Employee Benefit Plans; New Hires; Pay Increases. Adopt or ------------------------------------------------ amend any employee benefit or stock purchase or option plan, elect or appoint any new director, or hire any new officer level employee, pay any special bonus or special remuneration to any employee or director or, other than in the ordinary course of business consistent with past practice, increase the salaries or wage rates of its employees;
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Sandpiper Networks Inc), Shareholder Agreement (Digital Island Inc)
Employee Benefit Plans; New Hires; Pay Increases. (A) Adopt or ------------------------------------------------ amend any employee benefit or stock purchase or option plan, elect plan (except as required by law or appoint any new directoras provided in Section 5.15(b)), or (B) hire any new director level or executive officer level employee, pay any special bonus or special remuneration to any employee or director director, or, other than than, with respect to non-executive officer employees, in the ordinary course of business consistent with past practice, increase the salaries or wage rates of its employees;
Appears in 2 contracts
Samples: Agreement and Plan of Merger and Reorganization (E Trade Group Inc), Agreement and Plan of Merger (E Trade Group Inc)
Employee Benefit Plans; New Hires; Pay Increases. Adopt or amend ------------------------------------------------ amend any employee benefit or stock purchase or option plan, elect or appoint any new director, or hire any new director level or officer level employee, pay any special bonus or special remuneration to any employee or director or, other than in the ordinary course of business consistent with past practice, increase the salaries or wage rates of its employees;
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Kana Communications Inc)
Employee Benefit Plans; New Hires; Pay Increases. Adopt or ------------------------------------------------ amend amend, or commit to adopt or amend, any employee benefit VERSUS Employee Plan or stock purchase or option plan, elect or appoint any new directorplan (other than to insure its continued registration under and compliance with applicable Laws), or hire any new officer level employee, pay any special bonus or special remuneration to any employee or director director, or, other than in the ordinary course of business consistent with past practice, increase the salaries or wage rates of its employees;
Appears in 1 contract
Samples: Merger Agreement (E Trade Group Inc)