Common use of Changes in Employment Arrangements Clause in Contracts

Changes in Employment Arrangements. Except as set forth in Section 6.2 of the Disclosure Schedule, neither the Company nor any of its Subsidiaries shall adopt or amend (except as may be required by law) any bonus, profit sharing, compensation, stock option, pension, retirement, deferred compensation, employment or other employee benefit plan, agreement, trust, fund or other arrangement (including any Company Plan) for the benefit or welfare of any employee, director or former director or employee, other than increases for individuals other than officers and directors) in the ordinary course of business consistent with. past practice or increase the compensation or fringe benefits of any director, employee or former director or employee or pay any benefit not required by any existing plan, arrangement or agreement.

Changes in Employment Arrangements. Except as set forth contemplated by the transactions provided for in Section 6.2 of the Disclosure ScheduleAgreement, neither the Company Companies nor any of its Subsidiaries their subsidiaries shall adopt or amend (except as may be required by law) any bonus, profit sharing, compensation, stock option, pension, retirement, deferred compensation, employment or other employee benefit plan, agreement, trust, fund or other arrangement (including any Company Plan) for the benefit or welfare of any employee, director or former director or employee, other than increases for individuals (other than officers and directors) in the ordinary course of business consistent with. with past practice or increase the compensation or fringe benefits of any director, employee or former director or employee or pay any benefit not required by any existing plan, arrangement or agreement.