Promotional Practices. 9.21.1 The Seller and its Affiliates have not in connection with the Business or the operation of the Transferred Assets of the Business, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any commission payment or any other money or other thing of value (including any fee, gift, sample, travel expense, or entertainment) payable, to:
(a) any Person who is an official, officer, agent, employee or representative of any Governmental Authority, or any existing or prospective customer (whether government-owned or non-government-owned); [***] Indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC.
9.21.1 (b) any political party or official thereof;
Promotional Practices. Notices of all vacancies and newly created positions shall be sent electronically during the recruitment process. Bargaining unit applicants meeting the minimum qualifications shall be granted an interview. In the event that an applicant within the department has equal or better qualifications than an outside applicant (from either the bargaining unit or other applicants), then the senior applicant from within the department shall be given preference. In the event that an applicant from outside the department but within the bargaining unit has equal or better qualifications than an outside applicant, then the senior applicant from within the bargaining unit shall be given preference over an equally qualified outside applicant.
Promotional Practices. Microchip's practice is to promote approximately 10% of the indirect labor force once per year to the next grade level responsibility. Approximately 40% of the new Gresham facilities will be direct labor employees. Once Microchip places an entry level or category one direct labor employee into grade 90, the following chart illustrates their path. 90---92 -First year promotion 92---94 -Second year promotion 94---96 -Third year promotion
Promotional Practices. 9.21.1 The Seller and its Affiliates have not in connection with the Business or the operation of the Transferred Assets of the Business, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any commission payment or any other money or other thing of value (including any fee, gift, sample, travel expense, or entertainment) payable, to:
(a) any Person who is an official, officer, agent, employee or representative of any Governmental Authority, or any existing or prospective customer (whether government-owned or non-government-owned);
9.21.1 (b) any political party or official thereof;
Promotional Practices. (a) Neither Seller in respect of the Business, nor any of its directors, officers, employees, consultants, agents or other representatives in respect of the Business has:
(i) taken any action in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of any money or anything else of value to any government official (including any officer or employee of a government or government-controlled entity or instrumentality, or of a public international organization, or any Person acting in an official capacity for or on behalf of any of the foregoing, or any political party or official thereof, or candidate for political office, all of the foregoing being referred to as “Government Officials” or to any other Person while knowing that all or some portion of the money or value (including any fee, gift, sample, travel expense or entertainment) was or shall be offered, given or promised to a Government Official, to influence official action for the purpose of obtaining or retaining business or securing any improper advantage and Seller in respect of the Business has instituted and maintains policies and procedures designed to promote and achieve compliance with applicable anti-corruption Laws and with the representation and warranty contained herein; or
(ii) violated any Laws of India relating to the promotion of pharmaceutical products, any anti-corruption Laws and any pharmaceutical manufacturer industry codes of compliance issued by pharmaceutical manufacturer member organizations outside of the United States.
(b) Section 5.21(b) of the Seller Disclosure Schedule sets forth a compete and accurate list of the internal audit reports in relation to the Business. Seller, in respect of the Business, (i) has made and kept books and records, which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of assets and (ii) have devised and maintained a system of internal accounting controls, internal controls over financial reporting and disclosure controls and procedures adequate to ensure: (A) that books and records accurately and fairly reflect, in reasonable detail, the transactions and dispositions of Seller’s assets; (B) that the integrity of its financial statements is maintained; and (C) that access to assets is permitted only in accordance with management’s general or specific authorizations.
(c) Seller in respect of the Business has not at any time since January 1, 2006 engaged in the sale, purchas...
Promotional Practices. 10.21.1 The Seller has not, in connection with the Business, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any commission payment or any other money or other thing of value (including any fee, gift, sample, travel expense, or entertainment) payable, to:
(a) any Person who is an official, officer, agent, employee or representative of any Governmental Authority, or any existing or prospective customer (whether government-owned or non-government-owned);
(b) any political party or official thereof;
(c) any candidate for political or political party office; or
(d) any other individual or entity; while knowing or having reason to believe that all or any portion of such money or thing of value would be offered, given, or promised, directly or indirectly, to any such official, officer, agent, employee, representative, political party, political party official, candidate, individual or any entity affiliated with such customer, political party or official, or political office.
10.21.2 Each transaction related to the Business or the Transferred Undertakings of the Business is, in all material respects, properly and accurately recorded on the books and records of the Seller, as applicable, and each document on which entries in the Seller’s books and records are based is complete and accurate in all material respects. The Seller maintains a system of internal accounting controls adequate to ensure that the Seller maintains no off-the-books accounts and that the Seller’s assets are used only in accordance with the Seller’s management directives.
10.21.3 Except as set forth in Clause 10.21 of the Seller Disclosure Schedule, in respect of the Business, neither the Seller nor any of its Affiliates has at any time engaged in the sale, purchase, import, export, re-export or transfer of products or services, either directly or indirectly, to or from Myanmar, Cuba, Iran, North Korea, Sudan or Syria (the “Certain Nations”) or been a party to or beneficiary of any franchise, license, management or other Contract with any Person, either public or private, in the Certain Nations or been a party to any investment, deposit, loan, borrowing or credit arrangement or involved in any other financial dealings, with any Person, either public or private, in the Certain Nations.
Promotional Practices. 9.21.1 The Seller and its Affiliates have not in connection with the Business, to obtain or retain business, directly or indirectly offered, paid, or promised to pay, or authorized the payment of, any commission payment or any other money or other thing of value (including any fee, gift, sample, travel expense, or entertainment) payable, to:
(a) any Person who is an official, officer, agent, employee or representative of any Governmental Authority, or any existing or prospective customer (whether government-owned or non-government-owned);
9.21.1 (b) any political party or official thereof; CONFIDENTIAL TREATMENT [***] Indicates that text has been omitted which is the subject of a confidential treatment request. This text has been separately filed with the SEC.
9.21.1 (c) any candidate for political or political party office; or
Promotional Practices. Microchip’s practice is to promote approximately 10% of the indirect labor force once per year to the next grade level responsibility. Approximately 40% of the Gresham facilities will be direct labor employees. Once Microchip places an entry level or category one direct labor employee into grade 90, the following chart illustrates their path. 90---92 - First year promotion 92---94 - Second year promotion 94---96 - Third year promotion Once a Category One employee has reached grade 96 they have had a promotion every year for three years and they have reached the highest grade available. To continue advancement an employee must take on additional responsibilities such as supervision or follow a technical path toward engineering. Amended Strategic Investment Program Contract - 8 of 24 Microchip provides tuition reimbursement as described in Exhibit 5 up to $10,000 a year for education. Microchip commits to continue with this level of promotions per year to the extent economic conditions permit, for all employees whose job performance justifies promotion.
