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

No Acceleration or Creation of Rights. Except as set forth on Schedule 5.13(d), neither the execution and delivery of this Agreement by the Company, Paxis or the Seller nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefit under any Employee Plan (including, without limitation, the acceleration of the vesting or exercisability of any stock options, the acceleration of the vesting of any restricted stock or the acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Stock Purchase Agreement (Integrated Biopharma Inc)

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No Acceleration or Creation of Rights. Except as set forth on for those listed in Schedule 5.13(d)4.15., neither the execution and delivery of this Agreement by the Company, Paxis or the Seller Company and its Subsidiaries nor the consummation of the transactions contemplated hereby will result in the acceleration or creation of any rights of any person to benefit benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or exercisability of any stock options, the acceleration of the vesting of any restricted stock stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Merger Agreement (Angeion Corp/Mn)

No Acceleration or Creation of Rights. Except as set forth on Schedule 5.13(d)otherwise contemplated by Section 2.6.9 or Section 6.11.4, neither the execution and delivery of this Agreement or the Ancillary Agreements by the Company, Paxis or the Seller Company nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefit benefits under any Employee Plan (including, without limitation, including the acceleration of the vesting or exercisability of any stock options, the acceleration of the vesting of any restricted stock stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Merger Agreement (Mentor Graphics Corp)

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No Acceleration or Creation of Rights. Except as set forth on Schedule 5.13(d)provided in Section 3.14 of the Company Disclosure Schedule, neither the execution and delivery of this Agreement or other related agreements by the Company, Paxis or the Seller 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 benefit benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or exercisability of any stock options, the acceleration of the vesting of any restricted stock stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Merger Agreement (Oec Compression Corp)

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