Common use of No General Increases Clause in Contracts

No General Increases. Other than in the ordinary course of its business or in connection with customary and periodic performance reviews and cost of living increases, Seller will not (i) grant any general or uniform increase in the rates of pay of the Employees, nor grant any general or uniform increase in the benefits under any bonus or pension plan or other contract or commitment, or (ii) increase the compensation payable or to become payable to officers, salaried Employees with a base salary in excess of $40,000 per year or agents of the Business or increase any bonus, insurance, pension or other benefit plan, payment or arrangement made to, for or with any such officers, salaried Employees or agents. With respect to the Employees, Seller will not create or adopt any new insurance, pension, welfare or other benefit plan or arrangement.