Common use of Severance Obligations Clause in Contracts

Severance Obligations. The Company shall satisfy all severance --------------------- obligations related to each person employed by the Company prior to or at the Closing Date who is, or as a consequence of the transactions contemplated by this Agreement will be, entitled to any severance or compensation from the Company, any Stockholder or any Optionholder.

Appears in 3 contracts

Samples: Merger Agreement (Physicians Quality Care Inc), Merger Agreement (Physicians Quality Care Inc), Merger Agreement (Physicians Quality Care Inc)

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Severance Obligations. The Company shall satisfy all severance --------------------- ---------------------- obligations related to each person employed by the Company prior to or at the Closing Date who is, or as a consequence of the transactions contemplated by this Agreement will be, entitled to any severance or compensation from the Company, any Stockholder Company or any Optionholderthe Stockholder.

Appears in 1 contract

Samples: Form of Merger Agreement (Physicians Quality Care Inc)

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Severance Obligations. The Company shall satisfy all severance --------------------- obligations related to each person employed by the Company prior to or at the Closing Date who is, or as a consequence of the transactions contemplated by this Agreement will be, entitled to any severance or compensation from the Company, any Stockholder Company or any OptionholderStockholder.

Appears in 1 contract

Samples: Form of Merger Agreement (Physicians Quality Care Inc)

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