Since December. 31, 1998 and through the date hereof, and except as set forth on SCHEDULE 5.19(J), neither MIOA, any of its Subsidiaries nor any MIOA ERISA Affiliate has, nor will it, (i) institute or agree to institute any new MIOA Employee Benefit Plan or practice, (ii) make or agree to make any change in any MIOA Employee Benefit Plan, (iii) make or agree to make any increase in the compensation payable or to become payable by MIOA, any of its Subsidiaries or any MIOA ERISA Affiliate to any MIOA Employee, except for normal periodic salary increases consistent with past practices, or (iv) except pursuant to this Agreement and except for contributions required to provide benefits pursuant to the provisions of the MIOA Employee Benefit Plans, pay or accrue or agree to pay or accrue any bonus, percentage of compensation, or other like benefit to, or for the credit of, any MIOA Employee.
Appears in 1 contract
Sources: Stock Exchange Agreement (Medical Industries of America Inc)
Since December. 31, 1998 1997 and through the date hereof, and except as set forth on SCHEDULE 5.19(J), neither MIOA, any of its Subsidiaries nor any MIOA ERISA Affiliate has, nor will it, (i) institute or agree to institute any new MIOA Employee Benefit Plan or practice, (ii) make or agree to make any change in any MIOA Employee Benefit Plan, (iii) make or agree to make any increase in the compensation payable or to become payable by MIOA, any of its Subsidiaries or any MIOA ERISA Affiliate to any MIOA Employee, except for normal periodic salary increases consistent with past practices, or (iv) except pursuant to this Agreement and except for contributions required to provide benefits pursuant to the provisions of the MIOA Employee Benefit Plans, pay or accrue or agree to pay or accrue any bonus, percentage of compensation, or other like benefit to, or for the credit of, any MIOA Employee.
Appears in 1 contract
Sources: Merger Agreement (Medical Industries of America Inc)
Since December. 31, 1998 and through the date hereof, and except as set forth on SCHEDULE 5.19(J5.19(j), neither MIOAMIS, any of its Subsidiaries nor any MIOA MIS ERISA Affiliate has, nor will it, (i) institute or agree to institute any new MIOA MIS Employee Benefit Plan or practice, (ii) make or agree to make any change in any MIOA MIS Employee Benefit Plan, (iii) make or agree to make any increase in the compensation payable or to become payable by MIOAMIS, any of its Subsidiaries or any MIOA MIS ERISA Affiliate to any MIOA MIS Employee, except for normal periodic salary increases consistent with past practices, or (iv) except pursuant to this Agreement and except for contributions required to provide benefits pursuant to the provisions of the MIOA MIS Employee Benefit Plans, pay or accrue or agree to pay or accrue any bonus, percentage of compensation, or other like benefit to, or for the credit of, any MIOA MIS Employee.
Appears in 1 contract
Sources: Merger Agreement (Backgenesis Inc)