Employment Agreements; Employee Benefit Plans and Employee Payments. Other than the normal employment contract and benefits generally practiced by SMSBIZ, SMSBIZ is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which SMSBIZ currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of SMSBIZ (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. China Luxuriance is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which China Luxuriance currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of China Luxuriance (collectively, “Benefit Plans”). China Luxuriance will not have any directors, officers or employees as of the Closing Date to whom any compensation (whether in the form of salary, bonuses, commissions, or other supplemental compensation) is now or will be thereafter payable. Further, China Luxuriance is not a party to any employment agreement which could result in the payment to any current, former or future director, employee, consultant or advisor of China Luxuriance of any money or other property or rights or accelerate or provide any other rights or benefits to any such employee, director, consultant or advisor as a result of the transactions contemplated by this Agreement, whether or not some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.
Employment Agreements; Employee Benefit Plans and Employee Payments. NVPL is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which NVPL currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of NVPL (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. To the Knowledge of Kao, PPGCT is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which PPGCT currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of PPGCT (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. LTL is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which LTL currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of LTL (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. HKHL is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which HKHL currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of HKHL (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. TDA is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which TDA currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of TDA (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. Other than the normal employment contract and benefits generally practiced by GAEAWAVE, GAEAWAVE is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which GAEAWAVE currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of GAEAWAVE (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. Other than the normal employment contract and benefits generally practiced by CARDTREND, CARDTREND is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which CARDTREND currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of CARDTREND (collectively, “Benefit Plans”).
Employment Agreements; Employee Benefit Plans and Employee Payments. NDA is not a party to any bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, phantom stock, retirement, vacation, severance, disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding) under which NDA currently has an obligation to provide benefits to any current or former employee, officer, director, consultant or advisor of NDA (collectively, “Benefit Plans”).
