No Acceleration or Creation of Rights. Except as ------------------------------------- disclosed on Schedule 4.8, neither the execution and delivery of this Agreement ------------ by the Company nor the consummation of the transactions contemplated hereby (including the conversion/exercise of all of the Securities acquired or to be acquired by the Purchaser hereunder) will result in the acceleration or creation of any rights of any person to benefits under any Employee Plan (including, without limitation, the acceleration of the vesting or exercisability of any stock options, the acceleration of the vesting of any restricted stock, the acceleration of the accrual or vesting of any benefits under any Pension Plan or the acceleration or creation of any rights under any severance, parachute or change in control agreement).
Appears in 3 contracts
Sources: Stock Purchase Agreement (Prometheus Homebuilders LLC), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp)