Common use of No Third-Party Beneficiaries; No Termination of Employment Clause in Contracts

No Third-Party Beneficiaries; No Termination of Employment. No provision of this Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any Active Constar Employee or Former Constar Employee under any Crown Plan or Constar Plan or otherwise. Without limiting the generality of the foregoing, neither the Offering nor the termination of the controlled group status of a member of the Constar Group shall cause any employee to be deemed to have incurred a termination of employment that by itself entitles such individual to the commencement of benefits under any of the Crown Plans, any of the Constar Plans, or any individual agreements.

Appears in 5 contracts

Samples: Benefits Allocation Agreement, Benefits Allocation Agreement (Constar Inc), Benefits Allocation Agreement (Constar International Inc)

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No Third-Party Beneficiaries; No Termination of Employment. No provision of this Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any Active Constar Employee or Former Constar Employee under any Crown Plan or Constar Plan or otherwise. Without limiting the generality of the foregoing, neither the Offering nor the termination of the controlled group status of a member of the Constar Group shall cause any employee to be deemed to have incurred a termination of employment that by itself entitles such individual to the commencement of benefits under any of the Crown Plans, any of the Constar Plans, or any individual agreements.. Section 8.9

Appears in 1 contract

Samples: Benefits Allocation Agreement

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