No Triggering of Obligations. Except as set forth in ---------------------------- Section 4.15(h) of the Company Disclosure Schedule, the consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of Company to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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Samples: Asset Purchase Agreement and Plan of Asset Transfer and Reorganization (Sonic Foundry Inc), Asset Purchase Agreement and Plan (Sonic Foundry Inc)
No Triggering of Obligations. Except as set forth in ---------------------------- Section 4.15(h) of the Company Disclosure Schedule, the The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of Company to severance pay, unemployment compensation unless not hired by Buyer or any other payment, except as expressly provided in this Agreement, (ii) except for certain payments the Company may owe to Xxxxxxx X. Xxxxxxx, accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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No Triggering of Obligations. Except Other than by reason of actions taken by Buyer following the Closing, and except as set forth disclosed in ---------------------------- Section 4.15(h) of the Company Disclosure ScheduleSchedule 3.16(j), the consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of a Fiskars Company to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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No Triggering of Obligations. Except as set forth in ---------------------------- Section 4.15(h) of the Company Disclosure Schedule, the The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of the Company to severance pay, any payment pursuant to any "golden parachute" or other agreement providing for payment to any employee of the Company upon a change in control of the Company, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate 25 the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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Samples: Stock Purchase Agreement (O2wireless Solutions Inc)
No Triggering of Obligations. Except as set forth in ---------------------------- Section 4.15(h) of the Company Disclosure Schedule, the The consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of the Company to severance pay, any payment pursuant to any "golden parachute" or other agreement providing for payment to any employee of the Company upon a change in control of the Company, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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Samples: Stock Purchase Agreement (O2wireless Solutions Inc)
No Triggering of Obligations. Except as set forth in ---------------------------- Section 4.15(h) of the Company Disclosure ScheduleSchedule 2.15(e), the consummation of the transactions contemplated by this Agreement will not (i) entitle any current or former employee of Company to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement, (ii) accelerate the time of payment or vesting, or increase the amount of compensation due to any such employee or former employee employee, except as expressly provided in this Agreement, or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.
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