Common use of Severance Arrangement Clause in Contracts

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except payments made pursuant to standard written agreements outstanding on the date of this Agreement;

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee except (A) payments made pursuant to standard written agreements outstanding on the date hereof or (B) payments made in the ordinary course of this Agreementbusiness in accordance with its standard past practice not exceeding $50,000 in the aggregate;

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer or (ii) to any other employee or consultant except payments made pursuant to standard written agreements outstanding on the date of this Agreement;outstanding.

Severance Arrangement. Grant any severance or termination pay (i) to any director or officer of the Company or (ii) to any other employee of the Company except payments made pursuant to standard written agreements outstanding on the date of this AgreementAgreement and which heretofore have been disclosed to the Acquiror;