No Severance Payments. Except as set forth in SCHEDULE 3.27, the Seller will not owe a severance payment or similar obligation to any of its Employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.
No Severance Payments. If the Executive's Date of Termination occurs --------------------- during or after the end of the Agreement Term, or because of (i) the Executive's death, (ii) his being Permanently Disabled (paragraph 3(b)), (iii) his termination for Cause (paragraph 3(c)), or (iv) his resignation (paragraph 3(e)), then, except as otherwise expressly provided for in this Agreement, no payments shall be due to the Executive under this Agreement for periods after the Date of Termination.
No Severance Payments. There are no agreements, --------------------- including, without limitation, any employment or consulting agreements to which the Company or any of its Subsidiaries is a party that will require the Company or any of its Subsidiaries to make a severance payment or incur or assume any other liability as a result of the transactions contemplated by this Agreement and the Ancillary Agreements, including, without limitation, any obligation to make any payments upon the occurrence of a change of control.
No Severance Payments. No severance, “golden parachute” or other similar payments have been made or are due to the Company’s or any of its subsidiaries’ personnel required as a result of the Merger, except as disclosed on the disclosure schedules to this Agreement.
No Severance Payments. The Company is prohibiting any payment that is prohibited by law as a result of the Company’s participation in the CPP. Such prohibited payments include, but are not limited to, severance, golden parachute or other payments related to the executive’s departure from the Company.
No Severance Payments. No Shareholders shall be entitled to severance or change of control payments by VRCL as a result of this Agreement being performed.
No Severance Payments. The Company will not owe a severance payment or similar obligation to any of its employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.
No Severance Payments. Except for the potential bonus payment to Joe Cheatham described in thx xxxxxxxxx hereto, the Company will not owe a severance payment or similar obligation to any of its employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.
No Severance Payments. No Shareholders shall be entitled to severance or change of control payments by Sphere as a result of this Agreement being performed.
No Severance Payments. If the employment of Executive is terminated by Executive as a Voluntary Termination or by QSound “For Cause”, no payment in lieu of notice, and no other cash payments or other benefits shall be due, owing or payable to Executive other than Base Salary earned by Executive before the date of termination of employment.
