Common use of Pooling of Interests Limitation Clause in Contracts

Pooling of Interests Limitation. If the Company enters into a business combination transaction that is intended to qualify for "pooling of interests" accounting treatment and the transaction would qualify for such treatment but for one or more provisions of this or any other agreement you have with the Company, then such agreement, to the extent practicable, shall be interpreted so as to permit such accounting treatment. To the extent that is not sufficient to preserve pooling of interests accounting, any provisions of the Agreement that would preclude such accounting treatment shall be void. All determinations under this Section shall be made by the accounting firm whose pooling of interests accounting opinion is required as a condition of the consummation of the business combination transaction in question.

Appears in 5 contracts

Samples: Employment Agreement (Versar Inc), Employment Agreement (Versar Inc), Change of Control Severance Agreement (Versar Inc)

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