Common use of Severance Obligations Clause in Contracts

Severance Obligations. Schedule 3.9.2 is a true and complete list of each individual employed by the Company on December 31, 2010 and each individual hired by the Company following December 31, 2010. Schedule 3.9.2 sets forth the maximum severance or termination payment obligation that the Surviving Corporation would be contractually obligated to pay for each such individual if they were terminated the day immediately following the Closing Date.

Appears in 1 contract

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

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Severance Obligations. Schedule 3.9.2 3.10.2 is a true and complete list of each individual employed by the Company and each Subsidiary on December 31, 2010 the Interim Balance Sheet Date and each individual hired by the Company or any Subsidiary of the Company following December 31, 2010the Interim Balance Sheet Date. Schedule 3.9.2 3.10.2 sets forth the maximum severance or termination payment obligation that the Surviving Corporation Company or any Subsidiary would be contractually obligated to pay for each such individual if they were terminated the day immediately following the Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Invigor Group LTD)

Severance Obligations. Schedule 3.9.2 3.10.2 is a true and complete list of each individual employed by the Company on December 31, 2010 the Interim Balance Sheet Date and each individual hired by the Company or any Subsidiary of the Company following December 31, 2010the Interim Balance Sheet Date. Schedule 3.9.2 3.10.2 sets forth the maximum severance or termination payment obligation that the Surviving Corporation Company or its Subsidiary would be contractually obligated to pay for each such individual if they were terminated the day immediately following the Closing Date.

Appears in 1 contract

Samples: Stock Purchase Agreement (KIT Digital, Inc.)

Severance Obligations. Schedule 3.9.2 3.10.2 is a true and complete list of each individual employed by the Company on December 31, 2010 the Interim Balance Sheet Date and each individual hired by the Company or any Subsidiary of the Company following December 31, 2010the Interim Balance Sheet Date. Schedule 3.9.2 3.10.2 sets forth the maximum severance or termination payment obligation that the Surviving Corporation would be contractually obligated to pay for each such individual if they were terminated the day immediately following the Closing Date.

Appears in 1 contract

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

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Severance Obligations. Schedule 3.9.2 is a true and complete list of each individual employed by the Company on December August 31, 2010 2009 and each individual hired by the Company following December August 31, 20102009. Schedule 3.9.2 sets forth the maximum severance or termination payment obligation that the Surviving Corporation would be contractually obligated to pay for each such individual if they were terminated the day immediately following the Closing Date.

Appears in 1 contract

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

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