Common use of Severance Arrangement Clause in Contracts

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;

Appears in 8 contracts

Samples: Agreement and Plan of Merger (Ellie Mae Inc), Agreement and Plan of Merger (Euniverse Inc), Agreement and Plan of Merger (Paypal Inc)

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Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement hereof or (B) grants which are payments made in the ordinary course of business in accordance with its standard past practice;

Appears in 2 contracts

Samples: Stock Purchase Agreement (American Medical Systems Holdings Inc), Stock Purchase Agreement (Intellisync Corp)

Severance Arrangement. Grant any severance or termination pay (i) to --------------------- any director or director, officer or (ii) to any other employee except (Ai) payments made pursuant to standard written agreements outstanding in effect on the date of this Agreement or (Bii) grants which are made in the ordinary course of business in accordance consistent with its standard past practice;

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Targeted Genetics Corp /Wa/), Agreement and Plan of Merger (Targeted Genetics Corp /Wa/)

Severance Arrangement. Grant any severance or termination --------------------- pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Loudeye Technologies Inc)

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practicehereof;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emulex Corp /De/)

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee employee, except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement hereof that have been disclosed to and approved by Purchaser, and except for any severance or (B) grants which are made termination pay in the ordinary course of business in accordance consistent with its standard past practice;

Appears in 1 contract

Samples: Option and Purchase Agreement (Netfabric Holdings, Inc)

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or hereof; (B) grants which are made in the ordinary course of business in accordance with its standard past practice;p)

Appears in 1 contract

Samples: Stock Purchase Agreement (Business Resource Group)

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Severance Arrangement. Grant any severance or termination pay to any officer or employee of the Business except (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements Contracts outstanding on the date of this Agreement hereof, or (Bii) grants which are payments made in the ordinary course of business in accordance with its the Business’s standard past practice, or (iii) payments made in accordance with Applicable Law;

Appears in 1 contract

Samples: Acquisition Agreement (Darling International Inc)

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee employee, except (A) in either case payments made pursuant to standard written agreements or written policies outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practiceAgreement;

Appears in 1 contract

Samples: Defined Term   Section (Ask Jeeves Inc)

Severance Arrangement. Grant any severance or termination pay (i) to any director officer, director, member of the Management Board or officer member of the Supervisory Board or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date of this Agreement or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;

Appears in 1 contract

Samples: Stock Purchase Agreement (PDF Solutions Inc)

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