Common use of No Acceleration or Creation of Rights Clause in Contracts

No Acceleration or Creation of Rights. Neither ------------------------------------- the execution and delivery of this Agreement by the Companies nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan.

Appears in 2 contracts

Samples: Acquisition Agreement (Smithfield Foods Inc), Acquisition Agreement (Smithfield Foods Inc)

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No Acceleration or Creation of Rights. Neither ------------------------------------- the execution and delivery of this Agreement or other related agreements by the Companies Company nor the consummation of the transactions contemplated hereby or the related transactions will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan.

Appears in 2 contracts

Samples: Stock Purchase Agreement (P F Changs China Bistro Inc), Stock Purchase Agreement (P F Changs China Bistro Inc)

No Acceleration or Creation of Rights. Neither ------------------------------------- the execution and delivery of this Agreement by the Companies nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan.

Appears in 1 contract

Samples: Acquisition Agreement (Smithfield Foods Inc)

No Acceleration or Creation of Rights. Neither ------------------------------------- the execution and ------------------------------------- delivery of this Agreement by the Companies Purchaser nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan, except as specified in Section 6.12.

Appears in 1 contract

Samples: Stock Purchase Agreement (Mercury General Corp)

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No Acceleration or Creation of Rights. Neither ------------------------------------- Except as disclosed on Schedule 4.13, neither the execution and delivery of this Agreement by the Companies Company nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan.

Appears in 1 contract

Samples: Securities Purchase Agreement (Kitty Hawk Inc)

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