Common use of Employees; Employee Compensation Clause in Contracts

Employees; Employee Compensation. To the best of Caldera Systems's and its Subsidiary's knowledge, the relationships between Caldera Systems and its Subsidiaries and their respective employees are good and no labor dispute or claims are pending or threatened. None of Caldera Systems's or any of its Subsidiary's employees belongs to any union or collective bargaining unit. To the best of Caldera Systems's and its Subsidiaries' knowledge, Caldera Systems and each of its Subsidiaries has complied in all material respects with all applicable state and federal laws related to employment. To the best of Caldera Systems's and it Subsidiary's knowledge, no employee of Caldera Systems or any such Subsidiary is or will be in violation of any judgment, decree or order, or any term of any employment contract, patent disclosure agreement, or other contract or agreement relating to the relationship of any such employee with Caldera Systems, any of its Subsidiaries, or any other party because of the nature of the business conducted or presently proposed to be conducted by Caldera Systems or any of its Subsidiaries or to the use by the employee of his or her best efforts with respect to such business. Caldera Systems is not a party to or bound by any currently effective employment contract, deferred compensation agreement, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement. Neither Caldera Systems nor any of its Subsidiaries is aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with Caldera Systems or any of its Subsidiaries, nor does Caldera Systems or any of its Subsidiaries have a present intention to terminate the employment of any of the foregoing. Subject to general principles related to wrongful termination of employees, the employment of each officer and employee of Caldera Systems and each of its Subsidiaries is terminable at the will of Caldera Systems or such Subsidiary, as applicable.

Appears in 2 contracts

Samples: Stock Purchase and Sale Agreement (Lineo Inc), Stock Purchase and Sale Agreement (Caldera Systems Inc)

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Employees; Employee Compensation. To the best of Caldera SystemsEbiz's and its Subsidiary's knowledge, the relationships between Caldera Systems Ebiz and its Subsidiaries and their respective employees are good and no labor dispute or claims are pending or threatened. None of Caldera SystemsEbiz's or any of its Subsidiary's employees belongs to any union or collective bargaining unit. To the best of Caldera SystemsEbiz's and its Subsidiaries' knowledge, Caldera Systems Ebiz and each of its Subsidiaries has complied in all material respects with all applicable state and federal laws related to employment. To the best of Caldera SystemsEbiz's and it Subsidiary's knowledge, no employee of Caldera Systems Ebiz or any such Subsidiary is or will be in violation of any judgment, decree or order, or any term of any employment contract, patent disclosure agreement, or other contract or agreement relating to the relationship of any such employee with Caldera SystemsEbiz, any of its Subsidiaries, or any other party because of the nature of the business conducted or presently proposed to be conducted by Caldera Systems Ebiz or any of its Subsidiaries or to the use by the employee of his or her best efforts with respect to such business. Caldera Systems is not a party to or bound by any currently effective employment contract, deferred compensation agreement, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement. Neither Caldera Systems Ebiz nor any of its Subsidiaries is aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with Caldera Systems Ebiz or any of its Subsidiaries, nor does Caldera Systems Ebiz or any of its Subsidiaries have a present intention to terminate the employment of any of the foregoing. Subject to general principles related to wrongful termination of employees, the employment of each officer and employee of Caldera Systems Ebiz and each of its Subsidiaries is terminable at the will of Caldera Systems Ebiz or such Subsidiary, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ebiz Enterprises Inc)

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Employees; Employee Compensation. To the best of Caldera Systemsthe Company's and its Subsidiary's knowledgeknowledge after due inquiry, the relationships between Caldera Systems the Company and its Subsidiaries and their respective employees are good and no labor dispute or claims are pending or threatened. None of Caldera Systemsthe Company's or any of its Subsidiary's employees belongs to any union or collective bargaining unit. To the best of Caldera Systemsthe Company's and its Subsidiaries' knowledgeknowledge after due inquiry, Caldera Systems the Company and each of its Subsidiaries has complied in all material respects with all applicable state and federal laws related to employment. To the best of Caldera Systemsthe Company's and it Subsidiary's knowledgeknowledge after due inquiry, no employee of Caldera Systems the Company or any such Subsidiary is or will be in violation of any judgment, decree or order, or any term of any employment contract, patent disclosure agreement, or other contract or agreement relating to the relationship of any such employee with Caldera Systemsthe Company, any of its Subsidiaries, or any other party because of the nature of the business conducted or presently proposed to be conducted by Caldera Systems the Company or any of its Subsidiaries or to the use by the employee of his or her best efforts with respect to such business. Caldera Systems Except for agreements entered into pursuant to the Option Plans and the Company's 401k plan, the Company is not a party to or bound by any currently effective employment contract, deferred compensation agreement, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement. Neither Caldera Systems the Company nor any of its Subsidiaries is aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with Caldera Systems the Company or any of its Subsidiaries, nor does Caldera Systems the Company or any of its Subsidiaries have a present intention to terminate the employment of any of the foregoing. Subject to general principles related to wrongful termination of employees, the employment of each officer and employee of Caldera Systems the Company and each of its Subsidiaries is terminable at the will of Caldera Systems the Company or such Subsidiary, as applicable.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Caldera Systems Inc)

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