Common use of Labor Agreements and Actions; Employee Benefit Plans Clause in Contracts

Labor Agreements and Actions; Employee Benefit Plans. (a) Neither Parent nor Xxxxxx Merger Sub is bound by or subject to (and none of their assets or properties is bound by or subject to) any written or oral, express or implied, contract, commitment or arrangement with any labor union, and no labor union has requested or, to the knowledge of Parent, has sought to represent any of the employees, representatives, or agents of Parent or Xxxxxx Merger Sub. There is no strike or other labor dispute involving Parent or Xxxxxx Merger Sub pending or, to the knowledge of Parent, threatened, nor is Parent aware of any labor organization activity involving its employees. (b) Neither Parent nor Xxxxxx Merger Sub has ever sponsored, maintained, contributed to or had any liabilities or responsibilities for, any pension, profit-sharing or other retirement, bonus, deferred compensation, employment agreement, severance agreement, compensation, stock purchase, stock option, severance or termination pay, hospitalization or other medical, life or other insurance, long- or short-term disability, fringe benefit, sick pay, or vacation pay, or other employee benefit plan, program, agreement, or arrangement or policy. (c) There are no employment agreements for any officers or employees of Parent.

Labor Agreements and Actions; Employee Benefit Plans. (a) Neither Parent nor Xxxxxx Ariston Merger Sub is bound by or subject to (and none of their assets or properties is bound by or subject to) any written or oral, express or implied, contract, commitment or arrangement with any labor union, and no labor union has requested or, to the knowledge of Parent, has sought to represent any of the employees, representatives, or agents of Parent or Xxxxxx Ariston Merger Sub. There is no strike or other labor dispute involving Parent or Xxxxxx Ariston Merger Sub pending or, to the knowledge of Parent, threatened, nor is Parent aware of any labor organization activity involving its employees. (b) Neither Parent nor Xxxxxx Ariston Merger Sub has ever sponsored, maintained, contributed to or had any liabilities or responsibilities for, any pension, profit-sharing or other retirement, bonus, deferred compensation, employment agreement, severance agreement, compensation, stock purchase, stock option, severance or termination pay, hospitalization or other medical, life or other insurance, long- or short-term disability, fringe benefit, sick pay, or vacation pay, or other employee benefit plan, program, agreement, or arrangement or policy. (c) There are no employment agreements for any senior officers or employees of Parent.

Labor Agreements and Actions; Employee Benefit Plans. (a) Neither Parent nor Xxxxxx Xxxxxxx Merger Sub is bound by or subject to (and none of their assets or properties is bound by or subject to) any written or oral, express or implied, contract, commitment or arrangement with any labor union, and no labor union has requested or, to the knowledge of Parent, has sought to represent any of the employees, representatives, or agents of Parent or Xxxxxx Xxxxxxx Merger Sub. There is no strike or other labor dispute involving Parent or Xxxxxx Xxxxxxx Merger Sub pending or, to the knowledge of Parent, threatened, nor is Parent aware of any labor organization activity involving its employees. (b) Neither Parent nor Xxxxxx Xxxxxxx Merger Sub has ever sponsored, maintained, contributed to or had any liabilities or responsibilities for, any pension, profit-sharing or other retirement, bonus, deferred compensation, employment agreement, severance agreement, compensation, stock purchase, stock option, severance or termination pay, hospitalization or other medical, life or other insurance, long- or short-term disability, fringe benefit, sick pay, or vacation pay, or other employee benefit plan, program, agreement, or arrangement or policy. (c) There are no employment agreements for any officers or employees of Parent.