Common use of Benefit Arrangements Clause in Contracts

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to the Company) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Mentor Graphics Corp), Agreement and Plan of Merger (Check Point Software Technologies LTD)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to the Company) presently complies and has been maintained in compliance maintained, in all material respects respects, in compliance with its terms and and, in all material respects, with the applicable requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, of the Code. The employment of all persons presently employed Code or retained by the Company is terminable at willERISA.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Bacou Usa Inc), Stock Purchase Agreement (Primark Corp)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company or a Company Affiliate (with respect to their relationship to the Companywith such entities) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, including but not limited to the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 2 contracts

Samples: Stock Purchase Agreement (P F Changs China Bistro Inc), Stock Purchase Agreement (P F Changs China Bistro Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company LLL or a Subsidiary (with respect to their relationship to the Companywith such entities) presently complies and has been maintained in material compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations Regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Softnet Systems Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company Wise or a Subsidiary (with respect to their relationship to the Companywith such entities) presently complies and has been maintained in material compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations Regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Stock Purchase Agreement (Icoa Inc)

Benefit Arrangements. Each To the knowledge of the Company, each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to the Company) presently complies and has been maintained in compliance in all material respects (x) with its terms and (y) with the requirements prescribed by any and all applicable statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at willregulations.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Verticalnet Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company any Entity (with respect to their relationship to with the CompanyEntity) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules Regulations and regulations Court Orders which are applicable to such Benefit Arrangement, including, without limitation, the Code. The Except as set forth in the Disclosure Schedule, and except as provided by law, the employment of all persons presently employed or retained by the Company Partnerships is terminable at will.

Appears in 1 contract

Samples: Purchase Agreement (Coram Healthcare Corp)

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Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees Employees or former employees Employees of the M Company or any Subsidiary (with respect to their relationship to the Companywith such entities) presently complies and has been maintained in material compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations Regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Execution Copy Agreement and Plan of Merger (Orbital Sciences Corp /De/)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former -------------------- employees of the Company (with respect to their relationship to the Company) presently complies and has been maintained in compliance maintained, in all material respects respects, in compliance with its terms and and, in all material respects, with the applicable requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, of the Code. The employment of all persons presently employed Code or retained by the Company is terminable at willERISA.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Euronet Services Inc)

Benefit Arrangements. Each Benefit Arrangement which covers or has covered employees or former employees of the Company (with respect to their relationship to the Company) presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. The employment of all persons presently employed or retained by the Company is terminable at will.

Appears in 1 contract

Samples: Employment Agreement (Cnet Networks Inc)

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