;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Pure Biofuels Corp)

Employee Benefit Plans; New Hires; Pay Increases. (i) Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or (ii) hire any new officer-level employee, or (iii) pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), or, other than in the ordinary course of business consistent with past practices, or increase the benefits, salaries or wage rates of its employees;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Packeteer Inc)

AutoNDA by SimpleDocs

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulationsLegal Requirements, or hire any new officer-level employee, pay any special discretionary bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof)benefit, or, other than in the ordinary course of business consistent with past practices, or increase the benefits, salaries or wage rates of its employeesemployees (except with respect to payments and benefits made pursuant to written agreements, including Target Employee Plans, outstanding on the Agreement Date);

Appears in 1 contract

Samples: Agreement and Plan of Merger (Nuvasive Inc)

Employee Benefit Plans; New Hires; Pay Increases. Amend any Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-level employee, pay any special discretionary bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereofhereof and listed in Section 3.22 of the Target Disclosure Schedule), oror increase the benefits, salaries or wage rates of its employees, other than in the ordinary course of business consistent with past practices, increase the benefits, salaries or wage rates of its employees;practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Green Dot Corp)

Employee Benefit Plans; New Hires; Pay Increases. Amend any ------------------------------------------------ Target Employee Plan or adopt any plan that would constitute a Target Employee Plan except in order to comply with applicable laws or regulations, or hire any new officer-officer level employee, pay any special bonus, special remuneration or special noncash benefit to any officer-level employee (except payments and benefits made pursuant to written agreements outstanding on the date hereof), or, other than in the ordinary course of business consistent with past practices, or increase the benefits, salaries or wage rates of its employeesemployees except in the ordinary course of business in accordance with its standard past practice;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Salon Com)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!