Common use of Termination of 401(k) Plans Clause in Contracts

Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 hereof, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Plans have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA Affiliate, as the case may be (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 hereof.

Appears in 1 contract

Samples: Draft Agreement (Nuance Communications, Inc.)

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Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 5.12 hereof, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Plans have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA AffiliateCompany Subsidiary, as the case may be be, (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 5.12 hereof.

Appears in 1 contract

Samples: Merger Agreement (Nuance Communications, Inc.)

Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 hereof5.5 of this Agreement, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Plans have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA Affiliate, as the case may be be, (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 hereof5.5 of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Linkedin Corp)

Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 hereof4.6 of this Agreement, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Plans have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA Affiliate, as the case may be be, (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 hereof4.6 of this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Linkedin Corp)

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Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 5.16 hereof, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Company Employee Plans referred to in Section 5.16 have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA Affiliate, as the case may be (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 5.16 hereof.

Appears in 1 contract

Samples: Merger Agreement (Taleo Corp)

Termination of 401(k) Plans. Unless Parent has explicitly instructed otherwise pursuant to Section 5.15 5.7 hereof, Parent shall have received from the Company evidence reasonably satisfactory to Parent that all 401(k) Plans have been terminated pursuant to resolution of the Board of Directors of the Company or the ERISA Affiliate, as the case may be be, (the form and substance of which shall have been subject to review and approval of Parent), effective as of no later than the day immediately preceding the Closing Date, and Parent shall have received from the Company evidence of the taking of any and all further actions as provided in Section 5.15 5.7 hereof.

Appears in 1 contract

Samples: Merger Agreement (Cornerstone OnDemand Inc)

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