Common use of Employee Policies Clause in Contracts

Employee Policies. Schedule 2.12 of the Wellsford Disclosure Letter lists the employee handbooks of Wellsford and each of the Wellsford Subsidiaries currently in effect. A copy of each such employee handbook has previously been made available to EQR. Except as set forth in Schedule 2.12 of the Wellsford Disclosure Letter, such handbooks fairly and accurately summarize all material employee policies, vacation policies and payroll practices of Wellsford and the Wellsford Subsidiaries.