Common use of No Parachute Payments Clause in Contracts

No Parachute Payments. Except as disclosed in Seller Disclosure --------------------- ----------------- Schedule 4.15, no officer, director, employee or agent (or former officer, ------------- director, employee or agent) of Seller is entitled now, or will or may be entitled as a consequence of this Agreement or the Merger, to any payment or benefit from or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.

No Parachute Payments. Except as disclosed in Seller Disclosure --------------------- ----------------- Schedule 4.15, no officer, director, employee or agent (or former officer, ------------- director, employee or agent) of Seller is entitled now, or will or may be entitled as a consequence of this Agreement or the MergerTransaction, to any payment or benefit from Seller or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.

No Parachute Payments. Except as disclosed in Seller Disclosure --------------------- ----------------- Schedule 4.15, no officer, director, employee or agent (or former officer, ------------- director, employee or agent) of Seller or any of the Seller Subsidiaries is entitled now, or will or may be entitled as a consequence of this Agreement or the Merger, to any payment or benefit from Seller or any of the Seller Subsidiaries or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.

No Parachute Payments. Except as disclosed in Seller Disclosure --------------------- ----------------- Schedule 4.15, no officer, director, employee or agent (or former officer, ------------- director, employee or agent) of Seller is entitled now, or will or may be entitled as a consequence of this Agreement or the Merger, to any payment or benefit from Seller or from Parent, which if paid or provided would constitute an "excess parachute payment," as defined in Section 280G of the Code.