Common use of Severance Arrangements Clause in Contracts

Severance Arrangements. Grant any severance or termination pay or benefits (i) to any director or officer except in accordance with written agreements in effect on the date hereof and disclosed in Section 3.13 of the Company Disclosure Schedule, or (ii) to any other employees except in the ordinary course of business consistent with past practice;

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Netratings Inc), Agreement and Plan of Reorganization (Netratings Inc), Merger Agreement (Netratings Inc)

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Severance Arrangements. Grant any severance or termination pay or benefits (i) to any director director, officer or officer any employee, except in accordance with payments made pursuant to Company’s existing severance policies and practices and written agreements in effect outstanding on the date hereof and disclosed in Section 3.13 of the Company Disclosure Schedule, or (ii) to any other employees except in the ordinary course of business consistent with past practiceExecution Date;

Appears in 2 contracts

Samples: Merger Agreement (Bea Systems Inc), Merger Agreement (Plumtree Software Inc)

Severance Arrangements. Grant any severance or termination pay or benefits (i) to any director director, officer or officer any employee, except in accordance with for payments made pursuant to the Company’s existing severance policies and written agreements in effect outstanding on the date hereof Execution Date and disclosed described in Section 3.13 2.13(a) of the Company Disclosure Schedule, or (ii) to any other employees except in the ordinary course of business consistent with past practice;

Appears in 1 contract

Samples: Merger Agreement (Sigmatel Inc)

Severance Arrangements. Grant any severance or termination ---------------------- pay or benefits (i) to any director or officer except in accordance with written agreements in effect on the date hereof and disclosed in Section 3.13 of the Company Disclosure Schedule, or (ii) to any other employees employee except in payments made pursuant to written agreements outstanding on the ordinary course of business consistent with past practicedate hereof, identified specifically on the Company Disclosure Schedule and furnished to Parent and its counsel prior to the date hereof;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Digital Island Inc)

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Severance Arrangements. Grant any severance or termination pay or benefits ---------------------- (i) to any director or officer except in accordance with written agreements in effect on the date hereof and disclosed in Section 3.13 of the Company Disclosure Schedule, or (ii) to any other employees employee except in payments made pursuant to written agreements outstanding on the ordinary course of business consistent with past practicedate hereof, identified specifically on the Company Disclosure Schedule and furnished to Parent and its counsel prior to the date hereof;

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Sandpiper Networks Inc)

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