Common use of Post Effective Time Clause in Contracts

Post Effective Time. During the one (1)-year period following the Effective Time, Parent shall, or Parent shall cause the Surviving Corporation and its Subsidiaries to, provide to all Continuing Employees (provided they remain employees), to the extent they remain employed during such one (1)-year period, benefits that are in the aggregate substantially comparable to either (A) the benefits provided by the Company and its Subsidiaries to the Continuing Employees as in effect as of the date of this Agreement or (B) the benefits provided to similarly situated Parent employees. Parent shall have discretion to select the specific benefits to be provided to Continuing Employees pursuant to this Section 5(j)(i).

Post Effective Time. During the one (1)-year 1) year period following the Effective Time, Parent shall, or Parent shall cause the Surviving Corporation and its Subsidiaries to, provide to all Continuing Employees (provided they remain employees)Employees, to the extent they remain employed during such one (1)-year 1) year period, compensation and benefits that are in the aggregate substantially comparable to either (A) the benefits and compensation provided by the Company and its Subsidiaries to the Continuing Employees as in effect as of the date of this Agreement Agreement; or (B) the benefits and compensation provided to similarly situated Parent employees, provided that this provision shall not be deemed to be any guarantee of continued employment. Parent shall have discretion to select the specific benefits to be provided to Continuing Employees pursuant to this Section 5(j)(i5(i)(ii).