Common use of Termination of Benefit Plans Clause in Contracts

Termination of Benefit Plans. Seller shall have provided Buyer with ---------------------------- evidence, reasonably satisfactory to Buyer as to the termination of all benefit plans and payments owing by Seller relating to all Employees and the termination of all Non-Transferred Employees' benefit plans.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pointshare Corp), Asset Purchase Agreement (Atroad Inc)

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Termination of Benefit Plans. Seller shall have provided Buyer with ---------------------------- evidence, reasonably satisfactory to Buyer as to the termination of all benefit plans and payments owing by Seller relating to all Employees and the termination of all Non-Transferred Employees' benefit plans.

Appears in 1 contract

Samples: Asset Purchase Agreement (Popmail Com Inc)

Termination of Benefit Plans. Seller shall have provided Buyer Purchaser with ---------------------------- evidence, reasonably satisfactory to Buyer Purchaser, as to the termination of all benefit plans and payments owing by Seller relating to all Employees and Employees. Seller shall have obtained acknowledgements, in form reasonably acceptable to Purchaser, of the termination of all Non-Transferred Employees' benefit plansof Seller's outstanding stock options, including without limitation those held by Xxxxx Xxxxx, X.X. Xxxxx and Xxxx Xxxxxx.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Phoenix Technologies LTD)

Termination of Benefit Plans. Seller shall have provided Buyer with ---------------------------- evidence, reasonably satisfactory to Buyer as to the termination of all benefit plans Employee Benefit Plans and settlement of all payments owing by Seller relating to all Employees and the termination of all Non-Transferred Employees' benefit plans.

Appears in 1 contract

Samples: Asset Purchase Agreement (Data Critical Corp)

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Termination of Benefit Plans. Seller shall have provided Buyer with ---------------------------- evidence, reasonably satisfactory to Buyer as to the termination of all benefit plans and payments owing by Seller relating to all Employees and the termination of all Non-Transferred Employees' ’ benefit plans.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wj Communications Inc)

Termination of Benefit Plans. Seller shall have provided Buyer ---------------------------- Purchaser with ---------------------------- evidence, reasonably satisfactory to Buyer Purchaser, as to the termination of all benefit plans and payments owing by Seller relating to all Employees and Employees. Seller shall have obtained acknowledgements, in form reasonably acceptable to Purchaser, of the termination of all Non-Transferred Employees' benefit plansof Seller's outstanding stock options, including without limitation those held by Xxxxx Xxxxx, X.X. Xxxxx and Xxxx Xxxxxx.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Phoenix Technologies LTD)

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