Severance and Employment Agreements. (a) Except as disclosed in the Company Disclosure Statement, none of the Company, any Subsidiary or the Joint Venture has entered into any written or oral agreement or understanding providing for severance or termination payments to any director, officer, employee or consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company. The details of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, have been previously provided to Agnico-Eagle and such amounts do not and will not exceed $7 million in the aggregate.
Severance and Employment Agreements. Except as disclosed in the Disclosure Letter, neither the Company nor any of its Subsidiaries has entered into any written agreement relating to employment, compensation, severance, retention, change of control, termination or the provision of other benefits, with any directors or senior management.
Severance and Employment Agreements. Except as set forth in Subsection 5.13(l) of the Acquiror's Disclosure Letter, neither the Acquiror nor any of its Subsidiaries is a party to or is bound by any severance agreement (involving $50,000 or more), program or policy. True and correct copies of all employment agreements with officers of the Acquiror and its Subsidiaries, and all vacation, overtime and other compensation policies of the Acquiror and its Subsidiaries relating to their employees have been made available to the Acquiror.
Severance and Employment Agreements. Central Host is not a party to any agreements, and has no policy of, providing for severance or termination payments to any officer, director consultant or employee of Central Host.
Severance and Employment Agreements. Neither VPSI nor any of its Subsidiaries is a party to any agreements, and VPSI and its Subsidiaries have no policy of, providing for severance or termination payments to, any officer, director, consultant or employee of VPSI and its Subsidiaries.
Severance and Employment Agreements. Except as set forth in Subsection 4.13(l) of the Company's Disclosure Letter, the Company is not a party to nor is it bound by any severance agreement (involving $50,000 or more), program or policy. True and correct copies of all employment agreements with officers of the Company and all vacation, overtime and other compensation policies of the Company relating to its employees have been made available to the Acquiror. AGREEMENT AND PLAN OF MERGER -14-
Severance and Employment Agreements. Section 3.11(a) and ----------------------------------- Section 3.11(b) of the Company Letter collectively contain a list of all (i) severance and employment agreements with employees of the Company and each Subsidiary and ERISA Affiliate, (ii) severance programs and policies of the Company and each Subsidiary and ERISA Affiliate with or relating to its employees and (iii) plans, programs, agreements and other arrangements of the Company and each Subsidiary and ERISA Affiliate with or relating to its employees containing change of control or similar provisions.
Severance and Employment Agreements. (a) Neither the Company nor any Subsidiary has entered into any written agreement providing for severance or termination payments to any director, officer or employee in connection with the termination of his or her position or employment following a change in control of the Company. The details of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, are set out in the Disclosure Letter and such amounts do not and will not exceed $5 million in the aggregate.
Severance and Employment Agreements. (a) Except as set out in the Disclosure Letter, the Company has not entered into any written or oral agreement or understanding providing for severance, termination or other payments to any director, officer, employee or consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company or otherwise on a change in control of the Company. The amounts of such payment requirements do not and will not exceed $292,000 in the aggregate.
Severance and Employment Agreements. Except as provided in this Agreement, OnMoney will pay all severance and other amounts, if any, that may be due to any Company employee who has terminated or terminates his or her employment with the Company after June 1, 2000 and prior to the Closing Date. Any severance and other amounts payable to a Company employee who terminates his or her employment with the Company on or after June 1, 2000 and prior to the Closing Date shall be deducted from the Purchase Price, as set forth in Section 3.1(d), unless OnMoney consents to the payment of such severance or other amounts prior to the Closing Date. The Company shall also pay all liabilities due and payable to the Company's retired employees and other employees who terminate their employment with the Company in connection with the consummation of the transactions contemplated by this Agreement (other than pension liabilities). All such payments made pursuant to the prior sentence shall be deducted from the Purchase Price, as set forth in Section 3.1(d).
