Common use of Certain Employee Benefits Clause in Contracts

Certain Employee Benefits. (a) From the Effective Time through December 31, 2001 (the "Benefits Continuation Period"), the Surviving Corporation shall provide each person who, as of the Effective Time, is an employee of the Company or any subsidiary of the Company (a "Company Employee") with employee benefits that are comparable in the aggregate to those provided to such Company Employee immediately prior to the Effective Time, provided, however, subject to applicable law and contractual -------- ------- restrictions, that the Surviving Corporation shall have the right to amend any Company Employee Plans, including without limitation, any retiree welfare benefit plans or pension benefit plans, in effect as of the Effective Time. Notwithstanding the foregoing, from the Effective Time through the end of the Benefits Continuation Period, the Surviving Corporation shall maintain severance plans, policies and programs for the benefit of each Company employee that are substantially comparable to the severance plans, policies and programs of the Company as in effect for such employee immediately prior to the Effective Time, provided, however, that, except as required by contractual obligation, no such -------- ------- employee shall be entitled to a severance benefit in excess of one year's salary and one year's continuation of health and welfare benefits.

Certain Employee Benefits. (a) From the Effective Time through December 31June 30, 2001 2002 (the "Benefits Continuation Period"), the Surviving Corporation shall provide each person who, as of the Effective Time, is an employee of the Company or any subsidiary of the Company (a "Company Employee") with salary and employee benefits that are comparable in the aggregate to those provided to such Company Employee immediately prior to the Effective Time, provided, however, subject to applicable law and contractual -------- ------- restrictions, that (i) the Surviving Corporation shall have the right to amend any Company Employee Plans, including without limitation, any retiree welfare benefit plans or pension benefit plans, in effect as of the Effective TimeTime and (ii) the Surviving Corporation shall have the right to commence the participation of the Company Employees in Acquiror's health and welfare benefit plans effective as of January 1, 2002. Notwithstanding the foregoing, from the Effective Time through the end of During the Benefits Continuation Period, Acquiror shall cause the Surviving Corporation shall to maintain severance plans, policies and programs for the benefit of each Company employee Employee that are substantially comparable to at least as favorable as the severance plans, policies and programs of the Company as in effect for applicable to such employee employees immediately prior to the Effective Time, provided, however, that, except as required by contractual obligation, no without amendment or modification adverse to any such -------- ------- employee shall be entitled to a severance benefit in excess of one year's salary and one year's continuation of health and welfare benefitsemployee.

Certain Employee Benefits. (a) From the Effective Time through December 31June 30, 2001 (the "Benefits Continuation Period"), the Surviving Corporation shall provide each person who, as of the Effective Time, is an employee of the Company or any subsidiary of the Company (a "Company Employee") with employee benefits that are comparable in the aggregate to those provided to such Company Employee immediately prior to the Effective Time, provided, however, subject to applicable law and contractual -------- ------- restrictions, that the Surviving Corporation shall have the right to amend any Company Employee Plans, including without limitation, any retiree welfare benefit plans or pension benefit plans, in effect as of the Effective Time. Notwithstanding the foregoing, from the Effective Time through the end of the Benefits Continuation Period, Period the Surviving Corporation shall maintain severance plans, policies and programs for the benefit of each Company employee that are substantially comparable to the severance plans, policies and programs of the Company as in effect for such employee immediately prior to the Effective Time, provided, however, that, except as required by contractual obligation, no such -------- ------- employee shall be entitled to a severance benefit in excess of one year's salary and one year's continuation of health and welfare benefits.