No Triggering of Obligations. The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of Company to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
No Triggering of Obligations. The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of the Company to severance pay, any payment pursuant to any “golden parachute” or other agreement providing for payment to any employee of the Company upon a change in control of the Company, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
No Triggering of Obligations. The consummation of the transactions contemplated hereby will not (i) entitle any current or former director, employee or independent contractor of the Company to severance pay, unemployment compensation or any other payment, (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former director, employee or independent contractor of the Company or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
No Triggering of Obligations. The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former Business Employee to any material amount of severance pay, unemployment compensation or other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or materially increase the amount of compensation due to any such Business Employee or (iii) result in any transaction that is prohibited by any Laws governing or relating to any Employee Plan/Agreement of Company or any of the Subsidiaries.
No Triggering of Obligations. Except as provided for in Schedule 6.1l(g), the consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of Seller to severance pay, or any other payment,
No Triggering of Obligations. Except as described on Section 4.16(j) of the Seller Disclosure Schedule, the consummation of the transactions contemplated hereby (or the consummation of the transactions contemplated hereby, in conjunction with the occurrence of another event, such as termination of employment) will not (i) entitle any current or former director, employee or independent contractor of the Group Companies to severance pay, change in control payment or any other payment, (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former director, employee or independent contractor of the Group Companies, (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available or (iv) result in the payment of any “excess parachute payment” within the meaning of Section 280G of the Code.
No Triggering of Obligations. The consummation of the ---------------------------- transactions contemplated by this Agreement will not (i) entitle any current or former employee of Seller to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting (except for the contemplated termination of Seller's 401(k) plan), or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
No Triggering of Obligations. Except as specifically contemplated by the terms of this Agreement and except as otherwise set forth on Schedule 3.17, the execution and delivery by Seller of this Agreement and each of the Related Agreements to which Seller is a party and the consummation of the transactions contemplated hereby and thereby do not and will not: (i) entitle any Employee to severance pay, unemployment compensation or any other payment; (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any Employee; or (iii) result in any Prohibited Transaction for which a statutory exemption is not available.
No Triggering of Obligations. The consummation of the transactions contemplated by this Agreement will not entitle any current or former Acquired Company employee or director to severance pay or a change in control payment, or accelerate the time of payment or vesting, or increase the amount of any compensation due to any current or former Company employee or director.
No Triggering of Obligations. The consummation of the transactions contemplated hereby will not (A) entitle any current or former director, employee or independent contractor of Seller or any of its Affiliates to severance pay, unemployment compensation or any other payment, (B) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former director, employee or independent contractor of Seller or any of its Affiliates or otherwise trigger any benefits that will be subject to the additional Tax imposed by Section 4999 of the Code, or (C) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
