Common use of Labor, Benefit and Employment Agreements Clause in Contracts

Labor, Benefit and Employment Agreements. (a) Except as set forth in Schedule 5.10 to this Agreement, the Seller is not a party to and does not have any commitment or obligation in respect of (i) any collective bargaining agreement or other labor agreement relating to any employees of the Seller, or (ii) any agreement with respect to the employment or compensation of any non-hourly and/or non-union employee(s) of the Businesses. Schedule 5.10 sets forth the amount of all compensation or remuneration (including any discretionary bonuses) paid by the Seller during the 1997 calendar year to employees or consultants of the Seller who presently receive aggregate compensation or remuneration at an annual rate in excess of $35,000.

Labor, Benefit and Employment Agreements. (a) Except as set forth in Schedule 5.10 to this Agreement4.13 annexed hereto, the Seller is not a party to and does not have any commitment or obligation in respect of (i) any collective bargaining agreement or other labor agreement relating to any employees of the SellerBusiness, or (ii) any agreement with respect to the employment or compensation of any non-hourly and/or non-union employee(s) of the BusinessesBusiness. Schedule 5.10 4.13 sets forth the amount of all compensation or remuneration (including any discretionary bonuses) paid by the Seller during the 1997 2003 calendar year to employees or consultants of the Seller Business who presently receive aggregate compensation or remuneration at an annual rate in excess of $35,00040,000.