Common use of Company Benefit Arrangements Clause in Contracts

Company Benefit Arrangements. Upon the request of Parent, Company will terminate any Company Benefit Arrangement and any leased employee arrangement or professional employee organization immediately prior to the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Saba Software Inc), Agreement and Plan of Merger and Reorganization (Adaptec Inc)

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Company Benefit Arrangements. Upon the request of Parent, the Company ---------------------------- will terminate any Company Benefit Arrangement and any leased employee arrangement or professional employee organization immediately prior to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interwoven Inc)

Company Benefit Arrangements. Upon the request of Parent, the Company ---------------------------- will terminate any Company Benefit Arrangement and any leased employee arrangement or professional employee organization immediately prior to the Effective Time. As soon as practicable after the execution of this Agreement, Company and Parent shall confer and work together in good faith to agree upon mutually acceptable employee benefit and compensation arrangements.

Appears in 1 contract

Samples: Pemstar Inc

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Company Benefit Arrangements. Upon the request of Parent, Company ---------------------------- will terminate any Company Benefit Arrangement and any leased employee arrangement or professional employee organization immediately prior to the Effective Time.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Interwoven Inc)

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