Certain Employee Payments. Parent and Merger Sub are not parties to any employment agreement which could result in the payment to any current, former or future director or employee of Parent or Merger Sub of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a “parachute payment” (within the meaning of Section 280G of the Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 8 contracts
Samples: Acquisition Agreement and Plan of Merger, Acquisition Agreement and Plan of Merger (Tca Global Credit Master Fund Lp.), Acquisition Agreement and Plan of Merger (Lighttouch Vein & Laser Inc)
