definiens: of the Company or any or its Subsidiaries ( as defined in Rule SOI(f ) of the Securities Act ) has notified the Company or any such Subsidiary in \\.';Iing that such officer intends to leave the Company or any such Subsidiary or otherwise tenninate such officer 's employment with the Company or any such Subsidiary, nor does the Company have a prescnt intention to terminate the employment of any such person . To the Company 's knowledge, 110 executive officer of the Company or any of its Subsidiaries is, or is now expected to be, in violation of any materiallCml of any employmen t COntract, confidential ity, disclosure or proprietary informatiOli lIg ~ menl, non - compctition agrttment, or any other conlracl or agrttmen t or any restrictive covenant . and the continued employment of each such exccutive officer does not subject the Company or any such Subsidiary to any material liability with respect 10 any of tile foregoing matters, ( e ) The employment of cach employee of the Company is terminable III the will of the Company, As of the date of this Agreentent, except as required by law, upon tenninalion of the employment of any such employees, 110 iJCVCTll.llCC or other payment ! will become due . 11lc Company has no policy, practice, plan, or program of paying iJCVCfllncc payor any fonn of sevcrance compensation in connection with the tennination of employment services