Common use of Severance and Employment Agreements Clause in Contracts

Severance and Employment Agreements. (a) Neither the Company nor any Subsidiary has entered into any written agreement providing for severance or termination payments to any director, officer or employee in connection with the termination of his or her position or employment following a change in control of the Company. The details of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, are set out in the Disclosure Letter and such amounts do not and will not exceed $5 million in the aggregate.

Severance and Employment Agreements. (a) Neither the The Company nor any Subsidiary has not entered into any written or oral agreement or understanding providing for severance severance, termination or termination other payments to any director, officer officer, employee or employee consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company or on a change in control of the Company. The details of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, are set out in have been previously provided to the Disclosure Letter and such amounts do not and will not exceed $5 million in the aggregateAcquiror.

Severance and Employment Agreements. (a) Neither Except as set out in the Disclosure Letter, the Company nor any Subsidiary has not entered into any written or oral agreement or understanding providing for severance severance, termination or termination other payments to any director, officer officer, employee or employee consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company or otherwise on a change in control of the Company. The details amounts of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, are set out in the Disclosure Letter and such amounts requirements do not and will not exceed $5 million 292,000 in the aggregate.

Severance and Employment Agreements. (a) Neither None of the Company nor or any Company Subsidiary has entered into any written or oral agreement or understanding providing for severance severance, termination or termination other payments to any director, officer officer, employee or employee consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company. The details of all such payment requirements, including the amounts and Company or on a description change in control of the circumstances in which they must be paid, are set out in the Disclosure Letter and such amounts do not and will not exceed $5 million in the aggregateCompany.