Common use of No Payments to Employees, Officers and Directors Clause in Contracts

No Payments to Employees, Officers and Directors. of the RMSI Disclosure Letter contains a true and complete list of all arrangements, agreements or plans pursuant to which any cash or non-cash payments or other obligation will become payable, accelerate the time of payment or vesting or increase any amount currently payable (and the maximum aggregate amount which may be payable thereunder) to each employee, officer or director of RMSI or any RMSI Subsidiary as a result of the Merger (assuming no termination of service).

Appears in 3 contracts

Samples: Merger Agreement (Ultimate Food Sales Inc), Merger Agreement (Butler Bruce A), Merger Agreement (Richmont Marketing Specialists Inc)

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No Payments to Employees, Officers and Directors. of the ------------------------------------------------ RMSI Disclosure Letter contains a true and complete list of all arrangements, agreements or plans pursuant to which any cash or non-cash payments or other obligation will become payable, accelerate the time of payment or vesting or increase any amount currently payable (and the maximum aggregate amount which may be payable thereunder) to each employee, officer or director of RMSI or any RMSI Subsidiary as a result of the Merger (assuming no termination of service).

Appears in 2 contracts

Samples: Merger Agreement (Merkert American Corp), Merger Agreement (Monroe James L)

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