Common use of Employees; Salaries; Personnel Agreements, Plans and Arrangements Clause in Contracts

Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a) of the Disclosure Schedule, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet Date, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date, nor since that date has there been any promise to the employees listed on Schedule 6.18(a) orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for increases in the ordinary course of business consistent with the past compensation practices of the Company, and obligations incurred under existing Employee Benefit Plans of the Company.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ebix Inc)

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Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.20(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a5.20(a) of the Disclosure Schedule and/or other Schedules of the Disclosure Schedule, or in the Ordinary Course of Business, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date2008, nor since that date has there been any unfulfilled promise to the employees listed on Schedule 6.18(a5.20(a) of the Disclosure Schedule orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for (i) increases in the ordinary course Ordinary Course of business Business consistent with the past compensation practices of the Company, and (ii) obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the Company. Except as provided in Schedule 5.20(a) of the Disclosure Schedule, to the Knowledge of the Company, no employee of the Company as of the date hereof intends to resign because of the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ebix Inc)

Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.20(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a5.20(a) of the Disclosure Schedule and/or other Schedules of the Disclosure Schedule, or in the Ordinary Course of Business, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date2007, nor since that date has there been any promise to the employees listed on Schedule 6.18(a5.20(a) of the Disclosure Schedule orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for (i) increases in the ordinary course Ordinary Course of business Business consistent with the past compensation practices of the Company, and (ii) obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the Company. Except as provided in Schedule 5.20(a) of the Disclosure Schedule, the Company has no actual knowledge that any employee of the Company as of the date hereof intends to resign because of the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ebix Inc)

Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.20(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a5.20(a) of the Disclosure Schedule, or in the ordinary course of business, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date2006, nor since that date has there been any promise to the employees listed on Schedule 6.18(a5.20(a) of the Disclosure Schedule orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for increases in the ordinary course of business consistent with the past compensation practices of the Company, and obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the Company. Except as provided in Schedule 5.20(a) of the Disclosure Schedule, the Company has no knowledge that any employee of the Company as of the date hereof intends to resign because of the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ebix Inc)

Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.20(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a5.20(a) of the Disclosure Schedule, or in the Ordinary Course of Business, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date2007, nor since that date has there been any promise to the employees listed on Schedule 6.18(a5.20(a) of the Disclosure Schedule orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for increases in the ordinary course Ordinary Course of business Business consistent with the past compensation practices of the Company, and obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the Company. Except as provided in Schedule 5.20(a) of the Disclosure Schedule, the Company has no Knowledge that any employee of the Company as of the date hereof intends to resign because of the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ebix Inc)

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Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.20(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the Company on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Company. Except as set forth in Schedule 6.18(a5.20(a) of the Disclosure Schedule, or in the ordinary course of business, no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the Company since the Latest Balance Sheet Date2005, nor since that date has there been any promise to the employees listed on Schedule 6.18(a5.20(a) of the Disclosure Schedule orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for increases in the ordinary course of business consistent with the past compensation practices of the Company, and obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the Company. Except as provided in Schedule 5.20(a) of the Disclosure Schedule, the Company has no knowledge that any employee of the Company as of the date hereof intends to resign because of the consummation of the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ebix Inc)

Employees; Salaries; Personnel Agreements, Plans and Arrangements. (a) Schedule 6.18(a5.19(a) of the Disclosure Schedule contains a true, complete and correct list as of the date hereof setting forth (i) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the each Company or any Subsidiary thereof on a salaried basis, (ii) the names, hire dates, current compensation rates and job titles of all individuals presently employed by the each Company or any Subsidiary thereof on an hourly or piecework basis, and (iii) the names and total annual compensation for all independent contractors who render material services on a regular basis to the Companyeach Company or any Subsidiary thereof whose current annual compensation is in excess of $75,000, and (iv) all other Persons whose employment or independent contractor relationship with any Company or any Subsidiary thereof has been terminated since December 31, 2009. Except as set forth in Schedule 6.18(a) of the Disclosure Schedule5.19(a), no person listed thereon has received any bonus or increase in compensation since the Latest Balance Sheet DateDecember 31, 2012 and there has been no “general increase” in the compensation or rate of compensation payable to any employees of the any Company or any Subsidiary thereof since the Latest Balance Sheet DateDecember 31, 2012, nor since that date has there been any promise to the employees listed on Schedule 6.18(a5.19(a) orally or in writing of any bonus or increase in compensation, whether or not legally binding, except for increases in the ordinary course of business consistent with the past compensation practices of the any Company, and obligations incurred under existing Employee Benefit Plans or existing collective bargaining agreements of the any Company.

Appears in 1 contract

Samples: Asset Purchase Agreement (Diamond Resorts Corp)

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