Census. The Company has delivered to Purchaser a list of all persons who are employees or independent contractors of each Acquired Company performing services as of July 19, 2016, including any employee who is on a leave of absence of any nature, paid or unpaid, authorized or unauthorized, and sets forth for each such individual the following: (i) name; (ii) title or position (including whether full or part time); (iii) exempt or non-exempt status (for employees); (iv) hire date; (v) current base compensation rate for the time periods indicated thereon; and (vi) all commission, bonus or other incentive-based or contingent compensation or remuneration for the time periods indicated thereon. All compensation, including wages, commissions and bonuses, payable to all employees or independent contractors of each Acquired Company for services performed on or prior to the date hereof have been paid or accrued in full. All employees of the Acquired Companies are “employees at will” and their employment may be terminated for any lawful reason without more than 14 days’ notice.
Appears in 2 contracts
Sources: Stock and Membership Interest Purchase Agreement, Stock and Membership Interest Purchase Agreement (Cott Corp /Cn/)