Prohibition of Certain Employment Contracts. Not enter into any contracts of employment which (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI has previously approved) except as contemplated by this Agreement or as may be required by law;
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc), Agreement and Plan of Reorganization (American Millennium Corp Inc)
Prohibition of Certain Employment Contracts. Not enter into any contracts of employment which (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI ITEQ has previously approved) except as contemplated by this Agreement or as may be required by law;
Appears in 2 contracts
Samples: Plan and Agreement of Merger (Iteq Inc), Merger Agreement (Astrotech International Corp /New)
Prohibition of Certain Employment Contracts. Not enter into any contracts of employment or other agreements, which (i) cannot be terminated on notice of 14 days or less without the payment of severance additional compensation or consideration or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI Real Holdings has previously approved) except as contemplated by this Agreement or as may be required by law;
Appears in 2 contracts
Samples: Merger Agreement (Real Software Acquisition Sub 1 Inc), Agreement and Plan of Reorganization (Tava Technologies Inc)
Prohibition of Certain Employment Contracts. Not enter into any contracts of employment or other agreements, which (i) cannot be terminated on notice of 14 days or less without the payment of severance additional compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI Metamor has previously approved) except as contemplated by this Agreement or as may be required by law;
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Prohibition of Certain Employment Contracts. Not Except as contemplated by Section 5.2.9, 5.2.9 hereof, not enter into any contracts of employment which that (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI Striker or Acquisition No. 3 has previously approved) except as contemplated by this Agreement or as may be required by law;
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Prohibition of Certain Employment Contracts. Not enter into any contracts of employment which (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, compensation outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI BMC has previously approved) except as contemplated by this Agreement or as may be required by law;
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (BGS Systems Inc)
Prohibition of Certain Employment Contracts. Not enter into any contracts of employment which (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI BMC has previously approved) except as contemplated by this Agreement or as may be required by law;
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (BMC Software Inc)
Prohibition of Certain Employment Contracts. Not enter into any contracts of employment which (i) cannot be terminated on notice of 14 days or less without the payment of severance compensation or (ii) provide for any increase in compensation, including, without limitation, any modification of any stock option agreements, outside the ordinary course of business consistent with past practice, or severance payments or benefits covering a period beyond the termination date (other than those which AMCI has previously approved) except as contemplated by this Agreement or as may be required by law, provided, however, any severance agreement or payment or any incentive bonus plan entered into prior to the date hereof is subject to approval by BSI;
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