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

Employee Benefit Plans; Pay Increases. adopt or amend any employee benefit or stock purchase or option plan, pay any special bonus or special remuneration to any employees or consultants or directors except in accordance with commitments in effect as of the date of this Agreement, or increase the salaries, wage rates, target incentive percentages or fringe benefits or otherwise increase the benefits of its employees or consultants or directors, except, in each case, for any amendments to any Company Employee Plan that may be required by applicable law.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Copper Mountain Networks Inc), Agreement and Plan of Merger and Reorganization (Tut Systems Inc)

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Employee Benefit Plans; Pay Increases. adopt Adopt, amend, fund or amend accelerate payment under any employee benefit benefit, incentive compensation, fringe benefit, retention, stock purchase, option, or stock purchase or option other equity based plan, program, agreement or arrangement, or pay any special bonus or special remuneration to any employees current or consultants former employee, consultant or directors except in accordance with commitments in effect as of the date of this Agreement, director or increase the salaries, wage rates, target incentive percentages rates or fringe benefits or otherwise increase the other benefits of its employees or consultants or directorsexecutive employees, exceptexcept pursuant to agreements outstanding on the date hereof, in each case, for any amendments the ordinary course of business consistent with past practice or pursuant to any Company the Aggregate Employee Plan that may be required by applicable law.Bonus;

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Flir Systems Inc)

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Employee Benefit Plans; Pay Increases. Establish, adopt or amend any employee benefit or stock purchase or option plan, pay any special bonus or special remuneration to make any employees profit-sharing or consultants or directors except in accordance with commitments in effect as of the date of this Agreementsimilar payment to, or increase the salariesamount of the wages, wage ratessalary, target incentive percentages or commissions, fringe benefits or otherwise increase the benefits other compensation or remuneration payable to, any of its employees or consultants or directors, except, in each case, for any amendments to any Company Employee Plan that may be officers or employees except as required by applicable law.law or in the ordinary course of business; provided, however, that the Company will be permitted to take the actions contemplated by Section 4.1(g) of the Company Disclosure Schedule;

Appears in 1 contract

Samples: Agreement and Plan of Share Exchange (Cellegy Pharmaceuticals Inc)

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