Common use of Employee Benefit Plans; Pay Increases Clause in Contracts

Employee Benefit Plans; Pay Increases. (i) Adopt or amend any employee benefit or stock purchase or option plan, except for amendments required under ERISA or except as necessary to maintain the qualified status of such plan under the Code or (ii) increase the annual level of compensation of any employee, or grant any unusual or extraordinary bonuses, benefits or other forms of direct or indirect compensation to any employee, officer, director or consultant, except as required by a Material Contract.

Employee Benefit Plans; Pay Increases. (i) Adopt or amend any employee or compensation benefit plan, including any stock issuance or stock purchase or option plan, or amend any compensation, benefit, entitlement, grant or award provided or made under any such plan, except for amendments in each case as required under ERISA ERISA, Applicable Law or except as necessary to maintain the qualified status of such plan under the Code or (ii) increase the annual level of compensation of any employee, or grant any unusual or extraordinary bonuses, benefits or other forms of direct or indirect compensation to any employee, officer, director or consultant, except as required by a Material Contract.Code,

Employee Benefit Plans; Pay Increases. (i) Adopt or amend any employee or compensation benefit plan, including any stock purchase, stock issuance or stock purchase or option plan, or amend any compensation, benefit, entitlement, grant or award provided or made under any such plan, except for amendments in each case as required under ERISA or except as necessary to maintain the qualified status of such plan under the Code Code, pay any special bonus or (ii) special remuneration to any employee or non-employee director, or increase the annual level salaries or wage rates of compensation of any employeeits employees, or grant add any unusual or extraordinary bonuses, benefits or other forms of direct or indirect compensation new members to any employee, officer, director or consultant, except as required by a Material Contract.the Company Board;