Certain Employee Payments. Except for an employment agreement with G▇▇▇▇ ▇▇▇▇▇▇▇▇▇, the Company is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of the Company of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a "parachute payment" (within the meaning of Section 280G of the Internal Revenue Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 3 contracts
Sources: Agreement and Plan of Reorganization (Intelligent Buying, Inc.), Agreement and Plan of Reorganization (Intelligent Buying, Inc.), Agreement and Plan of Reorganization (Intelligent Buying, Inc.)
Certain Employee Payments. Except for an employment agreement Employment Agreements with G▇▇▇▇ ▇▇▇▇▇▇▇▇▇, G▇▇▇▇▇ ▇▇▇▇▇▇ and J▇▇▇▇ ▇▇▇▇▇▇▇, the Company is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of the Company of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this Agreement, whether or not (i) such payment, acceleration or provision would constitute a "parachute payment" (within the meaning of Section 280G of the Internal Revenue Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 1 contract
Sources: Agreement and Plan of Reorganization (Intelligent Buying, Inc.)
Certain Employee Payments. Except for an employment agreement with G▇▇▇▇ ▇▇▇▇▇▇▇▇▇, the The Company is not a party to any employment agreement which could result in the payment to any current, former or future director or employee of the Company of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee or director as a result of the transactions contemplated by this AgreementAgreement (excluding a finders fee payable to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇), whether or not (i) such payment, acceleration or provision would constitute a "parachute payment" (within the meaning of Section 280G of the Internal Revenue Code), or (ii) some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Appears in 1 contract
Sources: Merger Agreement (Biostem, Inc.)