Compensation of and Contracts with Employees Sample Clauses

Compensation of and Contracts with Employees. Schedule 5.15 sets forth a complete and accurate list of each employee of the Business and the current rate of compensation paid to such employee. Except as listed in Schedule 5,15, no Selling Entity has any written employment agreement with any currently active employee, including any agreement to provide any bonus or benefit to any such employee of the Business.

Compensation of and Contracts with Employees. SCHEDULE 5.14 hereto sets forth a complete and accurate list of (a) each employee of the Seller in the VECTRA Waste Business, (b) the rate, character and amount of such compensation paid to each such employee through November 24, 1996 and (c) the base hourly compensation for such employee as of November 24, 1996. There have been no changes in such compensation since such date. Except as listed in SCHEDULE 5.14 hereto, the Seller has no employment agreement, written or oral, with any currently active employee of the VECTRA Waste Business, including any agreement to provide any bonus or benefit to any such employee of the VECTRA Waste Business. Except as set forth on SCHEDULE 5.14, since January 1, 1996, none of the Seller, VWS or VSI has made any pension, bonus or other payment, other than base salary, per diem and expenses, or become obligated to make any such payment, to any employee of the Seller in the VECTRA Waste Business. Except as set forth on SCHEDULE 5.14, the Seller has no outstanding loans or advances to any employee in the VECTRA Waste Business. Since January 1, 1996 no employee of any of the Seller, VWS or VSI who has been associated with the VECTRA Waste Business has been transferred to any other business operation controlled directly or indirectly by the Seller.

Compensation of and Contracts with Employees. Schedule 5.16 hereto sets forth a complete and accurate list of (a) each employee of the Seller who has been identified as being part of the NAC Business and who will be offered employment by the Buyer after this transaction, ("NAC Employees") and the rate, character and amount of the compensation paid to such employee for the fiscal year ended December 31, 1996, and (b) the rate, character and amount of such compensation paid to each such employee through the Closing Date. There have been no changes in such compensation since such date. Except as listed in Schedule 1.1(c) hereto, the Seller has no employment agreement, written or oral, with any currently active NAC Employee, including any agreement to provide any bonus or benefit to any such employee. Except as set forth on Schedule 5.16, since December 31, 1996, the Seller has not made any pension, bonus or other payment, other than base salary, or become obligated to make any such payment, to any NAC Employee. Except as set forth on Schedule 5.16, the Seller has no outstanding loans or advances to NAC Employees.

Compensation of and Contracts with Employees. Schedule 5.14 hereto sets forth a complete and accurate list of each employee of the Purchased Business and the rate, character and amount of annualized compensation and bonuses paid to such employee for the fiscal years ended December 31, 1996 and 1997 and the current year. The changes in compensation reflected on such schedule are for normal merit or other raises and bonuses consistent with Seller's compensation policy. Except as set forth on Schedule 5.14 hereto, the Company has not entered into any employment agreement, written or oral, with any employee. Except as set forth on Schedule 5.14 hereto, since December 31, 1997 the Company has not made any pension, bonus or other payment, other than base salary, or become obligated to make any such payment, to any of the employees outside the normal practices, plans and policies of the Seller. Except as set forth on Schedule 5.14 hereto, the Company has no outstanding loans or advances to employees.

Compensation of and Contracts with Employees. Schedule 3.16 sets forth a correct and complete list of all employees, consultants or contractors of the Business as of the date hereof. Except as listed on Schedule 3.16, the Company has no employment agreement, written or oral, with any currently active employee.

Compensation of and Contracts with Employees. (a) The Sellers ------------ -- --- --------- ---- --------- have previously provided to the Buyer a complete and accurate, in all material respects, list of each employee, consultant, leased employee (other than short-term hires) or independent contractor who performed services primarily in connection with the Purchased Business as of December 31, 1999, excluding short-term craft hires. With respect to each such individual, the list sets forth the location of employment, the date of hire and years of service for each such employee, the bonus paid, or to be paid, to each such employee for the fiscal year ended December 31, 1999 and the monthly salary as of December 31, 1999. Except as described on Schedule 5.21(a), -------- ------- there have been no changes in, or binding commitments to change, such compensation since December 31, 1999, other than regularly scheduled annual increases in compensation in accordance with past custom and practice, and any additional compensation provisions specified in individual offer letters, employment agreements, change in control agreements or retention agreements. (b) Except as set forth on Schedule 5.21(b), since June 30, 1999 -------- ------- to the date of this Agreement no employee who performed services primarily in connection with the Purchased Business has ceased to perform services primarily in connection with the Purchased Business but continued as an employee of a member of the Raytheon Group.

Compensation of and Contracts with Employees. Schedule 6.17 hereto sets forth a complete and accurate list of all officers and all employees of the Seller, and the rate of compensation of each officer and each employee in effect as of the Closing Date. The Buyer has no severance obligation to any employee or former employee. The Seller has no employment agreement, written or oral, with any currently active employee.

Compensation of and Contracts with Employees. (a) SCHEDULE 5.13(A) hereto sets forth a complete and accurate list of the Proposed Assumed Employees (as defined in Section 7.1) and the date of hire and years of service for each such employee. The Seller has previously delivered to the Buyer a complete and accurate schedule showing the total salary and bonus paid to each Proposed Assumed Employee for the fiscal year ended December 31, 1995 and for the period from January 1, 1996 through September 30, 1996. Except as described in the schedule previously delivered to the Buyer, there have been no changes in such compensation since September 30, 1996. (b) Neither the Seller nor Westinghouse has an employment agreement, written or oral, with any Proposed Assumed Employee except as set forth on SCHEDULE 5.13(b). Except pursuant to any Employee Benefit Plan or as set forth on SCHEDULE 5.13(b), since December 31, 1995 neither the Seller nor Westinghouse has made any pension, bonus or other payment, other than base salary, or become obligated to make any such payment, to any Proposed Assumed Employee. (c) Except as set forth on SCHEDULE 5.13(c), neither the Seller nor Westinghouse has any outstanding loans or advances to any Proposed Assumed Employee. (d) Except as set forth in SCHEDULE 5.13(d), since January 1, 1996 no employee of the Seller whose business unit included the Q-CEP Plant or provided services which included any of the Processing Activities has been transferred to any other business unit of the Seller or Westinghouse or any other Subsidiary of Westinghouse.

Compensation of and Contracts with Employees. (a) Schedule 6.17(a) hereto sets forth a complete and accurate list of the Proposed Assumed Employees (as defined in Section 9.1) and the date of hire for each such employee. Except as otherwise indicated on Schedule 6.17(a) hereto, the Proposed Assumed Employees comprise all of the full-time and part-time employees of either of the Sellers who provide, as of the Execution Date, services in connection with the operation of the Diagnostics Business. The Sellers have previously delivered to the Buyers a complete and accurate schedule showing the total salary and bonus paid to each Proposed Assumed Employee for the fiscal year ended December 31, 2002 and for the period from January 1, 2003 through August 31, 2003 and the total salary and bonus currently proposed to be paid to each Proposed Assumed Employee for the fiscal year ended December 31, 2003. (b) The Sellers do not have an employment agreement (whether written or oral) with any Proposed Assumed Employee except as set forth on Schedule 6.17(b). Except pursuant to any Seller Employee Benefit Plan or as set forth on Schedule 6.17(b), the Sellers have not made any pension, bonus or other payment, other than base salary, or become obligated to make any such payment, to any Proposed Assumed Employee. (c) Except for loans which have been granted to participants in accordance with the terms of the Seller’s qualified retirement plan, the Sellers have no outstanding loans or advances to any Proposed Assumed Employee.

Compensation of and Contracts with Employees. Tanners have no collective bargaining agreement, employment agreement, or other agreement, written or oral, with or pertaining to any currently active employee.