Termination of Employee Plans. At the Closing, the Company shall terminate the Company 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 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.
Appears in 2 contracts
Samples: Agreement and Plan of Merger And, Agreement and Plan of Merger And (Cavium, Inc.)
Termination of Employee Plans. At the Closing, the Company shall terminate the Company Employee Plans set forth on Schedule 6.6Stock Plans, and shall ensure that no employee or former employee of the Company 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 at no cost to the Company.
Appears in 2 contracts
Samples: Agreement and Plan of Merger And (Boole & Babbage Inc), Shareholder Agreement (Boole & Babbage Inc)
Termination of Employee Plans. At the Closing, the Company shall terminate the Company Employee Plans set forth on Schedule 6.6its Stock Option Plans, and shall ensure that no employee or former employee of the Company has any rights under any of such Plans Plan and that any liabilities of the Company under such Plans Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (I Many Inc)
Termination of Employee Plans. At the Closing, the Company shall terminate all employee benefit plans of the Company Employee other than the Company Stock Option 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 plans (other than rights assumed by Parent pursuant to Section 1.6 hereof) and that any liabilities of the Company under such Plans plans (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the Company.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Vitesse Semiconductor Corp)
Termination of Employee Plans. At the Closing, the Company shall terminate the its Company Employee Plans set forth on Schedule 6.6Plan, and shall ensure that no employee or former employee of the Company to certain of the Company's employees and affiliates has any rights under any of such Plans Plan and that any liabilities of the Company under such Plans Plan (including any such liabilities relating to services performed prior to the Closing) are fully extinguished at no cost to the CompanyCompany or Parent.
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Medibuy Com Inc)
