No Parachute Payments. 19 4.16 Absence of Certain Agreements and Practices..................20 4.17 Major Vendors and Customers..................................20 4.18
No Parachute Payments. Except as disclosed in Seller Disclosure --------------------- ----------------- Schedule 4.15, no officer, director, employee or agent (or former officer, ------------- director, employee or agent) of Seller is entitled now, or will or may be entitled as a consequence of this Agreement or the Merger, to any payment or benefit from or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
No Parachute Payments. The Company shall not have taken any action or made any payments that would not be permitted pursuant to Section 8.05(d).
No Parachute Payments. Neither Company or any of the Company's Subsidiaries shall have taken any action or made any payments that would result, either individually or in the aggregate, in any violation of the requirements set forth in Section 4.01(b)(9).
No Parachute Payments. Except as disclosed on Company Disclosure --------------------- ------------------ Schedule 5.18, no officer, director, employee, shareholder or agent (or former ------------- officer, director, employee, shareholder or agent) of the Company is entitled now, or will or may be entitled to as a consequence of this Agreement and the other Purchase Agreements, to any payment or benefit from the Company or the Purchaser which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
No Parachute Payments. Except as disclosed in Company Disclosure Schedule 4.18, no officer, director, employee or agent (or former officer, director, employee or agent) of Company or the Company Subsidiary is entitled now, or will or may be entitled as a consequence of this Agreement or the Merger, to any payment or benefit from Company or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.
No Parachute Payments. Neither Seller or any of the Seller's Subsidiaries shall have taken any action or made any payments that would result, either individually or in the aggregate, in the payment of an "excess parachute payment" within the meaning of Section 280G of the Code or that would result, either individually or in the aggregate, in payments that would be nondeductible pursuant to Section 162(m) of the Code.
No Parachute Payments. 35 SECTION 4.28. Vote Required............................................... 35
No Parachute Payments. Neither the Company nor any --------------------- Company Subsidiary is a party to an agreement that provides for the payment of any amount that would constitute a "parachute payment" within the meaning of Section 280G of the Code.
No Parachute Payments. MatrixOne shall have determined that no payment made or to be made by Synchronicity in connection with the Closing (including, without limitation, any payment made or to be made pursuant to the Management Plan) or pursuant to agreements with employees of Synchronicity entered into in connection with the Closing could reasonably be expected to constitute a “parachute payment” (as such term is defined in Section 280G of the Code).
