Wage or salary increases Sample Clauses

Wage or salary increases. (a) Any general Normal Wage or Salary increase or an individual increase approved during the Period of the Scheme will apply and in such case the requisite reduced wage rate or salary will be recalculated.

Wage or salary increases. Except as set forth on Schedule 6.1(e), neither the Company nor any of its Subsidiaries shall (i) grant any increase in wages, salaries or benefits of any employee, except for increases in the Ordinary Course of Business in accordance with existing policies, (ii) enter into any employment, severance, or similar contract or collective bargaining agreement (or, except for increases in wages, salaries or benefits in the Ordinary Course of Business consistent with past practice, amend, modify, change or supplement the terms of any such existing contract, agreement or arrangement) with respect to any employees, (iii) pay or agree to pay any pension, retirement allowance or other employee benefit not required by any existing plan, agreement or arrangement to any employee, whether past or present, or (iv) commit, adopt, amend, modify, change or terminate any pension, profit-sharing, bonus, incentive, deferred compensation, group insurance, severance, retirement or other benefit plan, contract, agreement or arrangement with respect to its directors, officers, and employees (or take any such action with respect to any other Benefit Plan), or to any employment with or for the benefit of any employee, or to terminate or amend any of such plans or any of such agreements in existence, including the Benefit Plans, on the date of this Agreement, except as required by Law. Except in the Ordinary Course of Business, neither the Company nor any of its Subsidiaries shall enter into, modify or amend any consulting agreements.