Common use of Action During Interim Period Clause in Contracts

Action During Interim Period. During the Interim Period, the Corporation shall be operated and managed in the usual and ordinary course of business such that the Corporation shall: (1) other than changes to compensation or other benefits which have been approved by a majority of the board of directors or in accordance with existing agreements, not make or agree to make any material change in the compensation of any Senior Employee and not pay or agree to pay or set aside any bonus, profit sharing, retirement, insurance, death, severance or fringe benefit or other extraordinary or indirect compensation to, for or on behalf of any Senior Employee; (2) not dispose of any of the Assets, except for sales of inventories in the normal course of business; (3) not enter into any Material Contract that is not in the normal course of business; (4) not issue any shares or other securities of the Corporation in connection with the warrant transactions or the exercise of options already granted;

Action During Interim Period. During the Interim Period, the Corporation Corporations shall be operated and managed in the usual and ordinary course of business such that the Corporation Corporations shall: (1) other than changes to compensation or other benefits which have been approved by a majority of the board of directors or in accordance with existing agreements, not make or agree to make any material change in the compensation of any Senior Employee and not pay or agree to pay or set aside any bonus, profit sharing, retirement, insurance, death, severance or fringe benefit or other extraordinary or indirect compensation to, for or on behalf of any Senior Employee; (2) not dispose of any of the Assets, except for sales of inventories in the normal course of business; (3) not enter into any Material Contract that is not in the normal course of business; (4) not issue any shares or other securities of the Corporation Corporations in connection with the warrant transactions or the exercise of options already granted;