Labor Issues. No labor problem or dispute with the employees of the Company exists or, to the Company’s knowledge, is threatened or imminent, which would reasonably be expected to result in a Material Adverse Effect. The Company is not aware that any key employee or significant group of employees of the Company plans to terminate employment with the Company.
Labor Issues. No labor problem or dispute with the employees of the Company or any Subsidiary exists or, to the Company’s knowledge, is threatened or imminent, which would reasonably be expected to result in a Material Adverse Effect. Except as disclosed in the General Disclosure Package, the Company is not aware that any key employee or significant group of employees of the Company or any Subsidiary plans to terminate employment with the Company or any Subsidiary.
Labor Issues. No Party shall be required to settle a strike or other labor dispute affecting its operations.
Labor Issues. TRIP and/or its Controlled Companies are in compliance with all applicable labor Laws. There is no employment contract with any current or former employee which contains provisions establishing a period of notice or compensatory payments at amounts in excess of those established in the applicable labor Laws. All the employees of TRIP and/or of its Controlled Companies are duly registered in the relevant books and records. TRIP and/or its Controlled Companies are in compliance with all the covenants set forth in their respective collective labor or similar agreements with any trade union or organization applicable to their employees, and there is no new such agreement being negotiated by TRIP and/or its Controlled Companies. There is no strike or work stoppage involving TRIP and/or its Controlled Companies. All labor Disputes involving TRIP and/or its Controlled Companies are listed in Exhibit 7.2.10. No employee of TRIP and/or of its Controlled Companies is entitled to any extraordinary non-habitual payment due by TRIP and/or its Controlled Companies. No employee of TRIP and/or of its Controlled Companies is, in any material respect, in breach of any employment contract, confidentiality agreement or non-competition covenant. TRIP and/or its Controlled Companies are in compliance with all their contractual and statutory obligations in regard to their service providers.
Labor Issues. No strike, picketing or similar action is pending or threatened against Sellers by their employees or any labor union. In addition, Seller is not engaged in any unfair labor practices in connection with the operation of the Restaurants.
Labor Issues. No material labor dispute exists or, to the Knowledge of the Company, is imminent with respect to any of the employees of the Company, which could reasonably be expected to result in a Material Adverse Effect.
Labor Issues. (i) According to preliminary estimates, the Company is currently confronting a contingency for personnel and insurance accounts payable. Appendix 4.13
(i) herein contains the name, hire date, job and gross monthly salary of all employees of the Company.
(ii) The Sellers assume and agree to confront all consequences derived form this contingency (hereinafter the "Contingency"), thus releasing and holding the Buyer harmless from any claim and payment that the Company must confront in the future, for any reason arising out of this Contingency.
(iii) The Parties agree that in order to facilitate payment of the Contingency, they shall establish a security deposit, pursuant to Article 7 herein, for a total of US$ 120,000 (one hundred twenty thousand Dollars). If the definitive amount that must be paid exceeds the amount of the Security Deposit, the Sellers shall pay the balance within five (5) business days from notification by the Buyer. The Security Deposit provided in Articles 6 and 7 herein is not limited only to the Contingency.
(iv) The Sellers shall also cover the costs derived from severing the employment relationship and adjusting the compensation situation for the employees listed in Appendix 4.13 (i), authorizing the Buyer to process the severance of Andrxx Xxxxx, Xxriana Mallxx, Xxxxxxx Xxxerossa, Cecixxx Xxxxx xxx Laurx Xxxxxxx, xxd to adjust the compensation situation of Diego Benchuya, Alfrxxx Xxxnaso and Yanixx Xxxxxx xxxh the Ministry of Labor, and to credit them in an amount not exceeding US$ 80,000 (eight thousand Dollars), as detailed in Appendix 4.13 (iv).
(v) The reintegration of any of these people in the Company, regardless of the legal form adopted, does not release the Sellers from their obligation for indemnity for prior employment.
Labor Issues. The Seller is not presently, nor has been in the past, a party to, or bound by, any collective bargaining agreement or union contract with respect to employees employed in connection with the Business and no collective bargaining agreement is being negotiated with respect to employees.
Labor Issues. No work stoppage or labor strike against the Seller is pending or threatened by any of its employees employed in connection with the Business. The Seller is not threatened with any labor dispute, grievance, or litigation relating to labor, safety or discrimination matters involving any employee, including charges of unfair labor practices or discrimination complaints. The Seller has not engaged in any unfair labor practices within the meaning of the National Labor Relations Act which would, individually or in the aggregate, directly or indirectly result in a liability to the Buyer.
Labor Issues. The parties will consult with one another, and consider each other's views, regarding labor issues of concern to either party
