Common use of Changes to Benefits Clause in Contracts

Changes to Benefits. In the event the Board desires to approve a merger to be accounted for as a "pooling of interests," the Executive will, in good faith, negotiate with the Company concerning such changes in the foregoing payments and benefits (if any) as may be necessary in order to achieve such accounting treatment. The parties acknowledge that the Executive's obligation to negotiate in good faith hereunder will not require him to accept a material reduction in the net after tax benefits provided to him hereunder or in any alternative agreement or arrangement.

Changes to Benefits. In the event the Board desires to approve a merger to be accounted for as a "pooling of "interests," the Executive will, in good faith, negotiate with the Company concerning such changes in the foregoing payments and benefits (if any) as may be necessary in order to achieve such accounting treatment. The parties acknowledge that the Executive's obligation to negotiate in good faith hereunder will not require him to accept a material reduction in the net after tax benefits provided to him hereunder or in any alternative agreement or arrangement.