Change of Control Payments. Neither the execution, delivery and performance by PharmaHub of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHub, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHub. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 2 contracts
Samples: Merger Agreement (China PharmaHub Corp.), Merger Agreement (World Wide Relics Inc.)
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub WWR of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubWWR, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubWWR. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub WWR has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 2 contracts
Samples: Merger Agreement (China PharmaHub Corp.), Merger Agreement (World Wide Relics Inc.)
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub Fastfix of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubFastfix, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubFastfix. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub Fastfix has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 1 contract
Samples: Acquisition Agreement (Madison Enterprises Group, Inc.)
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub WSA of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubWSA, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubWSA. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub WSA has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 1 contract
Samples: Share Purchase and Merger (WALL STREET ACQUISITIONS, Corp)
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub Aclor of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubAclor, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubAclor. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub Aclor has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 1 contract
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub ISIM of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubISIM, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubISIM. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub ISIM has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
Appears in 1 contract
Samples: Acquisition Agreement
Change of Control Payments. Neither the execution, delivery and performance by PharmaHub Whitemark of this Agreement nor the consummation of any of the transactions contemplated by this Agreement shall require any payment by PharmaHubWhitemark, in cash or kind, under any agreement, plan, policy, commitment or other arrangement of PharmaHubWhitemark. There are no agreements, plans, policies, commitments or other arrangements with respect to any compensation, benefits or consideration which will be materially increased, or the vesting of benefits of which will be materially accelerated, as a result of the execution and delivery of this Agreement and any of the Exhibits to this Agreement or the occurrence of any of the transactions completed by this Agreement. There are no payments or other benefits, the value of which will be calculated on the basis of any of the transactions contemplated by this Agreement. PharmaHub Whitemark has not made, is not obligated to make, and is not a party to any agreement that under certain circumstances could obligate it to make any “excess parachute payment” as defined in Code Section 280G.
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