Common use of Labor Relations (Employment Matters) Clause in Contracts

Labor Relations (Employment Matters). (a) There is no material labor strike, dispute, slowdown, stoppage or lockout actually pending or, to ABCB’s Knowledge, threatened against ABCB or any of its Subsidiaries. Neither ABCB nor any of its Subsidiaries is a party to any collective bargaining agreements or similar labor agreements and, to ABCB’s Knowledge, there are no organizing efforts by any union or other group seeking to represent any employees of ABCB or any of its Subsidiaries. ABCB and each of its Subsidiaries is, and has at all relevant times been, in compliance in all material respects with all Applicable Laws respecting employment and employment practices, terms and conditions of employment, equal opportunity, nondiscrimination, immigration, labor, wages, hours of work and occupational safety and health, and is not engaged in any unfair labor practices defined in the National Labor Relations Act or other Applicable Law. Neither ABCB nor any of its Subsidiaries has received any written notice that any Governmental Authority responsible for the enforcement of labor or employment Laws intends to conduct an investigation with respect to or relating to ABCB and its Subsidiaries and, to ABCB’s Knowledge, no such investigation is in progress. (b) Since the Balance Sheet Date, ABCB has not effectuated a “mass layoff” or “plant closing” as defined in the WARN Act affecting any site of employment or facility of ABCB or its Subsidiaries. (c) ABCB and each of its Subsidiaries have made all required payments due to employees and to its respective unemployment compensation reserve accounts with the appropriate Governmental Authorities of the jurisdictions where either ABCB or the respective Subsidiary is required to maintain such accounts, except as would not reasonably be expected to result in material liability to ABCB or its Affiliates.

Appears in 2 contracts

Samples: Merger Agreement (Ameris Bancorp), Merger Agreement (Fidelity Southern Corp)

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Labor Relations (Employment Matters). (a) There is no material labor strike, dispute, slowdown, stoppage or lockout actually pending or, to ABCBFSC’s Knowledge, threatened against ABCB FSC or any of its Subsidiaries. Neither ABCB FSC nor any of its Subsidiaries is a party to any collective bargaining agreements or similar labor agreements and, to ABCBFSC’s Knowledge, there are no organizing efforts by any union or other group seeking to represent any employees of ABCB FSC or any of its Subsidiaries. ABCB FSC and each of its Subsidiaries is, and has at all relevant times been, in compliance in all material respects with all Applicable Laws respecting employment and employment practices, terms and conditions of employment, equal opportunity, nondiscrimination, immigration, labor, wages, hours of work and occupational safety and health, and is not engaged in any unfair labor practices defined in the National Labor Relations Act or other Applicable Law. Neither ABCB FSC nor any of its Subsidiaries has received any written notice that any Governmental Authority responsible for the enforcement of labor or employment Laws intends to conduct an investigation with respect to or relating to ABCB FSC and its Subsidiaries and, to ABCBFSC’s Knowledge, no such investigation is in progress. (b) Since the Balance Sheet Date, ABCB FSC has not effectuated a “mass layoff” or “plant closing” as defined in the WARN Act affecting any site of employment or facility of ABCB FSC or its Subsidiaries. (c) ABCB FSC and each of its Subsidiaries have made all required payments due to employees and to its respective unemployment compensation reserve accounts with the appropriate Governmental Authorities of the jurisdictions where either ABCB FSC or the respective Subsidiary is required to maintain such accounts, except as would not reasonably be expected to result in material liability to ABCB or its Affiliates.

Appears in 2 contracts

Samples: Merger Agreement (Ameris Bancorp), Merger Agreement (Fidelity Southern Corp)

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Labor Relations (Employment Matters). (a) There is no material labor strike, dispute, slowdown, stoppage or lockout actually pending or, to ABCBJAXB’s Knowledge, threatened against ABCB or affecting JAXB or any of its Subsidiaries. Neither ABCB JAXB nor any of its Subsidiaries is a party to any collective bargaining agreements or similar labor agreements and, to ABCBJAXB’s Knowledge, there are no organizing efforts by any union or other group seeking to represent any employees of ABCB JAXB or any of its Subsidiaries. ABCB JAXB and each of its Subsidiaries is, and has at all relevant times been, in compliance in all material respects with all Applicable Laws respecting employment and employment practices, terms and conditions of employment, equal opportunity, nondiscrimination, immigration, labor, wages, hours of work and occupational safety and health, and is not engaged in any unfair labor practices defined in the National Labor Relations Act or other Applicable Law. Neither ABCB JAXB nor any of its Subsidiaries has received any written notice that any Governmental Authority responsible for the enforcement of labor or employment Laws laws, rules or regulations intends to conduct an investigation with respect to or relating to ABCB JAXB and its Subsidiaries and, to ABCBJAXB’s Knowledge, no such investigation is in progress. (b) Since the Balance Sheet Date, ABCB JAXB has not effectuated a “mass layoff” or “plant closing” as defined in the WARN Act affecting any site of employment or facility of ABCB JAXB or its Subsidiaries. (c) ABCB Except as set forth on Schedule 3.24(c), JAXB is not a party to any Contract with respect to the employment of any officer, director, employee or consultant that is not terminable at will and without any penalty or other severance or obligation. (d) Except as set forth on Schedule 3.24(d), to JAXB’s Knowledge, there are no non-solicitation, non-competition, non-disclosure or non-interference agreements between any current employees of JAXB or any of its Subsidiaries and any third party. (e) JAXB and each of its Subsidiaries have made all required payments due to employees and to its respective unemployment compensation reserve accounts with the appropriate Governmental Authorities of the jurisdictions where either ABCB JAXB or the respective Subsidiary is required to maintain such accounts, except as would not reasonably be expected to result in material liability to ABCB or its Affiliates.

Appears in 2 contracts

Samples: Merger Agreement (Jacksonville Bancorp Inc /Fl/), Merger Agreement (Ameris Bancorp)

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