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

Stock Option Plans; Employee Benefits. 3.27.1 Set forth on Schedule 3.27.1 is a complete list of all stock option plans providing for the grant by the Company of stock options to directors, officers or employees. Except as disclosed on Schedule 3.27.1, all such stock option plans are Approved Plans. 3.27.2 The Company has no employee benefit plans or arrangements covering their present and former employees or providing benefits to such persons in respect of services provided the Company. 3.27.3 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 Company, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the Company, (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 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 Company.

Stock Option Plans; Employee Benefits. 3.27.1 6.26.1 Set forth on Schedule 3.27.1 6.27.1 is a complete list of all stock option plans providing for the grant by the Company Acquiror of stock options to directors, officers or employees. Except as disclosed on Schedule 3.27.1, all All such stock option plans are Approved Plans. 3.27.2 6.26.2 The Company has no Acquiror 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 to the CompanyAcquiror. 3.27.3 6.26.3 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 CompanyAcquiror, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the CompanyAcquiror, (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 Company 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 CompanyAcquiror.

Stock Option Plans; Employee Benefits. 3.27.1 Set 5.27.1 Except as set forth on Schedule 3.27.1 is a complete list of all 5.27.1 the Company does not have any stock option plans providing for the grant by the Company of stock options to directors, officers officers, employees, consultants or employees. other Persons. 5.27.2 Except as disclosed set forth on Schedule 3.27.15.27.2, all such stock option plans are Approved Plans. 3.27.2 The the Company has no 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 the Company. 3.27.3 5.27.3 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 Company, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the Company, (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 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 Company.

Stock Option Plans; Employee Benefits. 3.27.1 Set 6.24.1 Except as set forth on Schedule 3.27.1 is a complete list of all 6.24.1,the Acquiror Company has no stock option plans providing for the grant by the Acquiror Company of stock options to directors, officers officers, employees or employees. Except as disclosed on Schedule 3.27.1, all such stock option plans are Approved Planscontractors. 3.27.2 6.24.2 The Acquiror Company has no employee benefit plans or arrangements covering their present and former employees or providing benefits to such persons in respect of services provided to the Acquiror Company. 3.27.3 6.24.3 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 Company, will result in (a) any payment (including, without limitation, severance, unemployment compensation or bonus payments) becoming due from the Acquiror Company, (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 Acquiror Company.