Common use of Benefit Arrangements Clause in Contracts

Benefit Arrangements. Each Benefit Arrangement presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. Except as provided by law or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure Schedule, the employment of all persons presently employed or retained by each Seller is terminable at will without prior notice.

Benefit Arrangements. Each Benefit Arrangement presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. Except as provided by law or in any employment agreement set forth in Section 3.16(d) of on Schedule 3.19, the Seller Disclosure ScheduleEmployment Agreements or the Noncompetition Agreements, the employment of all persons presently employed or retained by each Seller DCS is terminable at will without prior noticewill.

Benefit Arrangements. Each Benefit Arrangement presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Internal Revenue Code. Except as provided by law Law, or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure ScheduleSchedule 3.22(b)(iv), the employment of all persons presently employed or retained by each Seller Holding or the AAC Companies is terminable at will without prior noticewill.

Benefit Arrangements. Each Benefit Arrangement -------------------- presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Internal Revenue Code. Except as provided by law law, or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure ScheduleSchedule 3.22, the employment of all persons presently employed or retained by each Seller the Company or any of its Subsidiaries is terminable at will without prior noticewill.

Benefit Arrangements. Each Benefit Arrangement which presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. Except as provided by law or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure Scheduleon Schedule 3.19, the employment of all persons presently employed or retained by each Seller the Company is terminable at will without prior noticewill.

Benefit Arrangements. Each Benefit Arrangement presently -------------------- complies in all material respects and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, including the Internal Revenue Code. Except as provided by law law, or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure ScheduleSchedule 3.23, the employment of all persons presently employed or retained by each Seller the Company, its Subsidiaries or Chroma is terminable at will without prior noticewill.

Benefit Arrangements. Each Benefit Arrangement presently complies and has been maintained in compliance in all material respects with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations which are applicable to such Benefit Arrangement, including, without limitation, the Code. Except as provided by law or in any employment agreement set forth in Section 3.16(d) of the Seller Disclosure Scheduleon Schedule 3.9(a), the employment of all persons Persons presently employed or retained by each the Seller is terminable at will without prior noticewill.