No Significant Changes. VIALOG agrees that there will be no ---------------------- "significant change" (as defined below) in the conduct of the business of the Company for a period of two years after the Financing Closing Date without the approval of a majority in interest of the Stockholders. "Significant change" means any change in the location of the Company's facilities, a physical merging of the Company's operations with another operation, any change in the position of those employees who receive employment agreements pursuant to Section 7.2(s), or a reduction in force or the termination of any employee except as related to employee performance or the contemplated reorganization of the combined sales/marketing staff or the accounting function.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Call Points Inc), Agreement and Plan of Reorganization (Call Points Inc), Agreement and Plan of Reorganization (Call Points Inc)
No Significant Changes. VIALOG agrees that there will be no ---------------------- "significant change" (as defined below) in the conduct of the business of the Company for a period of two years after the Financing Public Offering Closing Date without the approval of a majority in interest of the Stockholders. "Significant change" means any change in the location of the Company's facilities, a physical merging of the Company's operations with another operation, any change in the position of those employees who receive employment agreements pursuant to Section 7.2(s), or a reduction in force or the termination of any employee except as related to employee performance or the contemplated reorganization of the combined sales/marketing staff or the accounting function.
Appears in 4 contracts
Samples: Agreement and Plan (Vialog Corp), Agreement and Plan (Vialog Corp), Agreement and Plan (Vialog Corp)
