Common use of Compensation; Organized Labor Matters Clause in Contracts

Compensation; Organized Labor Matters. Partner Company has delivered to Founder an accurate list (which is set forth in Section 4.21 of Partner Company Disclosure Schedule) showing all officers, directors and key employees of each Subject Partner Company and the rate of compensation (and the portions thereof attributable to salary, bonus and other compensation, respectively) of each of such persons as of (a) the Balance Sheet Date and (b) the date of this Agreement. Since the Balance Sheet Date, there have been no increases in the compensation payable or any special payments or bonuses to any officer, director, key employee or other employee, except ordinary salary increases implemented on a basis consistent with past practices. Except as set forth in Section 4.21 of Partner Company Disclosure Schedule, (i) no Subject Partner Company is bound by or subject to (and none of its respective assets or properties is bound by or subject to) any arrangement with any labor union, (ii) no employees of a Subject Partner Company are represented by any labor union or covered by any collective bargaining agreement, (iii) no campaign to establish such representation is in progress and (iv) there is no pending or, to the knowledge of the Partner Company and each Partner Company Stockholder, threatened labor dispute involving any Subject Partner Company or any group of its employees nor has any Subject Partner Company experienced any labor interruption over the past three years. Partner Company believes the relationship between each other Subject Partner Company and its employees is good.

Compensation; Organized Labor Matters. Partner Company has delivered to Founder an accurate list (which is set forth in Section 4.21 of Partner Company Disclosure Schedule) showing all officers, directors and key employees of each Subject Partner Company and the rate of compensation (and the portions thereof attributable to salary, bonus and other compensation, respectively) of each of such persons as of (a) the Balance Sheet Date and (b) the date of this Agreement. Since the Balance Sheet Date, there have been no increases in the compensation payable or any special payments or bonuses to any officer, director, key employee or other employee, except ordinary salary increases implemented on a basis consistent with past practices. Except as set forth in Section 4.21 of Partner Company Disclosure Schedule, (i) no Subject Partner Company is bound by or subject to (and none of its respective assets or properties is bound by or subject to) any arrangement with any labor union, (ii) no employees of a Subject Partner Company are represented by any labor union or covered by any collective bargaining agreement, (iii) no campaign to establish such representation is in progress and (iv) there is no pending or, to the knowledge of the Partner Company and each Partner Company Stockholder, threatened labor dispute involving any Subject Partner Company or any group of its employees nor has any Subject Partner Company experienced any labor interruption over the past three years. Partner Company believes the relationship between each other Subject Partner Company and its employees is good.

Compensation; Organized Labor Matters. The Partner Company has Companies have delivered to Founder an accurate list (which is set forth in Section 4.21 of Partner Company Disclosure Schedule) showing all officers, directors and key employees of each Subject Partner Company and the rate of compensation (and the portions thereof attributable to salary, bonus and other compensation, respectively) of each of such persons as of (a) the Balance Sheet Date and (b) the date of this Agreement. Since the Balance Sheet Date, there have been no increases in the compensation payable or any special payments or bonuses to any officer, director, key employee or other employee, except ordinary salary increases implemented on a basis consistent with past practices. Except as set forth in Section 4.21 of Partner Company Disclosure Schedule, (i) no Subject Partner Company is bound by or subject to (and none of its respective assets or properties is bound by or subject to) any arrangement with any labor union, (ii) no employees of a Subject Partner Company are represented by any labor union or covered by any collective bargaining agreement, (iii) no campaign to establish such representation is in progress and (iv) there is no pending or, to the knowledge of the each Partner Company and each Partner Company Stockholder, threatened labor dispute involving any Subject Partner Company or any group of its employees nor has any Subject Partner Company experienced any labor interruption over the past three years. Each Partner Company believes the relationship between each other Subject Partner Company and its employees is good.

Compensation; Organized Labor Matters. Partner Company has delivered to Founder an accurate list (which is set forth in Section 4.21 of Partner Company Disclosure Schedule) showing all officers, directors and key employees of each Subject Partner Company and the rate of compensation (and the portions thereof attributable to salary, bonus and other compensation, respectively) of each of such persons as of (a) the Balance Sheet Date and (b) the date of this Agreement. Since the Balance Sheet Date, there have been no increases in the compensation payable or any special payments or bonuses to any officer, director, key employee or other employee, except ordinary and customary salary increases and bonuses implemented on a basis consistent with past practices. Except as set forth in Section 4.21 of Partner Company Disclosure Schedule, (i) no Subject Partner Company is bound by or subject to (and none of its respective assets or properties is bound by or subject to) any arrangement with any labor union, (ii) no employees of a Subject Partner Company are represented by any labor union or covered by any collective bargaining agreement, (iii) no campaign to establish such representation is in progress and (iv) there is no pending or, to the knowledge of the Partner Company and each Partner Company Stockholder, threatened labor dispute involving any Subject Partner Company or any group of its employees nor has any Subject Partner Company experienced any labor interruption over the past three years. Partner Company believes the relationship between each other Subject Partner Company and its employees is good.

Compensation; Organized Labor Matters. Partner Company has delivered to Founder an accurate list (which is set forth in Section 4.21 of Partner Company Disclosure Schedule) showing all officers, directors and key employees Key Employees of each Subject Partner Company and the rate of compensation (and the portions thereof attributable to salary, bonus and other compensation, respectively) of each of such persons as of (a) the Balance Sheet Date and (b) the date of this Agreement. Since the Balance Sheet Date, there have been no increases in the compensation payable or any special payments or bonuses to any officer, director, key employee Key Employees or other employee, except ordinary salary increases implemented on a basis consistent with past practices. Except as set forth on Section 4.21 of Partner Company Disclosure Schedule, all employees of Partner Company as of the date of this Agreement will continued to be employed by Partner Company on a full-time basis. Except as set forth in Section 4.21 of Partner Company Disclosure Schedule, (i) no Subject Partner Company is bound by or subject to (and none of its respective assets or properties is bound by or subject to) any arrangement with any labor union, (ii) no employees of a Subject Partner Company are represented by any labor union or covered by any collective bargaining agreement, (iii) no campaign to establish such representation is in progress and (iv) there is no pending or, to the knowledge of the Partner Company and each Partner Company Stockholder, threatened labor dispute involving any Subject Partner Company or any group of its employees nor has any Subject Partner Company experienced any labor interruption over the past three years. Partner Company believes the relationship between each other Subject Partner Company and its employees is good.