No General Increases. Except for annual merit increases to non- -- ------- --------- officer employees made consistent with past practice, the Seller shall not permit ▇▇▇▇-Star or any of its Subsidiaries to grant any general or uniform increase in the rates of pay of employees of ▇▇▇▇-Star and its Subsidiaries, nor grant any general or uniform increase in the benefits under any bonus or pension plan or other contract or commitment to, for or with any such employees; and neither ▇▇▇▇-Star nor any of its Subsidiaries shall increase the compensation payable or to become payable to officers, salaried employees or agents, 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.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Ameritruck Distribution Corp), Stock Purchase Agreement (Ameritruck Distribution Corp)