Common use of Pension and Compensation Plans Clause in Contracts

Pension and Compensation Plans. The failure by the Company to continue in effect any pension or compensation plan or agreement in which Mr. McCrary participates or is a party as of txx xxxx xx the Change in Control or the elimination of Mr. McCrary's participation therein, (except fxx xxxxxx-xxx-board plan changes or terminations similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company). For purposes of this Paragraph 1.(n), a "pension plan or agreement" shall mean any written arrangement executed by an authorized officer of the Company which provides for payments upon retirement; and a "compensation plan or arrangement" shall mean any written arrangement executed by an authorized officer of the Company which provides for periodic, non-discretionary compensatory payments in the nature of bonuses.

Pension and Compensation Plans. The failure by the Company to continue in effect any pension or compensation plan or agreement in which Mr. McCrary participates or is a party as of txx the xxxx xx the xxe Change in Control or the elimination of Mr. McCrary's participation therein, (except fxx for xxxxxx-xxx-board xoard plan changes or terminations similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company). For purposes of this Paragraph 1.(nl.(n), a "pension plan or agreement" shall mean any written arrangement executed by an authorized officer of the Company which provides for payments upon retirement; and a "compensation plan or arrangement" shall mean any written arrangement executed by an authorized officer of the Company which provides for periodic, non-discretionary compensatory payments in the nature of bonuses.

Pension and Compensation Plans. The failure by the Company to continue in effect any pension or compensation plan or agreement in which Mr. McCrary participates or is a party as of txx the xxxx xx the xxe Change in Control or the elimination of Mr. McCrary's participation therein, (except fxx for xxxxxx-xxx-board xoard plan changes or terminations similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company). ; For purposes of this Paragraph 1.(n), a "pension plan or agreement" shall mean any written arrangement executed by an authorized officer of the Company which provides for payments upon retirement; and a "compensation plan or arrangement" shall mean any written arrangement executed by an authorized officer of the Company which provides for periodic, non-discretionary compensatory payments in the nature of bonuses.

Pension and Compensation Plans. The failure by the Company to continue in effect any pension or compensation plan or agreement in which Mr. McCrary Martin participates or is a party as of the date of txx xxxx xx the Change Xxxxxx in Control or the elimination of Mr. McCraryMartin's participation therein, (except fxx xxxxxxfor across-xxxthx-board plan xxxxx xxxx changes or terminations similarly affecting at least ninety-five percent (95%) of the Executive Employees of the Company). For purposes of this Paragraph 1.(nl.(n), a "pension plan or agreement" shall mean any written arrangement executed by an authorized officer of the Company which provides for payments upon retirement; and a "compensation plan or arrangement" shall mean any written arrangement executed by an authorized officer of the Company which provides for periodic, non-discretionary compensatory payments in the nature of bonuses.