Common use of Pension and Employee Benefits Clause in Contracts

Pension and Employee Benefits. Except as disclosed to the Offeror in writing on or prior to the date of this Agreement, neither the Company nor any of its Subsidiaries has, or is subject to any present or future obligation or liability under, any pension plan, deferred compensation plan, retirement income plan, stock option or stock purchase plan, profit sharing plan, bonus plan or policy, employee group insurance plan, program policy or practice, formal or informal, with respect to its employees.

Pension and Employee Benefits. Except as disclosed to the Offeror or Offeror's Parent in writing on or prior to the date of this Agreement, neither the Company nor any Subsidiary of its Subsidiaries the Company has, or is subject to to, any present or future obligation or liability under, any pension plan, deferred compensation plan, retirement income plan, stock option Option or stock purchase plan, profit sharing plan, bonus plan or policy, employee group insurance plan, program policy or practice, formal or informal, with respect to its employees.