Common use of Employment Claims Clause in Contracts

Employment Claims. To the Knowledge of the Company, there is no present or former employee of the Company who has any material claim against the Company (whether under Law, under any employee agreement or otherwise) on account of or for: (1) overtime pay, other than overtime pay for the current payroll period; (2) wages or salaries, other than wages or salaries for the current payroll period; or (3) vacations, sick leave, time off or pay in lieu of vacation or time off, other than vacation, sick leave or time off (or pay in lieu thereof) earned in the period immediately preceding the date of this Agreement or incurred in the ordinary course of business and appearing as a liability on the most recent Company Financial Statements.

Appears in 5 contracts

Samples: Acquisition Agreement (Fargo Electronics Inc), Acquisition Agreement (Fargo Electronics Inc), Acquisition Agreement (Fargo Electronics Inc)

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Employment Claims. To the Knowledge knowledge of the Company, there is no present or former employee of the Company who has any material claim against the Company (whether under Law, under any employee agreement or otherwise) on account of or for: (1i) overtime pay, other than overtime pay for the current payroll period; (2ii) wages or salaries, other than wages or salaries for the current payroll period; or (3iii) vacations, sick leave, time off or pay in lieu of vacation or time off, other than vacation, sick leave or time off (or pay in lieu thereof) earned in the period immediately preceding the date of this Agreement or incurred in the ordinary course of business and appearing as a liability on the most recent Company Financial Statements.

Appears in 2 contracts

Samples: Merger Agreement (Ivex Packaging Corp /De/), Merger Agreement (Ivex Packaging Corp /De/)

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