Common use of Severance Arrangements Clause in Contracts

Severance Arrangements. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to written agreements outstanding on the date hereof and (B) grants consistent with past practices;

Appears in 2 contracts

Samples: Merger Agreement (Premier Laser Systems Inc), Agreement and Plan of Reorganization (Ophthalmic Imaging Systems Inc)

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Severance Arrangements. Grant any severance or termination pay (i) to any director or officer officer, or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date hereof other than individual grants of severance pay in an amount less than $5,000 to any recipient and (B) grants consistent with past practicesless than $100,000 in the aggregate for all such recipients;

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (E-Medsoft Com), Agreement and Plan of Merger and Reorganization (E-Medsoft Com)

Severance Arrangements. 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 hereof and (B) grants consistent with past practiceshereof;

Appears in 2 contracts

Samples: Merger Agreement (Ods Networks Inc), Merger Agreement (American Interactive Media Inc)

Severance Arrangements. 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 written agreements outstanding on the date hereof and (B) grants consistent with past practicesMarch 30, 2000;

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (724 Solutions Inc)

Severance Arrangements. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) except, in both instances, payments made pursuant to written agreements outstanding on before the date hereof and (B) grants consistent with past practicesEffective Time;

Appears in 1 contract

Samples: Merger Agreement (PMR Corp)

Severance Arrangements. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to written agreements outstanding on the date hereof other than, with respect to non-officer employees and (B) grants those officers set forth on SCHEDULE 4.2(O), in the ordinary course of business consistent with past practices;practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Geotel Communications Corp)

Severance Arrangements. Grant any severance or termination pay (i) to any director or officer officer, or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date hereof and (B) grants consistent with past practiceshereof;

Appears in 1 contract

Samples: Agreement and Plan of Amalgamation (Avesta Technologies Inc)

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Severance Arrangements. 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 with such other employees in effect on the date hereof and (B) grants consistent with past practicesof this Agreement;

Appears in 1 contract

Samples: Merger Agreement (Netlibrary Inc)

Severance Arrangements. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to written agreements outstanding on the date hereof and (B) grants other than in the ordinary course of business consistent with past practices;practice.

Appears in 1 contract

Samples: Share Purchase Agreement (Cisco Systems Inc)

Severance Arrangements. 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 hereof and or (B) grants consistent which are made in the ordinary course of business in accordance with its standard past practices;practice; (k)

Appears in 1 contract

Samples: Merger Agreement (Avant Corp)

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