Increased Benefits Sample Clauses

Increased Benefits. Except as provided in Schedule 3.10.8, the Contemplated Transactions (whether alone or together with any other event) will not (a) entitle any current or former employee or director of any Acquired Company to severance pay or any other payment, (b) accelerate the time of payment or vesting, or increase the amount, of compensation due any such current or former employee or director or (c) could result, separately or in the aggregate, in the payment of any "excess parachute payments" (within the meaning of Section 280G(b)(1) of the Code) to any current or former employee or director of any Acquired Company. No Person is entitled to receive any tax gross-up payment from any Acquired Company by reason of the excise tax under Section 4999(a) of the Code or the additional tax under Section 409A of the Code being imposed on such Person by reason of the Contemplated Transactions.

Increased Benefits. In the event that a change of control should occur as defined in paragraph 4.(d)(2), Executive shall be eligible to receive any additional (other than those defined in the paragraphs above) acceleration in benefits, financial packages, stock options and restricted stock, and compensation accorded to other Company senior executives with the exception of those accorded to the Company’s chief executive officer and chief Financial officer.

Increased Benefits. Except as provided on Section 3.10.8 of the Disclosure Letter, the Contemplated Transactions (whether alone or together with any other event) will not (a) entitle any current or former employee or director of any Acquired Company or any other Transferred Employee to severance pay or any other payment, (b) accelerate the time of payment or vesting, or increase the amount, of compensation due any such current or former employee or director or (c) result, separately or in the aggregate, in the payment of any “excess parachute payments” (within the meaning of Section 280G(b)(1) of the Code) to any current or former employee or director of any Acquired Company or any other Transferred Employee. No Person is entitled to receive any tax gross-up payment from any Acquired Company by reason of the excise tax under Section 4999(a) of the Code being imposed on such Person by reason of the Contemplated Transactions or by reason of the additional Tax under Section 409A of the Code.