Common use of Severance Arrangements Clause in Contracts

Severance Arrangements. Seller has not entered into any severance or similar arrangement in respect of any present or former Personnel that shall result in any obligation (absolute or contingent) of Purchaser or Parent to make any payment to any present or former Personnel following termination of employment, including the termination of employment effected by the transactions contemplated by this Agreement. The consummation of the transactions contemplated by this Agreement will not trigger any severance or similar arrangement of Seller payable by Purchaser or Parent after the Closing.

Severance Arrangements. Except as set forth in Schedule 5.25, Seller has not entered into any severance or similar arrangement in respect of any present or former Personnel that shall result in any obligation (absolute or contingent) of Seller or Purchaser or Parent to make any payment to any present or former Personnel following termination of employment, including the termination of employment effected by the transactions contemplated by this Agreement. The consummation of the transactions transaction contemplated by this Agreement will not trigger any severance or similar arrangement of Seller payable by Purchaser or Parent after the Closing.

Severance Arrangements. Except as set forth in Schedule 6.25, Seller has not entered into any severance or similar arrangement in respect of any present or former Personnel that shall result in any obligation (absolute or contingent) of Seller or Purchaser or Parent to make any payment to any present or former Personnel following termination of employment, including the termination of employment effected by the transactions contemplated by this Agreement. The consummation of the transactions transaction contemplated by this Agreement will not trigger any severance or similar arrangement of Seller payable by Purchaser or Parent after the Closing.

Severance Arrangements. Seller has not entered into any severance or similar arrangement in respect of any present or former Personnel personnel that shall will result in any obligation (absolute or contingent) of Purchaser or Parent to make any payment to any present or former Personnel following termination of employment, including the termination of employment effected by the transactions contemplated by this Agreement. The consummation of the transactions contemplated by this Agreement will not trigger any severance or similar arrangement of Seller payable by Purchaser or Parent after the ClosingAssumed Employee .