Common use of Employees; Employee Benefit Plans Clause in Contracts

Employees; Employee Benefit Plans. (a) Other than any officers or as described in the Parent SEC Reports, Parent and Merger Sub do not have and have never had any employees. Other than reimbursement of any out-of-pocket expenses incurred by Parent’s officers and directors in connection with activities on Parent’s behalf in an aggregate amount not in excess of the amount of cash held by Parent outside of the Trust Fund, neither Parent nor Merger Sub has any unsatisfied material liability with respect to any employee.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Legato Merger Corp. Ii), Agreement and Plan of Merger (Alpine Acquisition Corp.), Merger Agreement (Motion Acquisition Corp.)

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Employees; Employee Benefit Plans. (a) Other than any officers or as described in the Parent SEC ReportsSchedule 3.14(a), Parent and Merger Sub do not have and have never had any employees. Other than reimbursement of any out-of-pocket expenses incurred by Parent’s officers and directors in connection with activities on Parent’s behalf in an aggregate amount not in excess of the amount of cash held by Parent outside of the Trust Fund, neither Parent nor Merger Sub has any unsatisfied material liability with respect to any employee.

Appears in 1 contract

Samples: Merger Agreement (Fifth Wall Acquisition Corp. I)

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