Common use of No Adoption Clause in Contracts

No Adoption. Neither the Company nor any ERISA Affiliate has announced to their employees, former employees, consultants or directors an intention to create, or otherwise created, a legally binding commitment to adopt, change or terminate any Employee Plan which is intended to cover Employees or former Employees.

Appears in 11 contracts

Samples: Merger Agreement (Neomedia Technologies Inc), Merger Agreement (BSD Software Inc), Merger Agreement (Neomedia Technologies Inc)

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No Adoption. Neither the Company nor any ERISA Affiliate has announced to their employeesEmployees, former employeesEmployees, consultants or directors an intention to create, or otherwise created, a legally binding commitment to adopt, change or terminate any Employee Plan which is intended to cover Employees employees or former Employeesemployees of the Company (with respect to their relationship with the Company).

Appears in 1 contract

Samples: Merger Agreement (Essential Therapeutics Inc)

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No Adoption. Neither the Company nor any ERISA Affiliate has ----------- announced to their employeesEmployees, former employeesEmployees, consultants or directors an intention to create, or otherwise created, a legally binding commitment to adopt, change or terminate any Employee Plan which is intended to cover Employees employees or former Employeesemployees of the Company (with respect to their relationship with the Company).

Appears in 1 contract

Samples: Merger Agreement (Microcide Pharmaceuticals Inc)

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