No New Severance. No party shall take any action to institute any new severance or termination pay practices with respect to any directors or officers or other employees of such party or to increase the benefits payable under its severance or termination pay practices.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Sound Designs Inc), Exhibit 1 Agreement and Plan of Merger (Stone Pine Colorado LLC), 2 Agreement and Plan of Merger (Consolidated Capital of North America Inc)
No New Severance. No Except as may be required in connection with the Reorganization of Xxxxxxxx, no party shall take any action to institute any new severance or termination pay practices with respect to any directors or officers or other employees of such party or to increase the benefits payable under its severance or termination pay practices.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (One Dentist Resources)
