Common use of Effect of Transaction Clause in Contracts

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 4 contracts

Samples: Share Purchase Agreement (Marchex Inc), Agreement and Plan of Merger (Marchex Inc), Agreement and Plan of Merger (Marchex Inc)

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Effect of Transaction. (i) The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), ) or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Citrix Systems Inc), Agreement and Plan of Merger (Citrix Systems Inc)

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under under, any Company Employee Plan, trust or loan that would could reasonably be expected to result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

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

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement other Transaction Agreements to which the Company is a party, and the consummation of the transactions contemplated hereby Transactions, do not and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arrowhead Research Corp)

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Harris Stratex Networks, Inc.)

Effect of Transaction. (i) The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Smith Micro Software Inc)

Effect of Transaction. The (i) Except for the termination of any Company Options outstanding at the Effective Time in accordance with their terms or pursuant to written agreements or arrangements providing for such cancellation, the execution and delivery by the Company of this Agreement and any related agreement to which the Company is a party, Ancillary Agreements and the consummation of the transactions contemplated hereby and thereby, thereby will not conflict with (either alone or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration upon the occurrence of any obligation additional or loss of any benefit subsequent events) constitute an event under any Company Employee Plan, Employee Agreement, trust or loan that would reasonably be expected to will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Valueclick Inc/Ca)

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Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under under, any Company Employee Plan, trust or loan that would reasonably be expected to will or may result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

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

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under any Company Employee Plan, trust or loan that would reasonably be expected to result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee.

Appears in 1 contract

Samples: Equity Purchase Agreement (Marchex Inc)

Effect of Transaction. The execution and delivery by the Company of this Agreement and any related agreement Related Agreement to which the Company is a party, and the consummation of the transactions contemplated hereby and thereby, will not conflict with or result in any violation of or default under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation, modification or acceleration of any obligation or loss of any benefit under under, any Company Employee Plan, trust or loan that would could reasonably be expected to result in any payment (whether of severance pay or otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits or obligation to fund benefits with respect to any Employee, other than as set forth in the Transaction Bonus Plan, as expressly contemplated by this Agreement or as set forth on Schedule 3.25(g).

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Citrix Systems Inc)

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