Common use of No Triggering of Obligations Clause in Contracts

No Triggering of Obligations. The consummation of the transactions contemplated hereby will not: (i) entitle any current or former employee, director or independent contractor to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement; (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former employee, director or independent contractor; or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.

No Triggering of Obligations. The consummation of the transactions contemplated hereby will not: (i) entitle any current or former employee, director or independent contractor to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement; (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former employee, director or independent contractor; or (iii) to the Company’s knowledge result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.

No Triggering of Obligations. The consummation of the transactions contemplated hereby will not: not (i) entitle any current or former employeedirector, director employee or independent contractor of any Company to severance pay, unemployment compensation or any other payment, except as expressly otherwise provided in this Agreement; , (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former employeedirector, director employee or independent contractor; contractor of any Company or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.

No Triggering of Obligations. The consummation of the transactions contemplated hereby will not: not (i) entitle any current or former employeedirector, director employee or independent contractor of the Company to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement; (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former employeedirector, director employee or independent contractor; contractor of the Company or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.

No Triggering of Obligations. The consummation of the transactions contemplated hereby will not: not (i) entitle any current or former employee, director or independent contractor to severance pay, unemployment compensation or any other payment, except as expressly provided in this Agreement; , (ii) accelerate the time of payment or vesting or increase the amount of compensation due to any current or former employee, director or independent contractor; contractor or (iii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.