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

No Acceleration or Creation of Rights. Except with respect to the Existing Employment Agreements, neither the execution and delivery of this Agreement or the Ancillary Agreements by Empower nor the consummation of the transactions contemplated hereby or the related transactions will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or 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 acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Intelligroup Inc), Agreement and Plan of Merger (Intelligroup Inc)

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No Acceleration or Creation of Rights. Except with respect to the Existing Employment Agreements, neither Neither the execution and delivery of this Agreement or other related agreements by the Ancillary Agreements by Empower Target or any of its Subsidiaries nor the consummation of the transactions contemplated hereby or the related transactions will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or 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 acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Stock Purchase Agreement (Bekins Co /New/)

No Acceleration or Creation of Rights. Except with respect to the Existing Employment Agreements, neither Neither the execution and delivery of this Agreement or other related agreements by the Ancillary Agreements by Empower Target or any of its Subsidiaries nor the consummation of the transactions contemplated hereby or the related transactions will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or 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 acceleration accel- eration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Stock Purchase Agreement (Bekins Co /New/)

No Acceleration or Creation of Rights. Except with respect to the Existing Employment Agreementsas set forth in Schedule 4.19(c)(xii), neither the execution and delivery of this Agreement or the Ancillary Agreements by Empower Seller nor the consummation of the transactions contemplated hereby or the related transactions thereby will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or 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 acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Asset Purchase Agreement (Seracare Life Sciences Inc)

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No Acceleration or Creation of Rights. Except with respect to as provided in Section 3.14 of the Existing Employment AgreementsCompany Disclosure Schedule, neither the execution and delivery of this Agreement or other related agreements by the Ancillary Agreements by Empower Company nor the consummation of the transactions contemplated hereby or the related transactions will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or 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 acceleration or creation of any rights under any severance, parachute or change in control agreement).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Oec Compression Corp)

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