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

Labor Agreements and Actions; Employee Compensation. Except as set forth in the Schedule of Exceptions, neither the Company not any subsidiary of the Company is bound by or subject to (and none of its 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 has sought to represent any of the employees, representatives or agents of the Company or any subsidiary; there is no strike or other labor dispute involving the Company or any of its subsidiaries pending, or threatened, that could have a material adverse effect on the assets, properties, financial condition, operating results or business of the Company (as such business is presently conducted and as it is proposed to be conducted), nor is the Company aware of any labor organization activity involving its employees; except for terminations arising under this Agreement, the Company is not aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with the Company or any subsidiary, nor does the Company or any subsidiary of the Company have a present intention to terminate the employment of any of the foregoing. The employment of each officer and employee of the Company and each of its subsidiaries is terminable at the will of the Company or subsidiary. The Company and its subsidiaries have complied in all material respects with all applicable laws related to employment. Except as set forth in the Schedule of Exceptions, neither the Company nor any subsidiary of the Company is a party to or bound by any currently effective employment contract, deferred compensation agreement, bonus plan, incentive plan, profit sharing plan, retirement agreement or other employee compensation agreement.

Labor Agreements and Actions; Employee Compensation. Except as set forth in the Schedule of Exceptions, neither Neither the Company not nor any subsidiary of the Company Subsidiary is bound by or subject to (and none of its 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 or, to the Company’s knowledge, has sought to represent any of the employees, representatives or agents of the Company or any subsidiary; there Subsidiary. There is no strike or other labor dispute involving the Company or any of its subsidiaries Subsidiary pending, or to the Company’s knowledge, threatened, that could have a material adverse effect on the assets, properties, financial condition, operating results results, or business of the Company or any Subsidiary (as such business is businesses are presently conducted and as it is proposed to be conducted), nor is the Company or any Subsidiary aware of any labor organization activity involving its employees; except for terminations arising under this Agreement, . Neither the Company nor any Subsidiary is not aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with the Company or any subsidiarysuch Subsidiary, nor does the Company or any subsidiary of the Company Subsidiary have a present intention to terminate the employment of any of the foregoing. The employment of each officer and employee of the Company and each of its subsidiaries Subsidiary is terminable at the will of the Company or subsidiaryCompany. The To the knowledge of the Company, the Company and its subsidiaries have each Subsidiary has complied in all material respects with all applicable state and federal equal employment opportunity and other laws related to employment. Except as set forth in the Schedule of Exceptions, neither Neither the Company nor any subsidiary of the Company Subsidiary is a party to or bound by any currently effective employment contract, deferred compensation agreement, bonus plan, incentive plan, profit sharing plan, retirement agreement agreement, or other employee compensation agreement.

Labor Agreements and Actions; Employee Compensation. Except as set forth in the Schedule of Exceptions, neither Neither the Company not nor any subsidiary of the Company Subsidiary is bound by or subject to (and none of its 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 or, to the Company’s knowledge, has sought to represent any of the employees, representatives or agents of the Company or any subsidiary; there Subsidiary. There is no strike or other labor dispute involving the Company or any of its subsidiaries Subsidiary pending, or to the Company’s knowledge, threatened, that could have a material adverse effect on the assets, properties, financial condition, operating results results, prospects or business of the Company or any Subsidiary (as such business is businesses are presently conducted and as it is proposed to be conducted), nor is the Company or any Subsidiary aware of any labor organization activity involving its employees; except for terminations arising under this Agreement, . Neither the Company nor any Subsidiary is not aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with the Company or any subsidiarysuch Subsidiary, nor does the Company or any subsidiary of the Company Subsidiary have a present intention to terminate the employment of any of the foregoing. The employment of each officer and employee of the Company and each of its subsidiaries Subsidiary is terminable at the will of the Company or subsidiaryCompany. The To the knowledge of the Company, the Company and its subsidiaries have each Subsidiary has complied in all material respects with all applicable state and federal equal employment opportunity and other laws related to employment. Except as set forth in the Schedule of Exceptions, neither Neither the Company nor any subsidiary of the Company Subsidiary is a party to or bound by any currently effective employment contract, severance agreement, deferred compensation agreement, bonus plan, incentive plan, profit sharing plan, retirement agreement agreement, or other employee compensation agreement.