Common use of Existing Arrangements Clause in Contracts

Existing Arrangements. From and after the Effective Time, the Surviving Corporation shall (and Parent shall cause the Surviving Corporation to) assume and honor all of the Employee Plans in accordance with their terms as in effect immediately prior to the Effective Time.

Appears in 4 contracts

Sources: Merger Agreement (Jamf Holding Corp.), Merger Agreement (Instructure Holdings, Inc.), Merger Agreement (Perficient Inc)

Existing Arrangements. From and after the Effective Time, the Surviving Corporation shall (and Parent shall cause the Surviving Corporation to) assume and honor all of the Employee Plans in accordance with their terms as in effect immediately prior to the Effective Time, provided that nothing herein shall limit the Surviving Corporation’s ability to terminate or amend such Employee Plans in accordance with their terms.

Appears in 2 contracts

Sources: Merger Agreement (Kaleyra, Inc.), Merger Agreement (Ping Identity Holding Corp.)