Common use of Severance Arrangements Clause in Contracts

Severance Arrangements. Grant any severance, termination pay or payments or benefits payable as a result of the Merger (i) to any director or officer, or (ii) to any other employee except payments made pursuant to written agreements outstanding on the date hereof;

Severance Arrangements. Grant any severance, severance or termination pay or payments or benefits payable as a result of the Merger (i) to any director or officer, officer or (ii) to any other employee except payments made pursuant to written agreements outstanding on the date hereof;