Common use of Officers, Directors and Employees Clause in Contracts

Officers, Directors and Employees. Schedule 3.18 sets forth (a) as of July 31, 2005 the name of each officer and director of Crosstex and his or her total annual compensation and (b) as of June 30, 2005 the name and total annual compensation of each officer, director, employee and consultant of Crosstex. From said date through the date hereof there has been no material change in the amount of compensation attributable to any Person on Schedule 3.18 and such schedule remains accurate in all material respects on the date hereof. Except as disclosed in Schedule 3.18, Crosstex is not a party to any Contractual Obligation which could obligate Crosstex to pay severance or other similar compensation to an officer, director, employee or other Person solely as a result of the transactions contemplated hereunder there is no present or, to the knowledge of Seller or Crosstex, threatened walkout, strike or any other similar occurrence.