Common use of Employment Contracts, and Employee Benefit Programs Clause in Contracts

Employment Contracts, and Employee Benefit Programs. BF is not a party to any collective bargaining agreement or employment agreement, and BF is not a party to any pending or threatened labor dispute. BF has complied with all applicable provisions of the Employee Retirement Income Security Act or 1974, as amended, ("ERISA") and all applicable Federal, state and local laws relating to the employment of labor, including but not limited to the provisions thereof relative to wages, hours, collective bargaining, contributions to pension or benefit plans, and payment of Social Security and other payroll taxes, and BF is not liable for any arrears of wages or any taxes or penalties for failure to comply with any of the foregoing. No "reportable event" (as that term is defined in Section 4043 of ERISA or regulations thereunder) has occurred and is continuing with respect to any employee benefit plan of BF, and the present value of all benefits vested under all of BF's "employee pension benefit plans" (as that term is defined in Section 3 of ERISA) do not exceed the value of the assets of such plans allocable to such vested benefits. None of such plans nor any trusts created thereunder have incurred any "accumulated funding deficiency," as such term is defined in Section 302 of ERISA since the effective date of Section 302. BF neither has currently nor during the past five (5) years has had written or oral retirement, pension, profit sharing, stock option, bonus, hospitalization, vacation or other employee benefit plan, practice, agreement or understanding. The Company has no employees other than its statutory officers listed on Schedule "B," and owes no remuneration to any such officer.

Employment Contracts, and Employee Benefit Programs. BF is not a party to any collective bargaining agreement or employment agreement, and BF is not a party to any pending or threatened labor dispute. BF has complied with all applicable provisions of the Employee Retirement Income Security Act or 1974, as amended, ("ERISA") and all applicable Federal, state and local laws relating to the employment of labor, including but not limited to the provisions thereof relative to wages, hours, collective bargaining, contributions to pension or benefit plans, and payment of Social Security and other payroll taxes, and BF is not liable for any arrears of wages or any taxes or penalties for failure to comply with any of the foregoing. No "reportable event" (as that term is defined in Section 4043 of ERISA or regulations thereunder) has occurred and is continuing with respect to any employee benefit plan of BF, and the present value of all benefits vested under all of BF's "employee pension benefit plans" (as that term is defined in Section 3 of ERISA) do not exceed the value of the assets of such plans allocable to such vested benefits. None of such plans nor any trusts created thereunder have incurred any "accumulated funding deficiency," as such term is defined in Section 302 of ERISA since the effective date of Section 302. BF neither has currently nor during the past five (5) years has had written or oral retirement, pension, profit sharing, stock option, bonus, hospitalization, vacation or other employee benefit plan, practice, agreement or understanding. The Company BF has no employees other than its statutory officers listed on Schedule "B," 7.B, and owes no remuneration to any such officer.

Employment Contracts, and Employee Benefit Programs. BF Without limiting the generality of subparagraph 6(f), Physician is not a party to any collective bargaining agreement or employment agreementagreement (except as set forth in Schedule "6(g)"), and BF Physician is not a party to any pending or threatened labor dispute. BF Physician has performed all her obligations pursuant to the agreements set forth in Schedule "6(g)" and at the request of USP or its affiliated designee all such agreements are transferable to USP or its affiliated designee, as such parties may determine, and no notices or consents are necessary to such transfer, except as set forth in Schedule "6(g)." Physician has complied in all material respects with all applicable provisions of the Employee Retirement Income Security Act or of 1974, as amended, ("ERISA") and all applicable Federal, state and local laws relating to the employment of labor, including but not limited to the provisions thereof relative to wages, hours, collective bargaining, contributions to pension or benefit plans, and payment of Social Security taxes and other payroll taxes, and BF Physician is not liable for any arrears of wages or any taxes or penalties for failure to comply with any of the foregoing. No "reportable event" (as that term is defined in Section 4043 of ERISA or regulations thereunder) has occurred and is continuing with respect to any employee benefit plan of BFPhysician, and the present value of all benefits vested under all of BFPhysician's "employee pension benefit plans" (as that term is defined in Section 3 of ERISA) do not exceed the value of the assets of such plans allocable to such vested benefits. None of such plans nor any trusts created thereunder have incurred any "accumulated funding deficiency," ", as such term is defined in Section 302 of ERISA since the effective date of Section 302. BF neither has Physician currently nor or during the past five (5) years has not had any written or oral retirement, pension, profit sharing, stock option, bonus, hospitalization, vacation or other employee benefit plan, practice, agreement or understanding, except as set forth in Schedule "6(g)-1". The Company has no All employees other than its statutory officers listed of Physician are paid salaries in accordance with the schedules set forth on Schedule "B," 6(g)-2", which also shows their job titles, hours of employment and owes all accrued vacation or compensation in lieu of vacation payable to each employee. There is no remuneration to any such officeremployee of Physician whose employment is not terminable at will, except as shown in Schedule "6(g)-3."