Common use of Employee Benefit Plans; New Hires; Pay Increases Clause in Contracts

Employee Benefit Plans; New Hires; Pay Increases. Except as required by Section 5.9(g) hereof, adopt or amend any employee benefit or stock purchase or option plan or hire any new director level or officer level employee, pay any special bonus or special remuneration to any employee or director, or increase the salaries or wage rates of its employees other than pursuant to scheduled annual performance reviews, provided that any resulting modifications are in the ordinary course of business and consistent with Company's past practices.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Active Voice Corp)

AutoNDA by SimpleDocs

Employee Benefit Plans; New Hires; Pay Increases. Except as required by Section 5.9(g) hereof, adopt or amend any employee benefit or stock purchase or option plan or except as may be required by applicable Laws; hire any new employee at the director level or officer level employee, level; pay any special bonus or special remuneration to any employee employee, consultant or director; or, or increase the salaries or wage rates of its employees other than pursuant to scheduled annual performance reviews, provided that any resulting modifications are in the ordinary course of business and consistent with Company's past practices.practice (and then only as to non-officer employees below the director level), increase the salaries, wage rates or compensation of any employee or consultant;

Appears in 1 contract

Samples: Support Agreement (Witness Systems Inc)

Employee Benefit Plans; New Hires; Pay Increases. Except as required by Section 5.9(g) hereofcontemplated herein or as set forth in the Disclosure Schedule, adopt or amend any employee benefit or stock purchase or option plan plan, or hire any new director level or officer level employee, pay any special bonus or special remuneration to any employee or directordirector or, or other than in the ordinary course consistent with past practice in connection with scheduled performance reviews, increase the salaries or wage rates of its employees other than pursuant to scheduled annual performance reviews, provided that any resulting modifications are in the ordinary course of business and consistent with Company's past practices.;

Appears in 1 contract

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

AutoNDA by SimpleDocs

Employee Benefit Plans; New Hires; Pay Increases. Except as required by Section 5.9(g5.9(c) hereof, adopt or amend any employee benefit or stock purchase or option plan or hire any new director level or officer level employee, pay any special bonus or special remuneration to any employee or director, or increase the salaries or wage rates of its employees other than pursuant to scheduled annual performance reviews, provided that any resulting modifications are in the ordinary course of business and consistent with Company's ’s past practices.;

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Saflink Corp)

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