Common use of Absence of Changes in Benefit Plans Clause in Contracts

Absence of Changes in Benefit Plans. Except as disclosed in the Filed SEC Documents or as set forth in the Company Disclosure Letter, from December 31, 1996, to the date of this Agreement, there has not been any adoption or amendment in any material respect by the Company or any of its subsidiaries of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of the Company or any of its subsidiaries (collectively, "Benefit Plans"). Except as disclosed in the Filed SEC Documents or as set forth in the Company Disclosure Letter, there are no employment, consulting, severance, termination or indemnification agreements, arrangements or understandings between the Company or any of its subsidiaries and any current or former employee, officer or director of the Company or any of its subsidiaries.

Absence of Changes in Benefit Plans. Except as disclosed From the date of the most recent audited financial statements included in the Filed Company SEC Documents or to the date of this Agreement, except as set forth in the Company SEC Documents or the Company Disclosure Letter, from December 31, 1996, to the date of this AgreementSchedule, there has not been any adoption or amendment in any material respect by the Company or any of its subsidiaries of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of the Company or any of its subsidiaries (collectively, "“Company Benefit Plans"”). Except As of the date of this Agreement, except as disclosed in the Filed Company SEC Documents or as set forth in the Company Disclosure LetterSchedule, there are no not any employment, consulting, severanceindemnification, severance or termination agreements or indemnification agreements, arrangements or understandings between the Company or any of its subsidiaries and any current or former employee, officer or director of the Company, nor does the Company have any general severance plan or any of its subsidiariespolicy.

Absence of Changes in Benefit Plans. Except as disclosed From the date of the most recent audited financial statements included in the Filed Company SEC Documents or to the date of this Agreement, except as set forth in the Company Disclosure Letter, from December 31, 1996, to the date of this Agreement, there has not been any adoption or amendment in any material respect by the Company or any of its subsidiaries Company Subsidiary of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of the Company or any of its subsidiaries Company Subsidiary (collectively, "“Company Benefit Plans"”). Except as disclosed in the Filed SEC Documents or as set forth in the Company Disclosure Letter, as of the date of this Agreement there are no not any employment, consulting, severanceindemnification, severance or termination agreements or indemnification agreements, arrangements or understandings between the Company or any of its subsidiaries Company Subsidiary and any current or former employee, executive officer or director of the Company or any of its subsidiariesCompany Subsidiary (collectively, the “Company Benefit Agreements”), nor does the Company or any Company Subsidiary have any general severance plan or policy.

Absence of Changes in Benefit Plans. Except as disclosed From the date of the most recent audited financial statements included in the Filed Company SEC Documents or to the date of this Agreement, except as set forth in the Company Disclosure Letter, from December 31, 1996, to the date of this Agreement, there has not been any adoption or amendment in any material respect by the Company or any of its subsidiaries Company Subsidiary of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of the Company or any of its subsidiaries Company Subsidiary (collectively, "“Company Benefit Plans"”). Except as disclosed in the Filed SEC Documents or as set forth in the Company Disclosure Letter, as of the date of this Agreement there are no not any employment, consulting, severanceindemnification, severance or termination agreements or indemnification agreements, arrangements or understandings between the Company or any of its subsidiaries Company Subsidiary and any current or former employee, executive officer or director of the Company or any of its subsidiariesCompany Subsidiary (collectively, the “Company Benefit Agreements”), nor does the Company or any Company Subsidiary have any general severance plan or policy.

Absence of Changes in Benefit Plans. Except as disclosed in the Filed Company SEC Documents, from the date of the most recent audited financial statements included in the Filed Company SEC Documents or as set forth in the Company Disclosure Letter, from December 31, 1996, to the date of this Agreement, there has not been any adoption or amendment in any material respect by the Company or any of its subsidiaries Company Subsidiary of any collective bargaining agreement or any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) providing benefits to any current or former employee, officer or director of the Company or any of its subsidiaries Company Subsidiary (collectively, the "Company Benefit Plans"). Except as disclosed in the Filed Company SEC Documents or Documents, as set forth in of the Company Disclosure Letter, date of this Agreement there are no not any employment, consulting, severanceindemnification, severance or termination agreements or indemnification agreements, arrangements or understandings between the Company or any of its subsidiaries Company Subsidiary and any current or former employee, executive officer or director of the Company or any of its subsidiariesCompany Subsidiary.