Common use of Employee Benefit Plan Obligations Clause in Contracts

Employee Benefit Plan Obligations. The Company does not have any collective bargaining, labor, profit sharing, pension, retirement, stock option, incentive, benefit or other similar contract, plan or arrangement. The Company does not sponsor, nor is it obligated to contribute to, any employee benefit plan (as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")).

Employee Benefit Plan Obligations. The Except as otherwise disclosed in the Schedule of Exceptions, the Company does not have any collective bargaining, labor, profit sharing, pension, retirement, stock option, incentive, benefit or other similar contract, plan or arrangement. The Company does not sponsor, nor is it obligated to contribute to, any employee benefit plan (as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")).