Increases in Compensation or Benefits. Subsequent to December 31, 1999, there have been no increases in the compensation payable or to become payable to any of the employees of Sellers who work solely at the Stations, nor have Sellers paid or provided for any awards, bonuses, stock options, loans, profit-sharing, pension, retirement or welfare plans or similar or other payments or arrangements for or on behalf of such employees in each case other than (a) reasonable and customary increases made by Sellers in the ordinary course of business, (b) pursuant to currently existing plans or arrangements set forth in Sellers' Disclosure Schedule or (c) as was required from time to time by governmental legislation affecting wages. The vacation policy of Sellers is set forth in Sellers' Disclosure Schedule. No employee of any Seller who works solely at the Stations is entitled to vacation time in excess of two weeks during the current calendar year and no such employee has any accrued vacation time with respect to any period prior to the current calendar year, except as set forth in Sellers' Disclosure Schedule.
Increases in Compensation or Benefits. Subsequent to August 26, 2000, there have been no increases in the compensation payable or to become payable to any of the employees of the Company earning in excess of $40,000 per annum and there have been no payments or provisions for any awards, bonuses, loans, profit sharing, pension, retirement or welfare plans or similar or other disbursements or arrangements for or on behalf of such employees (or related parties thereof), in each case, other than as set forth in the Company Disclosure Schedule. Except for bonuses that may be due to employees of the Company for the current year as set forth in the Company Disclosure Schedule, all bonuses heretofore granted to employees of the Company have been paid in full to such employees. Pursuant to the Company's vacation policy, employees earn three weeks vacation per year which can be carried forward for two years. No employee of the Company is entitled to vacation time in excess of three weeks in respect of the current calendar year and no employee of the Company has more than six weeks accrued vacation time in respect of prior years or any accrued sick time with respect to any prior year which can be carried forward.
Increases in Compensation or Benefits. Subsequent to December 31, 1998, there have been no increases in the compensation payable or to become payable to any of the employees of the Company, nor has the Company paid or provided for any awards, bonuses, stock options, loans, profit-sharing, pension, retirement or welfare plans or similar or other payments or arrangements for or on behalf of such employees in each case other than (a) pursuant to currently existing plans or arrangements set forth in Stockholder's Disclosure Schedule or (b) as was required from time to time by governmental legislation affecting wages. The vacation policies of the Company are set forth in Stockholder's Disclosure Schedule. No employee of the Company is entitled to vacation time in excess of two weeks during the current calendar year, and no such employee has any accrued vacation time with respect to any period prior to the current calendar year.
Increases in Compensation or Benefits. Subsequent to December 1, 1998 and except as set forth in Schedule 3.20, there have been no increases in the compensation of any TechStore's employees' current salary payable or to become payable to any of the employees of TechStore in connection with the Business and there have been no payments or provisions for any awards, bonuses, stock options, loans, profit sharing, pension, retirement or welfare plans or similar or other disbursements or arrangements for or on behalf of such employees (or related parties thereof), in each case, other than (i) pursuant to currently existing plans or arrangements, or (ii) as was required from time to time by governmental legislation affecting wages. All bonuses heretofore granted to employees of the Business have been paid in full to such employees.
Increases in Compensation or Benefits. Subsequent to December 31, 1996, there have been no increases in the compensation payable or to become payable to any of the employees of either Seller who work solely at the Station, nor has either Seller paid or provided for any awards, bonuses, stock options, loans, profit-sharing, pension, retirement or welfare plans or similar or other payments or arrangements for or on behalf of such employees in each case other than (a) pursuant to currently existing plans or arrangements set forth in SELLERS' DISCLOSURE SCHEDULE or (b) as was required from time to time by governmental legislation affecting wages. The vacation policy of each Seller is set forth in SELLERS' DISCLOSURE SCHEDULE. No employee of either Seller who works solely at the Station is entitled to vacation time in excess of two weeks (three weeks in the case of employees with 10 years or more of service) during the current vacation year (fiscal May 1 through April 30) and no such employee has any accrued vacation time with respect to any period prior to the current calendar year except as set forth in SELLERS' DISCLOSURE SCHEDULE.
Increases in Compensation or Benefits. Except as set forth in Exhibit D, subsequent to March 31, 1997, there have been no increases in the compensation payable or to become payable to any of the employees involved in the Business and there have been no payments or provisions for any awards, bonuses, stock options, loans, profit sharing, pension, retirement or welfare plans or similar or other disbursements or arrangements for or on behalf of such employees (or related parties thereof), in each case, other than pursuant to currently existing plans or arrangements, if any, set forth in Exhibit E; provided, however, that in no event was any such increase in compensation or any such payment or provision made with respect to any employees earning in excess of $20,000 per annum. All commissions heretofore earned and all bonuses heretofore granted to employees involved in the Business have been paid in full to such employees. The vacation policy of the Business is set forth in Exhibit E. Except as 25 17 set forth in Exhibit D, no employee involved in the Business is entitled to vacation time in excess of three weeks during the current calendar year and no employee involved in the Business has any accrued vacation or sick time with respect to any prior period.
Increases in Compensation or Benefits. Subsequent to January 31, 1997, there have been no increases in the compensation payable or to become payable to any of the employees of the Company in the conduct of the Business and there have been no payments or provisions for any awards, bonuses, stock options, loans, profit sharing, pension, retirement or welfare plans or similar or other disbursements or arrangements for or on behalf of such employees (or related parties thereof), in each case, other than (i) pursuant to currently existing plans or arrangements set forth in Exhibit J or (ii) as was required from time to time by governmental legislation affecting wages. All bonuses heretofore granted to employees of the Business have been paid in full to such employees.
Increases in Compensation or Benefits. Except as set forth in Exhibit D, subsequent to the date of the 1996 Balance Sheet, there have been no increases in the compensation payable or to become payable to any of the employees of the Company and there have been no payments or provisions for any awards, bonuses, loans, profit sharing, pension, retirement or welfare plans or similar or other disbursements or arrangements for or on behalf of such employees (or related parties thereof), in each case, other than pursuant to currently existing plans or arrangements, if any, set forth in Exhibit E; provided, however, that in no event was any such increase in compensation or any such payment or provision made with respect to either of the Shareholders (or any members of the families of either of the Shareholders). Except as set forth in Exhibit D, all bonuses heretofore granted to employees of the Company have been paid in full to such employees. The vacation policy of the Company is set forth in Exhibit E. Except as set forth in Exhibit E, no employee of the Company is entitled to vacation time in excess of three weeks during the current calendar year and no employee of the Company has any accrued vacation or sick time with respect to any prior period.
Increases in Compensation or Benefits. Subsequent to December 31, 1996, there have been no increases in the compensation payable or to become payable to any of the employees of Seller who work solely at the Stations, nor has Seller paid or provided for any awards, bonuses, stock options, loans, profit-sharing, pension, retirement or welfare plans or similar or other payments or arrangements for or on behalf of such employees in each case other than (a) pursuant to currently existing plans or arrangements set forth in Seller's Disclosure Schedule or (b) as was required from time to time by governmental legislation affecting wages. The vacation policy of Seller is set forth in Seller's Disclosure Schedule. No employee of Seller who works solely at the Stations is entitled to vacation time in excess of two weeks during the current calendar year and no such employee has any accrued vacation time with respect to any period prior to the current calendar year, except as set forth in Seller's Disclosure Schedule.
Increases in Compensation or Benefits. Subsequent to December 31, 1996, there have been no increases in the compensation payable or to become payable to any of the employees of Citadel who work solely at the Station, nor has Citadel paid or provided for any awards, bonuses, stock options, loans, profit-sharing, pension, retirement or welfare plans or similar or other payments or arrangements for or on behalf of such employees in each case other than (a) pursuant to currently existing plans or arrangements set forth in CITADEL'S DISCLOSURE SCHEDULE or (b) as was required from time to time by governmental legislation affecting wages. The vacation policy of Citadel with respect to the Station is set forth in CITADEL'S DISCLOSURE SCHEDULE. No employee of Citadel who works solely at the Station is entitled to vacation time in excess of two weeks during the current calendar year and no such employee has any accrued vacation time with respect to any period prior to the current calendar year, except as set forth in CITADEL'S DISCLOSURE SCHEDULE.
