Common use of Arrearages and Employment Disputes Clause in Contracts

Arrearages and Employment Disputes. Except as disclosed in the Prema Properties Disclosure Letter, Prema Properties is not liable for any arrearage of wages, any accrued or vested vacation pay or any tax or penalty for failure to comply with any Applicable Law relating to employment or labor above the level accrued for or reserved against on the June 30, 1997 balance sheet included in the Prema Properties Financial Statements, and there is no controversy pending, threatened or in prospect between Prema Properties and any of its Employees nor is there any basis for any such controversy. There is no unfair labor practice charge or complaint currently pending against Prema Properties with respect to or relating to any of its Employees before the National Labor Relations Board or any other agency having jurisdiction over such matters and no charges or complaints are currently pending against Prema Properties before the Equal Employment Opportunity Commission or any state or local agency having responsibility for the prevention of unlawful employment practices. There are no actions, suits or claims pending, including proceedings before the IRS, the DOL or the PBGC, with respect to any Employee Benefit Plan, Benefit Arrangement or any administrator or fiduciary thereof, other than benefit claims arising in the normal course of operation of such Employee Benefit Plans or Benefit Arrangements, and, to the knowledge of the management of Prema Properties, no Employee Benefit Plan or Benefit Arrangement is under audit or investigation by any Governmental Authority.

Arrearages and Employment Disputes. Except as disclosed in the Prema Properties Lube Ventures Disclosure Letter, Prema Properties Lube Ventures is not liable for any arrearage of wages, any accrued or vested vacation pay or any tax or penalty for failure to comply with any Applicable Law relating to employment or labor above the level accrued for or reserved against on the June 30, 1997 balance sheet included in the Prema Properties Lube Ventures Financial Statements, and there is no controversy pending, threatened or in prospect between Prema Properties Lube Ventures and any of its their respective Employees nor is there any basis for any such controversy. There is no unfair labor practice charge or complaint currently pending against Prema Properties Lube Ventures with respect to or relating to any of its their respective Employees before the National Labor Relations Board or any other agency having jurisdiction over such matters and no charges or complaints are currently pending against Prema Properties Lube Ventures before the Equal Employment Opportunity Commission or any state or local agency having responsibility for the prevention of unlawful employment practices. There are no actions, suits or claims pending, including proceedings before the IRS, the DOL or the PBGC, with respect to any Employee Benefit Plan, Benefit Arrangement or any administrator or fiduciary thereof, other than benefit claims arising in the normal course of operation of such Employee Benefit Plans or Benefit Arrangements, and, to the knowledge of the management of Prema PropertiesLube Ventures, no Employee Benefit Plan or Benefit Arrangement is under audit or investigation by any Governmental Authority.

Arrearages and Employment Disputes. Except as disclosed in the Prema Properties Disclosure Letter, Prema Properties is not liable for any arrearage of wages, any accrued or vested vacation pay or any tax or penalty for failure to comply with any Applicable Law relating to employment or labor above the level accrued for or reserved against on the June 30, 1997 balance sheet included in the Prema Properties Financial Statements, and there is no controversy pending, threatened or in prospect between Prema Properties and any of its Employees nor is there any basis for any such controversy. There is no unfair labor practice charge or complaint currently pending against Prema Properties with respect to or relating to any of its Employees before the National Labor Relations Board or any other agency having jurisdiction over such matters and no charges or complaints are currently pending against Prema Properties before the Equal Employment Opportunity Commission or any state or local agency having responsibility for the prevention of unlawful employment practices. There are no actions, suits or claims pending, including proceedings before the IRS, the DOL or the PBGC, with respect to any Employee Benefit Plan, Benefit Arrangement or any administrator or fiduciary thereof, other than benefit claims arising in 109 the normal course of operation of such Employee Benefit Plans or Benefit Arrangements, and, to the knowledge of the management of Prema Properties, no Employee Benefit Plan or Benefit Arrangement is under audit or investigation by any Governmental Authority.

Arrearages and Employment Disputes. Except as disclosed in the Prema Properties Disclosure Letter, Prema Properties Aero is not liable for any arrearage of wages, any accrued or vested vacation pay or any tax or penalty for failure to comply with any Applicable Law relating to employment or labor above the level accrued for or reserved against on the June 30, 1997 balance sheet included in the Prema Properties Financial Statements, Aero Balance Sheet and there is no controversy pending, threatened or in prospect between Prema Properties Aero and any of its respective Employees nor is there the management of Aero aware of any basis for any such controversy. There is no unfair labor practice charge or complaint currently pending against Prema Properties Aero with respect to or relating to any of its respective Employees before the National Labor Relations Board or any other agency having jurisdiction over such matters and no charges or complaints are currently pending against Prema Properties Aero before the Equal Employment Opportunity Commission or any state or local agency having responsibility for the prevention of unlawful employment practices. There are no actions, suits or claims pending, including proceedings before the IRS, the DOL or the PBGC, with respect to any Employee Benefit Plan, Benefit Arrangement or any administrator or fiduciary thereof, other than benefit claims arising in the normal course of operation of such Employee Benefit Plans or Benefit Arrangements, and, to the knowledge of the management of Prema PropertiesAero, no Employee Benefit Plan or Benefit Arrangement is under audit or investigation by any Governmental Authority.