Common use of Employee Programs Clause in Contracts

Employee Programs. Parent will maintain each of the Employee ----------------- Programs (as such term is defined in Section 2.22) listed on SCHEDULE 2.22 or Employee Programs which are at least comparable, in the aggregate, to those listed on SCHEDULE 2.22 until at least the fifth anniversary of the Closing Date unless Parent institutes for the benefit of the employees covered by such Employee Programs, new or different programs which are, in the aggregate, comparable to or better than, in terms of level of benefits, such Employee Programs; provided however, that the parties hereto agree that neither Parent -------- ------- nor any of its affiliates shall be required to adopt or maintain a defined benefit plan.