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 standard written agreements outstanding on the date hereof or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;

Appears in 6 contracts

Samples: Agreement and Plan of Reorganization (Avant Corp), Agreement and Plan of Reorganization (Quadramed Corp), Agreement and Plan (Medicus Systems Corp /De/)

AutoNDA by SimpleDocs

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 or and (B) grants which are made in the ordinary course of business in accordance consistent with its standard past practicepractices;

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Premier Laser Systems Inc), Agreement and Plan of Reorganization (Ophthalmic Imaging 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 or (B) grants which are made in the ordinary course of business in accordance with its standard past practicehereof;

Appears in 2 contracts

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

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 or (B) other than individual grants which are made of severance pay in an amount less than $5,000 to any recipient and less than $100,000 in the ordinary course of business in accordance with its standard past practiceaggregate 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 with such other employees in effect on the date hereof or (B) grants which are made in the ordinary course of business in accordance with its standard past practicethis Agreement;

Appears in 1 contract

Samples: Agreement and Plan of Merger (Netlibrary Inc)

AutoNDA by SimpleDocs

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 or (B) grants which are made other than, with respect to non-officer employees and those officers set forth on SCHEDULE 4.2(O), in the ordinary course of business in accordance consistent with its standard past 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 or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date hereof or (B) grants which are made other than in the ordinary course of business in accordance consistent with its standard past 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 or (B) grants which are made in the ordinary course of business in accordance with its standard past practice;; (k)

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Avant Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!