Common use of PAYMENTS RESULTING FROM TRANSACTIONS Clause in Contracts

PAYMENTS RESULTING FROM TRANSACTIONS. Neither the execution and delivery of this Agreement or any Operative Document nor the consummation of the transactions contemplated in (or by) this Agreement or any Operative Document will, either alone or in connection with any other action or event, (a) entitle any individual to severance pay, unemployment compensation or any other payment from the Company or any Employee Benefit Plan, (b) otherwise increase the amount of compensation due to any individual, (c) result in any benefit or right becoming established or increased, or accelerate the time of payment or vesting of any benefit, under any Employee Benefit Plan, or (d) require the Company to transfer or set aside any assets to fund or otherwise provide for any benefits for any individual.

PAYMENTS RESULTING FROM TRANSACTIONS. Neither the execution and delivery of this Agreement or any of the other Operative Document Documents nor the consummation of the transactions contemplated in (or by) this Agreement or any of the other Operative Document will, either alone or in connection with any other action or event, Documents will (a) entitle any individual current or former officer, employee, agent, director or independent contractor of the Company to severance pay, unemployment compensation pay or any other payment from the Company Company, or any Employee Benefit Plan, (b) otherwise increase the amount of compensation due to any such individual, or (cb) result in any benefit or right becoming established or increased, or accelerate the time of payment or vesting of any benefit, under any Employee Benefit Plan, whether or not some other subsequent action or event would be required to trigger any of the items specified in (a) or (db) require the Company to transfer or set aside any assets to fund or otherwise provide for any benefits for any individualabove.

PAYMENTS RESULTING FROM TRANSACTIONS. Neither the execution and delivery of this Agreement or any Operative Document nor the consummation of the transactions contemplated in (or by) this Agreement or any Operative Document will, (either alone or in connection together with any other action transaction or event, ) will (a) entitle any individual to severance pay, unemployment compensation or any other payment from the Company Company, Cobalt, Purchaser, any of their affiliates or any Employee Benefit Plan, (b) otherwise increase the amount of compensation due to any individual, (c) result in any benefit or right becoming established or increased, or accelerate the time of payment or vesting of any benefit, under any Employee Benefit Plan, or (d) require the Company Company, Cobalt, Purchaser or any of their affiliates to transfer or set aside any assets to fund or otherwise provide for any benefits for any individual.