Common use of Acceleration and Vesting Clause in Contracts

Acceleration and Vesting. Except as set forth on Section 4.16(e) of the Purchaser Disclosure Schedule, neither the execution of this Agreement nor the consummation of the transactions contemplated hereby will (i) entitle any employees of the Purchaser or any Purchaser Subsidiary to material severance pay or any material increase in severance pay upon any termination of employment after the date of this Agreement, (ii) accelerate the time of payment or vesting or trigger any material payment or funding of compensation or benefits under, or materially increase the amount payable or trigger any other material obligation pursuant to, any of the Purchaser Plans, or (iii) limit or restrict the right of the Purchaser or any Purchaser Subsidiary to merge, amend or terminate any of the Purchaser Plans.