Common use of Other Employee Benefits Matters Clause in Contracts

Other Employee Benefits Matters. Except as set forth on Schedule 3.1.17 hereto, the Seller is not a party to any employment agreements or contracts or other agreements or arrangements providing for employee remuneration or benefit. There is no agreement, policy or practice requiring the Seller to make a payment or provide any other form of compensation or benefit to any person performing services for the Seller upon termination of such services which would not be payable or provided in the absence of the consummation of this Agreement and no payment to any person will be characterized as a “parachute payment,” within the meaning of Section 280G(b)(2) of the Code due in whole or in part to the transactions contemplated by this Agreement.