Common use of Benefits; Prior Service Clause in Contracts

Benefits; Prior Service. From and after the Effective Time, Company employees shall be provided with employee benefits that are substantially similar to those provided to employees of Parent who are similarly situated. Parent shall cause employees of the Company and its Subsidiaries to be credited with service with the Company and each of its Subsidiaries for purposes of eligibility and vesting under each employee benefit plan maintained by Parent or its Subsidiaries prior to the Effective Time. Parent shall have the absolute discretion to (i) cash-out Company employees accrued and unused vacation, personal and sick leave days or to (ii) carry over Company employees’ accrued but unused vacation, personal and sick leave days; provided, that, such service shall not be recognized to the extent that such recognition would result in duplication of benefits.

Benefits; Prior Service. From and after the Effective Time, ----------------------- Company employees shall be provided with employee benefits that are substantially similar to the same as those provided to employees of Parent who are similarly situated. Parent shall cause employees of the Company and its Subsidiaries subsidiaries to be credited with service with the Company and each of its Subsidiaries subsidiaries for purposes of eligibility eligibility, vesting and vesting accrual of vacation days, personal days and sick leave under each employee benefit plan maintained by Parent or its Subsidiaries subsidiaries prior to the Effective Time. Parent shall have the absolute discretion to (i) cash-out Company employees accrued and unused vacation, personal and sick leave days or to (ii) carry over Company employees’ ' accrued but unused vacation, personal and sick leave days; provided, that, such service shall not be recognized to the extent -------- ---- that such recognition would result in duplication of benefits.

Benefits; Prior Service. From and after the Effective Time, Company employees shall be provided with employee benefits that are substantially similar to the same as those provided to employees of Parent who are similarly situated. Parent shall cause employees of the Company and its Subsidiaries subsidiaries to be credited with service with the Company and each of its Subsidiaries subsidiaries for purposes of eligibility eligibility, vesting and vesting accrual of vacation days, personal days and sick leave under each employee benefit plan maintained by Parent or its Subsidiaries subsidiaries prior to the Effective Time. Parent shall have the absolute discretion to (i) cash-out Company employees accrued and unused vacation, personal and sick leave days or to (ii) carry over Company employees’ ' accrued but unused vacation, personal and sick leave days; providedPROVIDED, thatTHAT, such service shall not be recognized to the extent that such recognition would result in duplication of benefits.