No Excise Tax Obligations. The Company does not have, and following the consummation of the Merger the Surviving Entity will not have, any obligation to make payments to any past or present employees of the Company or its Subsidiaries or Affiliates as a result of the imposition of any excise taxes pursuant to Section 4999 of the Code or the imposition of any excise or similar taxes pursuant to any similar provision of state or local law.
Appears in 5 contracts
Samples: Agreement and Plan of Merger (Four Media Co), Iii 5 Agreement and Plan of Merger (Video Services Corp), Agreement and Plan of Merger (Liberty Media Corp /De/)
No Excise Tax Obligations. The Company does not have, and following the consummation of the Merger the Surviving Entity Corporation will not have, any obligation to make payments to any past or present employees of the Company or its Subsidiaries subsidiaries or Affiliates as a result of the imposition of any excise taxes pursuant to Section 4999 of the Code or the imposition of any excise or similar taxes pursuant to any similar provision of state or local law.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Liberty Media Corp /De/), Agreement and Plan of Merger (Todd Ao Corp)
