Common use of Payments Resulting from Merger Clause in Contracts

Payments Resulting from Merger. Except as set forth on Section 4.1(l)(7) of the ONEOK Disclosure Schedule or as provided under any ONEOK Benefit Plan or any agreement described in Section 4.1(l)(1)c. above, the consummation or announcement of any transaction contemplated by this Agreement will not directly or indirectly (either alone or upon the occurrence of any additional or further acts or events) result in any: a. payment (whether of severance pay or otherwise) becoming due from ONEOK or any ONEOK Affiliate to any current or former officer, director, employee or independent contractor of ONEOK or any ONEOK Affiliate or to the trustee under any "rabbi trust" or other funding arrangement, which would reasonably be expected to result in liability to NewCorp; or b. benefit under any ONEOK Benefit Plan being established or increased or becoming accelerated, vested or payable, except for a payment or benefit that would have been payable under the same terms and conditions without regard to the transactions contemplated by this Agreement, which would reasonably be expected to result in liability to NewCorp.

Payments Resulting from Merger. Except as set forth on Section 4.1(l)(74.2(m)(7) of the ONEOK WRI Disclosure Schedule or as provided under any ONEOK WRI Benefit Plan or any agreement described in Section 4.1(l)(1)c4.2(m)(1)c. above, the consummation or announcement of any transaction contemplated by this Agreement will not directly or indirectly (either alone or upon the occurrence of any additional or further acts or events) result in any: a. payment (whether of severance pay or otherwise) becoming due from ONEOK WRI or any ONEOK WRI Affiliate to any current or former officer, director, employee or independent contractor of ONEOK WRI or any ONEOK WRI Affiliate or to the trustee under any "rabbi trust" or other funding arrangement, which would reasonably be expected to result in liability to NewCorp; or b. benefit under any ONEOK WRI Benefit Plan being established or increased or becoming accelerated, vested or payable, except for a payment or benefit that would have been payable under the same terms and conditions without regard to the transactions contemplated by this Agreement, which would reasonably be expected to result in liability to NewCorp.