Common use of Certain Employee Agreements Clause in Contracts

Certain Employee Agreements. Subject to Section 9.9 and Section 9.10, the Surviving Corporation and its Subsidiaries shall honor, without modification, all contracts, agreements, collective bargaining agreements, severance agreements between KCPL and certain of its officers and commitments of the parties prior to the date hereof that have previously been provided to Western Resources and that are disclosed in Section 6.10 of the KCPL Disclosure Schedule and that apply to any current or former employee or current or former director of the parties hereto; provided, however, that this undertaking is not intended to prevent the Surviving Corporation from enforcing such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, any reserved right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Western Resources Inc /Ks), And Restated Agreement and Plan of Merger (Kansas Gas & Electric Co /Ks/), Agreement and Plan of Merger (Kansas City Power & Light Co)

AutoNDA by SimpleDocs

Certain Employee Agreements. Subject to Section 9.9 7.9 and Section 9.107.10, the Surviving Corporation and its Subsidiaries shall honor, without modification, all contracts, agreements, collective bargaining agreements, severance agreements between KCPL and certain of its officers and commitments of the parties prior to the date hereof that have previously been provided to Western Resources and that are disclosed in Section 6.10 4.10 of the KCPL Disclosure Schedule and that apply to any current or former employee or current or former director of the parties hereto; provided, however, that this undertaking is not intended to prevent the Surviving Corporation from enforcing such contracts, agreements, collective bargaining agreements and commitments in accordance with their terms, including, without limitation, any reserved right to amend, modify, suspend, revoke or terminate any such contract, agreement, collective bargaining agreement or commitment.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Western Resources Inc /Ks), Agreement and Plan of Merger (Kansas City Power & Light Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.