Severance Arrangements. Except as set forth on SCHEDULE 5.12, the Company has not entered into any severance or similar arrangement in respect of any present or former employee of the Company that will result in any obligation (absolute or contingent) of the Company to make any payment to such present or former employee of the Company following termination of employment.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Usinternetworking Inc), Stock Purchase Agreement (Usinternetworking Inc), Stock Purchase Agreement (Usinternetworking Inc)
Severance Arrangements. Except as set forth on SCHEDULE 5.12, as of June 19, 1998, the Company has not entered into any severance or similar arrangement in respect of any present or former employee of the Company that will result in any obligation (absolute or contingent) of the Company to make any payment to such present or former employee of the Company following termination of employment.
Appears in 2 contracts
Samples: Joinder Agreement (Usinternetworking Inc), Joinder Agreement (Usinternetworking Inc)
Severance Arrangements. Except as set forth on SCHEDULE Schedule 5.12, as of June 19, 1998, the Company has not entered into any severance or similar arrangement in respect of any present or former employee of the Company that will result in any obligation (absolute or contingent) of the Company to make any payment to such present or former employee of the Company following termination of employment.
Appears in 1 contract
Severance Arrangements. Except as set forth on SCHEDULE 5.12Schedule 5.12 as of June 19, 1998, the Company has not entered into any severance or similar arrangement in respect of any present or former employee of the Company that will result in any obligation (absolute or contingent) of the Company to make any payment to such present or former employee of the Company following termination of employment.
Appears in 1 contract
