Common use of Employment Agreements and Collective Agreements Clause in Contracts

Employment Agreements and Collective Agreements. The Corporation and each of its Subsidiaries is not a party to or bound or governed by: (a) in respect of the employees of the Corporation, except for the Contracts with those individuals listed in Section 4.18 of the Disclosure Schedule and employment offer and letters delivered in the ordinary course of business: (i) any existing employment agreement with any member of the Corporation’s management or any other officer of the Corporation; or (ii) any change of control agreement with any officer or senior employee or any written or, to the knowledge of the Corporation, oral agreement, arrangement or understanding providing for an existing retention, severance or termination compensation or benefits to any officer or senior employee; or (b) except as otherwise provided in Section 4.18 of the Disclosure Schedule, any existing collective bargaining or union agreements. There are no material labour disputes, strikes or lock-outs relating to or involving any employees of the Corporation or any of its Subsidiaries that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. There are no actual applications or, to the knowledge of the Corporation, threatened applications for certification, voluntary recognition, related employer, successor employer or union bargaining rights in respect of the Corporation or any of its Subsidiaries.