Common use of Severance Arrangements Clause in Contracts

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 5 contracts

Samples: Merger Agreement (Convio, Inc.), Merger Agreement (Convio, Inc.), Agreement and Plan of Reorganization (Sigmatel Inc)

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Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) to any other employee except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on or consistent with the Target Disclosure Schedule, to any other employeeCompany’s severance policy described in Schedule 5.8(d);

Appears in 4 contracts

Samples: Merger Agreement (Nptest Holding Corp), Merger Agreement (Saba Software Inc), Merger Agreement (Centra Software Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) employee except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on in Section 3.23 of the Target Disclosure Schedule, to any other employee;.

Appears in 2 contracts

Samples: Merger Agreement (INPHI Corp), Agreement and Plan of Merger (INPHI Corp)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director director, officer, employee or officer or (ii) independent contractor except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 2 contracts

Samples: Escrow Agreement (SCG Financial Acquisition Corp.), Merger Agreement (SCG Financial Acquisition Corp.)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer officer, or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedulehereof, to any other employee;.

Appears in 2 contracts

Samples: Share Subscription Agreement (Millennium India Acquisition CO Inc.), Share Subscription Agreement (Millennium India Acquisition CO Inc.)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule or Acquirer Disclosure Schedule, as the case may be, to any other employee;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Goamerica Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) to any other employee, except in each case for payments made pursuant to written agreements agreements, including Target Employee Plans, outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employeeAgreement Date;

Appears in 1 contract

Samples: Merger Agreement (Nuvasive Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target HOVRS Disclosure Schedule or the Acquirer Disclosure Schedule, as the case may be, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Goamerica Inc)

Severance Arrangements. Grant or pay any severance or termination ---------------------- pay or benefits (i) to any director or officer or (ii) to any other employee except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Salon Com)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements or written severance policies outstanding on the date hereof and disclosed on the Target Xxxxxx Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Maxygen Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee, provided, that Target may grant and make severance payments of any sort if paid from available cash prior to Closing;

Appears in 1 contract

Samples: Merger Agreement (Pure Biofuels Corp)

Severance Arrangements. (i) Grant or pay any severance or termination pay or benefits (iA) to any current or former director or officer or (iiB) to any other employee except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Company Disclosure Schedule, to or (ii) increase in any other manner the severance or termination pay of any current or former director, officer or employee;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Zygo Corp)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or director, officer or (ii) consultant, except for payments made pursuant to written agreements outstanding on the date hereof Agreement Date and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Adventrx Pharmaceuticals Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer officer, or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intellisync Corp)

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Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target SSDI Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Nayna Networks, Inc.)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Company Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Forgent Networks Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or director, officer or (ii) employee, except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;.

Appears in 1 contract

Samples: Merger Agreement (Green Dot Corp)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (iA) to any director or officer or (iiB) except for payments made pursuant to statutory obligations or written agreements outstanding on the date hereof and disclosed on in Section 3.22(a) of the Target Disclosure Schedule, to any other employee;.

Appears in 1 contract

Samples: Merger Agreement (INPHI Corp)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer officer; or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Zhone Technologies Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except Except for payments made pursuant to written agreements outstanding on the date hereof of this Agreement and disclosed on the Target Disclosure Schedule, grant or pay any severance or termination pay or benefits to any other director or officer or employee;

Appears in 1 contract

Samples: Merger Agreement (Silicon Laboratories Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except Except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, grant or pay any severance or termination pay or benefits to any other director, officer or employee;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Silicon Laboratories Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or officer or (ii) except for payments made pursuant to written agreements outstanding on the date hereof and disclosed on the Target Disclosure Schedule, the Target Change of Control Bonus Payments and the Option Cancellation Agreements to any other employee;

Appears in 1 contract

Samples: Merger Agreement (Entorian Technologies Inc)

Severance Arrangements. Grant or pay any severance or termination pay or benefits (i) to any director or director, officer or (ii) employee, except for payments made pursuant to statutory obligations or written agreements outstanding on the date hereof and disclosed on in Section 3.23(a) of the Target Disclosure Schedule, to any other employee;.

Appears in 1 contract

Samples: Merger Agreement (INPHI Corp)

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