Common use of Third Party Rights/Amendments to Employee Plans Clause in Contracts

Third Party Rights/Amendments to Employee Plans. Nothing in this Agreement, express or implied, shall affect the right of the Company (or, following the Closing Date, Parent or its Subsidiaries) to terminate the employment of any employee of the Company or Company Subsidiaries. Nothing in this Agreement shall be construed to grant any current or former employee of the Company or any of its Subsidiaries a right to continued employment by, or to receive any payment or benefits from, the Company or any of its Subsidiaries or through any Company Employee Plan, or other benefit plan that increases or expands such Person’s rights beyond what is provided by the terms of such plan. This Agreement shall not limit the ability or right of the Company or its Subsidiaries (or Parent or its Affiliates after the Closing) to amend or terminate any Company Employee Plan or other benefit or compensation plan or program (including any policy plan program or arrangement maintained by Parent or any of its Subsidiaries) and nothing contained herein shall be construed as an amendment to or modification of any such plan. Except as set forth in Section 6.3 or 6.4 (or as otherwise set forth in Section 11), nothing contained in this Agreement, express or implied, shall (a) constitute an amendment to any Company Employee Plan or other benefit plan, (b) create any third party beneficiary rights in favor of any employees of the Company or (c) inure to the benefit of or be enforceable by any employee, director or consultant of the Company, Parent, any of their respective Subsidiaries and Affiliates, of any entity or any Person representing the interest of any employees, directors or consultants or of any Person whose rights are derivative of any such employee (including a family member or estate of the employee).

Third Party Rights/Amendments to Employee Plans. Nothing in this Agreement, express or implied, shall affect the right of the Company Seller (or, following the Closing DateClosing, Parent or Buyer and its Subsidiaries) to terminate the employment of any employee of the Company or Company Subsidiariesemployee, including any Business Employee. Nothing in this Agreement shall be construed to grant any current or former employee of the Company or any of its Subsidiaries Business Subsidiary a right to continued employment by, or to receive any payment or benefits from, the Company or any of its Subsidiaries Business Subsidiary or through any Company Employee Plan, including any Seller Plan or Subsidiary Plan, or other benefit plan that increases or expands such Person’s rights beyond what is provided by the terms of such plan. This Agreement shall not limit the ability or right of the Company Seller or its Subsidiaries Affiliates (or Parent Buyer or its Affiliates after the Closing) to amend or terminate any Company Employee Plan or other benefit or compensation plan or program (including any policy plan program or arrangement maintained by Parent or any of its Subsidiaries) and nothing contained herein shall be construed as an amendment to or modification of any such plan. Except as set forth in Section 6.3 or 6.4 (or as otherwise set forth in Section 11), nothing Nothing contained in this Agreement, express or implied, shall (ai) constitute an amendment to any Company Employee Plan, including any Seller Plan or Subsidiary Plan, or other benefit plan, (bii) create any third party beneficiary rights in favor of any employees of the Company or (ciii) inure to the benefit of or be enforceable by any employeeemployee of Seller, director Buyer, the Business Subsidiaries or consultant of the Company, Parent, any of their respective Subsidiaries and Affiliates, of any entity or any Person representing the interest of any employees, directors or consultants or of any Person whose rights are derivative of any such employee (including a family member or estate of the employee).

Third Party Rights/Amendments to Employee Plans. Nothing Except as provided in Section 5.01, nothing in this Agreement, express or implied, shall affect the right of the Company Seller (or, following the Closing DateClosing, Parent or Buyer and its Subsidiaries) to terminate the employment of any employee of the Company or Company Subsidiariesemployee, including any Business Employee. Nothing in this Agreement shall be construed to grant any current or former employee of the Company or any of its Subsidiaries Business Subsidiary a right to continued employment by, or to receive any payment or benefits from, the Company or any of its Subsidiaries Business Subsidiary or through any Company Employee Plan, including any Seller Plan or Subsidiary Plan, or other benefit plan that increases or expands such Person’s rights beyond what is provided by the terms of such plan. This Except as provided in Section 5.01, this Agreement shall not limit the ability or right of the Company Seller or its Subsidiaries Affiliates (or Parent Buyer or its Affiliates after the Closing) to amend or terminate any Company Employee Plan or other benefit or compensation plan or program (including any policy plan program or arrangement maintained by Parent or any of its Subsidiaries) and nothing contained herein shall be construed as an amendment to or modification of any such plan. Except as set forth in Section 6.3 or 6.4 (or as otherwise set forth in Section 11), nothing Nothing contained in this AgreementArticle VI, express or implied, shall (ai) constitute an amendment to any Company Employee Plan, including any Seller Plan or Subsidiary Plan, or other benefit plan, (bii) create any third party beneficiary rights in favor of any employees of the Company or (ciii) inure to the benefit of or be enforceable by any employee, director or consultant of the CompanySeller, ParentBuyer, any of Business Subsidiary or their respective Subsidiaries and Affiliates, of any entity or any Person representing the interest of any employees, directors or consultants or of any Person whose rights are derivative of any such employee (including a family member or estate of the employee).

Third Party Rights/Amendments to Employee Plans. Nothing in this Agreement, express or implied, shall affect the right of the Company (or, following the Closing Date, Parent or and its Subsidiaries) to terminate the employment of any employee of the Company or Company Subsidiaries. Nothing in this Agreement shall be construed to grant any current or former employee of the Company or any of its Subsidiaries Company Subsidiary a right to continued employment by, or to receive any payment or benefits from, the Company or any of its Subsidiaries Subsidiary or through any Company Employee PlanProgram, or other benefit plan that increases or expands such Person’s rights beyond what is provided by the terms of such plan. This Agreement shall not limit the ability or right of the Company or its and Company Subsidiaries (or Parent or its Affiliates after the Closing) to amend or terminate any Company Employee Plan Program or other benefit or compensation plan or program (including any policy plan program or arrangement maintained by Parent or any of its Subsidiaries) and nothing contained herein shall be construed as an amendment to or modification of any such plan. Except as set forth in Section 6.3 or 6.4 (or as otherwise set forth in Section 11), nothing Nothing contained in this Agreement, express or implied, shall (ai) constitute an amendment to any Company Employee Plan Program or other benefit plan, (bii) create any third party beneficiary rights in favor of any employees of the Company or (ciii) inure to the benefit of or be enforceable by any employee, director or consultant of the Company, Parent, any of their respective Subsidiaries and Affiliates, of any entity or any Person representing the interest of any employees, directors or consultants or of any Person whose rights are derivative of any such employee (including a family member or estate of the employee), including for the purposes of the UK Contracts (Rights of Third Parties) Xxx 0000.