Common use of No Increase in Compensation Clause in Contracts

No Increase in Compensation. Any increase in the compensation, salaries or wages payable or to become payable to any employee or agent of the Seller (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued, that exceeds in the aggregate a seven percent (7%) increase in the total compensation or benefits payable to any single employee or agent of the Seller;

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Cyber Care Inc)

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No Increase in Compensation. Any increase in the compensation, --------------------------- salaries or wages payable or to become payable to any employee or agent of the Seller (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued, that exceeds in the aggregate a seven percent (7%) increase in the total compensation or benefits payable to any single employee or agent of the Seller;

Appears in 1 contract

Samples: Asset Purchase Agreement (Keith Companies Inc)

No Increase in Compensation. Any increase in the compensation, salaries salaries, commissions or wages payable or to become payable to any employee employees or agent agents of the Seller Sellers (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitmentexcept for nominal increases for rank and file employees consistent with past practices), or including any bonus or other employee benefit granted, made or accruedaccrued in respect of such employees or agents, that exceeds in the aggregate a seven percent (7%) or any material increase in the total compensation number of such employees or benefits payable agents (including any such increase or change pursuant to any single employee Employee Plan/Agreement or agent of the Seller;other commitment).

Appears in 1 contract

Samples: Asset Purchase Agreement (Triumph Bancorp, Inc.)

No Increase in Compensation. Any increase in the compensation, salaries salaries, commissions or wages payable or to become payable to any employee or agent of Seller or any of its Affiliates, other than in the Seller ordinary course of business consistent with past practice, including any bonus or other employee benefit granted, made or accrued, or any material increase in the number of such employees or agents (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement Employee Plan/Agreement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued, that exceeds in the aggregate a seven percent (7%) increase in the total compensation or benefits payable to any single employee or agent of the Seller;

Appears in 1 contract

Samples: Asset Purchase Agreement (MAKO Surgical Corp.)

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No Increase in Compensation. Any material increase in the --------------------------- compensation, salaries or wages payable or to become payable to any employee or agent of the Seller (including, without limitation, any increase or change pursuant to any bonus, pension, profit sharing, retirement or other plan or commitment), or any bonus or other employee benefit granted, made or accrued, that exceeds accrued other than in the aggregate a seven percent (7%) increase in the total compensation or benefits payable to any single employee or agent ordinary course of the Sellerbusiness;

Appears in 1 contract

Samples: Asset Purchase Agreement (Keith Companies Inc)

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