Common use of Payments Resulting from Merger Clause in Contracts

Payments Resulting from Merger. The consummation or announcement of any transaction contemplated by this Agreement will not (either alone or upon the occurrence of any additional or further facts or acts) result in any (i) payment (whether of severance pay or otherwise) becoming due from Company or any of its Subsidiaries to any officer, employee, former employee or director thereof or to the trustee under any "rabbi trust" or similar arrangement pursuant to any management, employment, deferred compensation, severance (including any payment, right or benefit resulting from a change in control), bonus or other contract for personal services with any officer, director or employee or any plan agreement or understanding similar to any of the foregoing, or (ii) benefit under any Company benefit plan being established or becoming accelerated, vested or payable.