Common use of FLSA Clause in Contracts

FLSA. Since January 1, 2015, for purposes of the Fair Labor Standards Act of 1938, as amended (the “FLSA”), and all other Applicable Laws, (i) all individuals characterized and treated by iGambit or any of its Subsidiaries as consultants or independent contractors are properly treated as independent contractors; (ii) all current or former employees compensated on a commission or piecework basis qualify or qualified for an applicable exemption, including Section 7(i) of the FLSA; and (iii) all current and former employees classified as exempt under the FLSA and Applicable Laws are or have been properly classified.

Appears in 2 contracts

Samples: Merger Agreement (iGambit, Inc.), Merger Agreement (iGambit, Inc.)

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FLSA. Since January 1, 20152020, for purposes of the Fair Labor Standards Act of 1938, as amended (the “FLSA”), ) and all other Applicable Laws, (i) all individuals characterized and treated by iGambit Seller or any of its Subsidiaries as consultants or independent contractors are properly treated as independent contractors; (ii) all current or former employees compensated on a commission or piecework basis qualify or qualified for an applicable exemption, including Section 7(i) of the FLSA; and (iii) all current and former employees classified as exempt under the FLSA and Applicable Laws are or have been properly classified.

Appears in 1 contract

Samples: Merger Agreement (HealthLynked Corp)

FLSA. Since January 1, 20152016, for purposes of the Fair Labor Standards Act of 1938, as amended (the “FLSA”), and all other Applicable Laws, (i) all individuals characterized and treated by iGambit Parent or any of its Subsidiaries as consultants or independent contractors are properly treated as independent contractors; (ii) all current or former employees compensated on a commission or piecework basis qualify or qualified for an applicable exemption, including Section 7(i) of the FLSA; and (iii) all current and former employees classified as exempt under the FLSA and Applicable Laws are or have been properly classified.

Appears in 1 contract

Samples: Merger Agreement (Clinigence Holdings, Inc.)

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FLSA. Since January 1, 20152016, for purposes of the Fair Labor Standards Act of 1938, as amended (the “FLSA”), and all other Applicable Laws, (i) all individuals characterized and treated by iGambit Parent or any of its Subsidiaries as consultants or independent contractors are properly treated as independent contractors; (ii) all current or former employees compensated on a commission or piecework basis qualify or qualified for an applicable exemption, including Section 7(i) of the FLSA; and (iii) all current and former employees classified as exempt under the FLSA and Applicable Laws are or have been properly classified.

Appears in 1 contract

Samples: Merger Agreement (Clinigence Holdings, Inc.)

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