Payments to Officers. Except as described on Exhibit 7.15, the Company shall not loan or advance any amount to, or sell, transfer or lease any properties or assets (real, personal or mixed, tangible or intangible), to, or enter into any agreement or arrangement with, any of the Company's officers or directors, except for compensation to officers pursuant to existing agreements, copies of which have been delivered to Parent, and reimbursement of expenses incurred by employees of the Company in connection with their employment.
Payments to Officers. The Seller will not pay, loan, or advance any amount to, or sell, transfer, or lease any properties or assets (real, personal, or mixed, tangible or intangible) to, or enter into any agreement or arrangement with, the Benefit's officers or directors or any "affiliate" or "associate" of any such officers or directors (as such terms are defined in the rules and regulations of the Securities and Exchange Commission under the Securities Act of 1933, as amended), except for compensation to officers, and reimbursement of expenses incurred by employees in connections with their employment, nor will it allow any such occurrences, except in the ordinary course of business and disclosed to Buyer.
Payments to Officers. Effective immediately, all dividends, distributions and other payments to officers, present or future, whether by way of stock redemption, payments on preferred stock, or deferred compensation, principal or interest, shall cease in their entirety, except for those payments specifically permitted by this Agreement, other than in connection with a 401K Plan.
Payments to Officers. A new Section 7.14 is added to the Loan Agreement as follows:
Payments to Officers. Borrower shall not pay bonus payments to employees of Borrower who are stockholders of Borrower if doing so would result in an Acceleration Transaction pursuant to the Medecis Settlement Agreement.”
Payments to Officers. Directors or their Affiliates. Paid any funds to any of its officers or directors, or to any family member of any of them, or any Person in which any of the foregoing have any direct or indirect interest, except for the payment of installments of annual salaries and the bonuses accrued at the last day of Seller's fiscal year.
Payments to Officers. Except as described on Exhibit 9.16, the Seller shall not loan or advance any amount to, or sell, transfer or lease any properties or assets (real, personal or mixed, tangible or intangible), to, or enter into any agreement or arrangement with, any of the Seller's officers or directors, except for compensation to officers pursuant to existing agreements, copies of which have been delivered to Parent, and reimbursement of expenses incurred by employees of the Seller in connection with their employment.
Payments to Officers. The Seller will not pay, loan, or advance any amount to, or sell, transfer, or lease any properties or assets (real, personal, or mixed, tangible or intangible) to, or enter into any agreement or arrangement with TSLIC's officers or directors or any "affiliate" or "associate" of any such officers or directors (as such terms are defined in the rules and regulations of the Securities and Exchange Commission under the Securities Act of 1933, as amended), except for compensation to officers, and reimbursement of expenses incurred by employees in connections with their current employment, nor will it allow any such occurrences, except in the ordinary course of business and disclosed to Buyer.
Payments to Officers. The Sel1er will not pay, loan, or advance any amount to, or sell, transfer, or lease any properties or assets (real, personal, or mixed, tangible or intangible) to, or enter into any agreement or arrangement with Great's officers or directors or any "affiliate" or "associate" of any such officers or directors (as such terms are defined in the rules and regulations of the Securities and Exchange Commission under the Securities Act of 1933, as amended), except for compensation to officers, and reimbursement of expenses incurred by employees in connections with their current employment, nor will it allow any such occurrences, except in the ordinary course of business consistent with past practices and disclosed to Buyer.
