Common use of Termination of Employee Plans Clause in Contracts

Termination of Employee Plans. At the Closing, the Company shall terminate the Company Stock Option Plans and all other employee benefit plans of the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate its existing stock option plans, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under any of such plans and all other employee benefit that any liabilities of the Company under such plans of (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no material cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate the Company Stock Option Employee Plans set forth on Schedule 6.6, and shall ensure that no employee or former employee of the Company has any rights under any of such Plans and all other employee benefit plans that any liabilities of the Company under such Plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate its 1988 Stock Option Plan, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under such plan and all other employee benefit plans that any liabilities of the Company under such plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At The Company shall have terminated its Stock Option Plans, and shall have ensured that no employee or former employee of the Company has any rights under such Plan and that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing, ) are fully extinguished at no cost to the Company (other than the payments specified under the Company's Stock Option Plans necessary to terminate such Company Options); and the Company shall terminate the Company Stock Option Plans and all other employee benefit plans of the Company.have provided

Termination of Employee Plans. At or prior to the Closing, the Company shall terminate its Stock Option Plans, and shall ensure that no employee or former employee of the Company has any rights under such Plan and that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company, other than the payments specified under the Company's Stock Option Plans and all other employee benefit plans of the Companynecessary to terminate such Company Options.

Termination of Employee Plans. At the Closing, the Company shall terminate its 1993 Stock Option Plan and its 1996 Stock Option Plan (collectively, the "Option Plans") and shall ensure that no employee or former employee of the Company Stock has any rights under any of the Option Plans and all other employee benefit plans that any liabilities of the Company under the Option Plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate its 1998 Stock Option Plan and 401(k) Plan, and shall ensure that no employee or former employee of the Company Stock Option has any rights under such Plans and all other employee benefit plans that any liabilities of the Company under such Plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company, except as otherwise provided in Section 1.7.

Termination of Employee Plans. At the Closing, the Company shall terminate the Company Stock Option Plans and all other Plans. For each such plan that is terminated, the Company shall take reasonable steps to ensure that no employee benefit plans or former employee of the CompanyCompany has any rights under any of such plans and that any liabilities of the Company under such plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished.

Termination of Employee Plans. At the Closing, the Company shall terminate its Company Plan, and shall ensure that no employee or former employee of the Company Stock Option Plans and all other employee benefit plans to certain of the Company's employees and affiliates has any rights under such Plan and that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company or Parent.

Termination of Employee Plans. At the Closing, the Company shall terminate its Stock Option Plan, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under such Plan and all other employee benefit plans that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate its 1995 Stock Plan and 1999 Stock Option Plan as well as the Company's 401(k) plan, and shall ensure that no Person has any rights under any of such Plans and that any liabilities of the Company Stock Option Plans and all other employee benefit or its Subsidiaries under such plans of (including any such liabilities relating to services performed prior to the CompanyClosing) are fully extinguished at no cost to the Company or its Subsidiaries.

Termination of Employee Plans. At the Closing, each Company Option shall be assumed by Parent pursuant to Section 1.6 and the Company shall terminate its 1998 Stock Option Plan, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under such Plan and all other employee benefit plans that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company, except as otherwise provided in Section 1.6.

Termination of Employee Plans. At the Closing, the Company shall terminate the Company Stock Option Plans, and shall ensure that no employee or former employee of the Company has any rights under any of such Plans and all other employee benefit plans that any liabilities of the Company under such Plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate its Stock Option Plans, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under such Plan and all other employee benefit plans that any liabilities of the Company under such Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the Closing, the Company shall terminate all employee benefit plans of the Company other than the Company Stock Option Plans and all shall ensure that no employee or former employee of the Company has any rights under any of such plans (other employee benefit than rights assumed by Parent pursuant to Section 1.6 hereof) and that any liabilities of the Company under such plans of (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.

Termination of Employee Plans. At the ClosingClosing and subject to Section 1 9, the Company shall terminate its existing stock option plans, and shall ensure that no employee or former employee of the Company Stock Option Plans has any rights under any of such plans and all other employee benefit that any liabilities of the Company under such plans of (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no material cost to the Company.