Employee/Employee Compensation. The Warrantors agree that before the ------------------------------ Closing Date they will have caused the Company to discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Company and under any employment agreements payable in the ordinary course of business.
Employee/Employee Compensation. To the best of STE, STI or Xxxxx Xxxxxxx'x knowledge, no employee of STE or STI is obligated under any contract (including licenses, covenants, or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency that would conflict with such employee's obligation to use his or her best efforts to promote the interests of STE or STI or that would conflict with either of their business as conducted or as proposed to be conducted. To the best of STE, STI or Xxxxx Xxxxxxx'x knowledge, no employee of STE or STI is in violation of any term of any employment contract, proprietary information and inventions agreement, non-competition agreement, or any other contract or agreement relating to the relationship of any such employee with either STE or STI. Neither STE nor STI has collective bargaining agreements with any of their employees and to the best of their knowledge, there is no labor union organizing activity pending or threatened with respect to either of them. Except as set forth on Schedule 2.16 of the Disclosure Schedule, there is no profit sharing, bonus, stock purchase, or stock option to any officer or employee of either STE or STI.
Employee/Employee Compensation. To the best of Purchaser 's knowledge, no employee of Purchaser is obligated under any contract (including licenses, covenants, or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency that would conflict with such employee's obligation to use his or her best efforts to promote the interests of Purchaser or that would conflict with its business as conducted or as proposed to be conducted. To the best of Purchaser 's knowledge, no employee of Purchaser is in violation of any term of any employment contract, proprietary information and inventions agreement, non- competition agreement, or any other contract or agreement relating to the relationship of any such employee with Purchaser. Purchaser has no collective bargaining agreements with any of its employees and to the best of its knowledge, there is no labor union organizing activity pending or threatened with respect to Purchaser. Except as set forth on Schedule 3.16 of the Disclosure Schedule, there is no pension, health, profit sharing, bonus, stock purchase, stock option, hospitalization, insurance, severance, or any other employee benefit or welfare benefit plan with respect to any officer or employee of Purchaser.
Employee/Employee Compensation. (a) The Sellers agree to pay when due all compensation and benefits to any employee of the Sellers under all pay and compensation practices and under any employment agreements applicable to their business which are payable in the ordinary course of business.
Employee/Employee Compensation. (a) Parent agrees to cause the Seller to discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Seller and under any employment agreements payable in the ordinary course of business, except to the extent assumed by Buyer on Schedule 1.2. ------------
Employee/Employee Compensation. Sellers agree to cause the Company to --- ------------------------------- discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Company and under any employment agreements payable in the ordinary course of business, except to the extent otherwise reflected on the Closing Balance Sheet.
