Common use of No Severance Payments Clause in Contracts

No Severance Payments. Except as set forth in SCHEDULE 3.27, the Seller will not owe a severance payment or similar obligation to any of its Employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.

No Severance Payments. Except as set forth in SCHEDULE 3.27Schedule 3.30, the Seller will not owe a severance payment or similar obligation to any of its Employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.

No Severance Payments. Except as set forth in SCHEDULE 3.27Schedule 3.30, the neither ------------- Seller will not owe a severance payment or similar obligation to any of its Employees, officers, or directors, as a result of the transactions contemplated by this Agreement, nor will any of such persons be entitled to an increase in severance payments or other benefits as a result of the transactions contemplated hereby, nor in the event of the subsequent termination of their employment.