Common use of No Acceleration of Rights or Benefits Clause in Contracts

No Acceleration of Rights or Benefits. Neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Icoa Inc), Agreement and Plan of Merger (Softnet Systems Inc)

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No Acceleration of Rights or Benefits. Neither Except as set forth on Schedule 4.19, neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (National Semiconductor Corp)

No Acceleration of Rights or Benefits. Neither Except as set forth on Schedule 4.18, neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Option and Agreement and Plan of Merger (National Semiconductor Corp)

No Acceleration of Rights or Benefits. Neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Equity Purchase Agreement (Dames & Moore Inc /De/)

No Acceleration of Rights or Benefits. Neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions actions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schawk Inc)

No Acceleration of Rights or Benefits. Neither Except as listed on Schedule 6.12(g), neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual stock or vesting of stock appreciation rights or any benefits under interest in any Pension Plan or Welfare Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Armor Holdings Inc)

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No Acceleration of Rights or Benefits. Neither the execution and ------------------------------------- delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control central agreement.

Appears in 1 contract

Samples: 2 Agreement and Plan of Merger (Fine Com Corp)

No Acceleration of Rights or Benefits. Neither the ------------------------------------- execution and delivery of this Agreement Agreement, the Certificate of Merger or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control central agreement.

Appears in 1 contract

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

No Acceleration of Rights or Benefits. Neither the execution and delivery of this Agreement or the Ancillary Agreements nor the consummation of the transactions contemplated hereby or thereby will result in the acceleration or creation of any rights of any person to benefits under any of the Employee Plans, including but not limited to the acceleration of the exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the creation of rights under any severance, parachute or change of control agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Unify Corp)

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