Common use of Stock Option Plans; Employee Benefits Clause in Contracts

Stock Option Plans; Employee Benefits. 6.27.1 Set forth on Schedule 6.27.1 is a complete list of all stock option plans providing for the grant by the Acquiror of stock options to directors, officers or employees. Except as disclosed on Schedule 6.27.1, all such stock option plans are Approved Plans. 6.27.2 None of the Acquiror Companies has any employee benefit plans or arrangements covering their present and former employees or providing benefits to such persons in respect of services provided such Acquiror Company. 6.27.3 Neither the consummation of the transactions contemplated hereby alone, nor in combination with another event, with respect to each director, officer, employee and consultant of the Acquiror, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the Acquiror, (b) any increase in the amount of compensation or benefits payable to any such individual or (c) any acceleration of the vesting or timing of payment of compensation payable to any such individual. No agreement, arrangement or other contract of the Acquiror provides benefits or payments contingent upon, triggered by, or increased as a result of a change in the ownership or effective control of the Acquiror.

Stock Option Plans; Employee Benefits. 6.27.1 Set forth on Schedule 6.27.1 is a complete list of all stock option plans providing for the grant by the Acquiror Acquirer of stock options to directors, officers or employees. Except as disclosed on Schedule 6.27.1, all such stock option plans are Approved Plans. 6.27.2 None of the Acquiror Acquirer Companies has any employee benefit plans or arrangements covering their present and former employees or providing benefits to such persons in respect of services provided such Acquiror Acquirer Company. 6.27.3 Neither the consummation of the transactions contemplated hereby alone, nor in combination with another event, with respect to each director, officer, employee and consultant of the AcquirorAcquirer, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the AcquirorAcquirer, (b) any increase in the amount of compensation or benefits payable to any such individual or (c) any acceleration of the vesting or timing of payment of compensation payable to any such individual. No agreement, arrangement or other contract of the Acquiror Acquirer provides benefits or payments contingent upon, triggered by, or increased as a result of a change in the ownership or effective control of the AcquirorAcquirer.

Stock Option Plans; Employee Benefits. 6.27.1 Set forth on Schedule 6.27.1 is a complete list of all stock option plans providing for the grant by the Acquiror DDOO of stock options to directors, officers or employees. Except as disclosed on Schedule 6.27.1, all such stock option plans are Approved Plans. 6.27.2 None of the Acquiror DDOO Companies has any employee benefit plans or arrangements covering their present and former employees or providing benefits to such persons in respect of services provided such Acquiror DDOO Company. 6.27.3 Neither the consummation of the transactions contemplated hereby alone, nor in combination with another event, with respect to each director, officer, employee and consultant of the AcquirorDDOO, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the AcquirorDDOO, (b) any increase in the amount of compensation or benefits payable to any such individual or (c) any acceleration of the vesting or timing of payment of compensation payable to any such individual. No agreement, arrangement or other contract of the Acquiror DDOO provides benefits or payments contingent upon, triggered by, or increased as a result of a change in the ownership or effective control of the AcquirorDDOO.

Stock Option Plans; Employee Benefits. 6.27.1 5.26.1 Set forth on Schedule 6.27.1 5.26.1 is a complete list of all stock option plans providing for the grant by the Acquiror Company of stock options to directors, officers officers, employees, consultants or employeesother Persons. Except as disclosed on Schedule 6.27.15.26.1, all such stock option plans are Approved Plans. 6.27.2 None of 5.26.2 Except as set forth on Schedule 5.26.2, the Acquiror Companies has Company does not have any employee benefit plans or arrangements covering their its present and former employees or providing benefits to such persons in respect of services provided such Acquiror the Company. 6.27.3 5.26.3 Neither the consummation of the transactions contemplated hereby alone, nor in combination with another event, with respect to each director, officer, employee and consultant of the AcquirorCompany, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the AcquirorCompany, (b) any increase in the amount of compensation or benefits payable to any such individual or (c) any acceleration of the vesting or timing of payment of compensation payable to any such individual. No agreement, arrangement or other contract of the Acquiror Company provides benefits or payments contingent upon, triggered by, or increased as a result of a change in the ownership or effective control of the AcquirorCompany.