Common use of Employment and Employee Benefits Clause in Contracts

Employment and Employee Benefits. Each of the -------------------------------- Companies and B and G Services have delivered to the Buyer Schedule 6.9 listing the name, title, and current annual base salary or hourly rate of each person employed by them on December 31, 1995, together with a statement of the full amount and nature of any other remuneration, whether in cash or kind, paid to each such person during the 1995 calendar year. Each of the Companies and B and G Services will furnish an updated copy of Schedule 6.9 at the Closing which will reflect any changes in such information occurring between December 31, 1995 and the Closing Date. The Sellers and Buyer agree that any individuals who were full-time employees of either of the Companies on the Closing Date and who agree to execute PGI Standard Code of Conduct agreement, attached hereto as Exhibit 6.9 will be offered continued employment with one of the Companies, effective immediately after the Closing hereof. Any individuals who accept this offer of employment with the one of the Companies will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer, in its sole business judgment, deems appropriate, subject only to the covenants set forth in Section 7.3 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.

Employment and Employee Benefits. Each of the -------------------------------- Companies and B and G Services The Sellers have delivered -------------------------------- to the Buyer Schedule 6.9 7.8 listing the name, title, and current annual base salary or hourly rate of each person employed by them the Company on December January 31, 19951996 and June 15, 1996, together with a statement of the full amount and nature of any other remuneration, whether in cash or kind, paid to each such person during the 1995 calendar year. Each of the Companies and B and G Services The Sellers will furnish an updated copy of Schedule 6.9 7.8 at the Closing which will reflect any changes in such information occurring between December January 31, 1995 1996, and the Closing Date. The Sellers and agree with the Buyer agree that any individuals who were full-time employees of either of the Companies Company on the Closing Date and who agree to execute the standard PGI Standard Code of Conduct agreement, attached hereto as Exhibit 6.9 agreement will be offered continued employment with one of the CompaniesCompany, effective immediately after the Closing hereofClosing. Any individuals who accept this offer of employment with the one of the Companies Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer, in its sole business judgment, Buyer deems appropriate, subject only to the covenants set forth in Section 7.3 8.3 hereof, and and, other than service credit for the purpose of determining an employee's vacation benefit, the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.

Employment and Employee Benefits. Each of the The Seller has delivered -------------------------------- Companies and B and G Services have delivered to the Buyer Schedule 6.9 7.4 listing the name, title, and current annual base salary or hourly rate of each person employed by them Company on December 31, 1995, together with a statement of the full amount and nature of any other remuneration, whether in cash or kind, paid to each such person during the 1995 calendar year. Each of the Companies and B and G Services The Seller will furnish an updated copy of Schedule 6.9 7.4 at the Closing which will reflect any changes in such information occurring between December 31, 1995 1995, and the Closing Date. The Sellers and Seller agrees with the Buyer agree that any individuals who were full-time employees of either of the Companies Company on the Closing Date and who agree to execute the standard PGI Standard Code of Conduct agreement, attached hereto as Exhibit 6.9 agreement will be offered continued employment with one of the CompaniesCompany, effective immediately after the Closing hereofClosing. Any individuals who accept this offer of employment with the one of the Companies Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer, in its sole business judgment, deems appropriate, subject only to the covenants set forth in Section 7.3 8.1 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.

Employment and Employee Benefits. Each of the -------------------------------- Companies and B and G Services have The Company has delivered to -------------------------------- the Buyer Schedule 6.9 listing a list of the name, title, and current annual base salary or hourly rate of each person employed by them or engaged to render consulting services to the Company or the Subsidiary on December 31September 30, 1995, 1999 together with a statement of the full amount and nature of any other remuneration, whether in cash or kind, paid to each such person during the 1995 1999 calendar year. Each of the Companies and B and G Services The Company will furnish an updated copy of Schedule 6.9 such list at the Closing which will reflect any changes in such information occurring between December 31, 1995 the date hereof and the Closing Date. The Sellers and Company agrees with the Buyer agree that any all individuals who were full-time employees of either of the Companies Company on the Closing Date and who agree to execute PGI Standard Code of Conduct agreement, attached hereto as Exhibit 6.9 will be offered continued employment with one of the CompaniesCompany, effective immediately after the Closing hereofClosing. Any individuals who accept this offer of employment with the one of the Companies Company will be referred to herein as "Transferring Employees." This Except as may be otherwise specifically provided in the Employment Contract, the employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer, in its sole business judgment, deems appropriate, subject only to the covenants set forth in Section 7.3 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.,

Employment and Employee Benefits. Each of the -------------------------------- Companies and B and G Services The Sellers have delivered to -------------------------------- the Buyer Schedule 6.9 7.7 listing the name, title, and current annual base salary or hourly rate of each person employed by them the Company on December 31June 15, 19951996, together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 calendar year. Each of the Companies and B and G Services The Sellers will furnish an updated copy of Schedule 6.9 7.7 at the Closing which will reflect any changes in such information occurring occuring between December 31June 15, 1995 1996, and the Closing Date. The Sellers and agree with the Buyer agree that any individuals who were full-time employees of either of the Companies Company on the Closing Date and who agree to execute the standard PGI Standard Code of Conduct agreement, attached hereto as Exhibit 6.9 agreement will be offered continued employment with one of the CompaniesCompany, effective immediately after the Closing hereofClosing. Any individuals who accept this offer of employment with the one of the Companies Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer, in its sole business judgment, Buyer deems appropriate, subject only to the covenants set forth in Section 7.3 8.1 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.