Common use of No General Increases Clause in Contracts

No General Increases. The Company will not (and will cause each of its Subsidiaries not to) grant any general or uniform increase in the rates of pay of employees of the Company or any Subsidiary, nor grant any general or uniform increase in the benefits under any bonus or pension plan or other employee-related contract or commitment. The Company shall not increase the compensation payable or to become payable to any officer or other salaried employee with a base salary in excess of $50,000 per year or increase any bonus, insurance, pension or other benefit plan, payment or arrangement made to, for or with any such officer or salaried employee.