Common use of Benefit Plans and Agreements Clause in Contracts

Benefit Plans and Agreements. None of the Borrower or any Subsidiary will (a) become the sponsor of, incur any responsibility to contribute to or otherwise incur actual or potential liability with respect to, any Benefit Plan, (b) allow any “employee benefit plan” as defined in section 3(3) of ERISA that provides retirement benefits, is sponsored by the Borrower, any Subsidiary or any of their ERISA Affiliates, and is intended to be Tax qualified under section 401 or 501 of the Code to cease to be Tax qualified, (c) allow the assets of any Tax qualified retirement plan to become invested in Capital Securities of the Borrower or any Subsidiary, (d) allow any employee benefit plan, program or arrangement sponsored, maintained, contributed to or required to be contributed to by the Borrower or any Subsidiary to fail to comply in all material respects with its terms and applicable Laws, or (e) allow any employee benefit plan as defined in section 3(3) of ERISA that provides medical, dental, vision, or long-term disability benefits and that is sponsored by the Borrower or any of its Subsidiaries or any of their ERISA Affiliates (or under which any of these Persons has any actual or potential liability), to cease to be fully insured by a third party insurance company. None of the Borrower or any of its Subsidiaries will enter into any employment, severance, change in control, independent contractor, or consulting agreements or grant any equity awards other than in the ordinary course of business and consistent with past practice.

Benefit Plans and Agreements. None of the Borrower or any Subsidiary will (ai) become the sponsor of, incur any responsibility to contribute to or otherwise incur actual or potential liability with respect to, any Benefit Plan, (bii) allow any “employee benefit plan” as defined in section 3(3) of ERISA that provides retirement benefits, is sponsored by the Borrower, any Subsidiary or any of their ERISA Affiliates, and is intended to be Tax tax qualified under section 401 or 501 of the Code to cease to be Tax tax qualified, (ciii) allow the assets of any Tax tax qualified retirement plan to become invested in Capital Securities of the Borrower or any Subsidiary, (div) allow any employee benefit plan, program or arrangement sponsored, maintained, contributed to or required to be contributed to by the Borrower or any Subsidiary to fail to comply in all material respects with its terms and applicable Lawslaw, or (ev) allow any employee benefit plan as defined in section Section 3(3) of ERISA that provides medical, dental, vision, or long-term disability benefits and that is sponsored by the Borrower or any of its Subsidiaries or any of their ERISA Affiliates (or under which any of these Persons entities has any actual or potential liability), to cease to be fully insured by a third third-party insurance company. None of the The Borrower or any of its Subsidiaries will not enter into any employment, severance, change in control, independent contractor, or consulting agreements or grant any equity awards other than in the ordinary course of business and consistent with past practicebusiness.

Benefit Plans and Agreements. None of the Borrower or any Subsidiary will (ai) become the sponsor of, incur any responsibility to contribute to or otherwise incur actual or potential liability with respect to, any Benefit Plan, (bii) allow any “employee benefit plan” as defined in section 3(3) of ERISA that provides retirement benefits, is sponsored by the Borrower, any Subsidiary or any of their ERISA Affiliates, and is intended to be Tax tax qualified under section 401 or 501 of the Code to cease to be Tax tax qualified, (ciii) allow the assets of any Tax tax qualified retirement plan to become invested in Capital Securities of the Borrower or any Subsidiary, (div) allow any employee benefit plan, program or arrangement sponsored, maintained, contributed to or required to be contributed to by the Borrower or any Subsidiary to fail to comply in all material respects with its terms and applicable Lawslaw, or (ev) allow any employee benefit plan as defined in section Section 3(3) of ERISA that provides medical, dental, vision, or long-term disability benefits and that is sponsored by the Borrower or any of its Subsidiaries or any of their ERISA Affiliates (or under which any of these Persons entities has any actual or potential liability), to cease to be fully insured by a third third-party insurance company. None of the The Borrower or any of its Subsidiaries will not enter into any employment, severance, change in control, independent contractor, or consulting agreements or grant any equity awards other than in the ordinary course of business and consistent with past practicebusiness.

Benefit Plans and Agreements. None of the Borrower or any Subsidiary will (ai) become the sponsor of, incur any responsibility to contribute to or otherwise incur actual or potential liability with respect to, any Benefit Plan, (bii) allow any “employee benefit plan” as defined in section 3(3) of ERISA that provides retirement benefits, is sponsored by the Borrower, any Subsidiary or any of their ERISA Affiliates, and is intended to be Tax tax qualified under section 401 or 501 of the Code to cease to be Tax tax qualified, (ciii) allow the assets of any Tax tax qualified retirement plan to become invested in Capital Securities of the Borrower or any Subsidiary, (div) allow any employee benefit plan, program or arrangement sponsored, maintained, contributed to or required to be contributed to by the Borrower or any Subsidiary to fail to comply in all material respects with its terms and applicable Lawslaw, or (ev) allow any employee benefit plan as defined in section Section 3(3) of ERISA that provides medical, dental, vision, or long-term disability benefits and that is sponsored by the Borrower or any of its the Subsidiaries or any of their ERISA Affiliates (or under which any of these Persons entities has any actual or potential liability), to cease to be fully insured by a third third-party insurance company. None of the The Borrower or any of its Subsidiaries will not enter into any employment, severance, change in control, independent contractor, or consulting agreements or grant any equity awards other than in the ordinary course of business and consistent with past practice.