Common use of Change of Control Payments Clause in Contracts

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractor, consultant, agent or employee of either Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Presbia PLC)

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Change of Control Payments. Neither the The execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions will not (a) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractor, consultant, agent director or employee of either Companyany of the Companies from any of the Companies, (b) materially increase any benefits otherwise payable under any Scheduled Plan or (c) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Purchase Agreement (Sonus Corp)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractormanager, consultant, agent officer or employee of either Companythe Company from the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Stock Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractormanager, consultant, agent officer or employee of either Companyany Company from such Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Stock Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachuteparachutes, bonus bonus, or otherwise) becoming due to any officer, director, independent contractor, consultant, agent director or employee of either CompanyEAST or any of its subsidiaries, (ii) increase any benefits otherwise payable by EAST or any of its subsidiaries or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Act Manufacturing Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officermanager, director, independent contractor, consultant, agent member or employee of either Companythe Company from the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officerstockholder, director, independent contractormanager, consultant, agent member or employee of either Companythe Company from the Company becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachuteparachutes, bonus or otherwise) becoming due to any officer, director, independent contractor, consultant, agent director or employee of either CompanyWEST or any of its subsidiaries, (ii) increase any benefits otherwise payable by WEST or any of its subsidiaries or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Act Manufacturing Inc)

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Change of Control Payments. Neither Except as set forth in Schedule 2.26, neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions Transaction will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractor, consultant, agent director or employee of either the Company from the Company, (ii) increase any benefits otherwise payable under any other Employee Benefit Plan, or (iii) result in the acceleration of the time of payment or vesting of any such benefits.

Appears in 1 contract

Samples: Stock Purchase Agreement (Electro Rent Corp)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officerstockholder, director, independent contractormanager, consultant, agent member or employee of either CompanySeller from Seller becoming due, materially increasing or accelerating.

Appears in 1 contract

Samples: Asset Purchase Agreement (Innerworkings Inc)

Change of Control Payments. Neither Except for the Transaction Bonus, neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated hereby will result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due from the Company to any officerstockholder, director, independent contractor, consultant, agent officer or employee of either the Company, or any such payment materially increasing or accelerating (except as contemplated by this Agreement or the effect of which is contingent upon the consummation of the Merger).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Groupon, Inc.)

Change of Control Payments. Neither the execution and delivery of this Agreement or any of each Company’s Closing Documents nor the consummation of the Transactions transactions contemplated herein will (i) result in any payment (including, without limitation, severance, unemployment compensation, golden parachute, bonus or otherwise) becoming due to any officer, director, independent contractor, consultant, agent officer or employee of either the Company from the Company, (ii) materially increase any benefits otherwise payable under any Employee Benefit Plan, or (iii) result in the acceleration of the time of payment or vesting of any benefits.

Appears in 1 contract

Samples: Stock Purchase Agreement (Viasoft Inc /De/)

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