Employees and Terms of Employment Sample Clauses
Employees and Terms of Employment. 7.1.1 The Data Room contains details, in relation to each Group Company and Business, of:
(i) the total number of Current Employees;
(ii) the salary and other benefits, period of continuous employment, location, grade and (other than where the provision of such information is unlawful), the age of each Current Employee;
(iii) specimen terms and conditions of each material grade or category of the Current Employees; and
(iv) employment contracts or service agreements for Senior Employees.
7.1.2 There are no terms of employment for any Current Employees which provide that a change in control of any business in which they work or any Group Company (however change in control may be defined, if at all) shall entitle that employee to treat the change in control as amounting to a breach of such terms or entitling him to any payment or benefit or entitling him to treat himself as redundant or dismissed or released from any obligation.
7.1.3 None of the employers of the Current Employees has any scheme or arrangement in place under which employees dismissed by reason of redundancy are entitled to payments in excess of statutory redundancy entitlements, calculated in accordance with the Employment Rights Act 1996 (or any analogous legislation in any relevant jurisdiction), and no such company has adopted any custom or practice of making any such payments on the dismissal for redundancy or otherwise of employees.
7.1.4 Each Business Transferor, and Group Company has maintained records regarding the service of the Current Employees which are current, accurate and complete in all material respects.
7.1.5 So far as the Transferors are aware, there is no unresolved dispute, claim or litigation of any kind (including administrative hearing, arbitration, conciliation, mediation, prosecution or regulatory hearing) relating to the employment of any Current Employee which would have a material adverse effect on the Group. So far as the Transferors are aware, there are no such claims or litigation pending.
7.1.6 No formal notice or communication has been given or statement or representation made by the RBSG Group human resources function to any Current Employee concerning or affecting the employment or engagement of any Current Employee after Closing.
7.1.7 So far as the Transferors are aware, each Business Transferor and Group Company has complied in all material respects with the terms of all contracts of employment, collective bargaining agreements and all applicable law in...
Employees and Terms of Employment. 7.1.1 The Data Room contains details, in relation to each Group Company and the VIA Operations, of:
(i) the total number of the Employees;
(ii) the salary and other benefits, period of continuous employment, location, grade, age and notice period of each Employee; and
(iii) the terms of the contract of employment of each Senior Employee.
Employees and Terms of Employment. 7.1.1 All existing contracts of service with directors (if any) or employees of the Company and all consultancy agreements entered into by the Company have been disclosed in writing to the Purchaser.
7.1.2 All contracts of service with directors (if any) or employees of the Company, and consultancy agreements with the Company, can be terminated with three (3) months’ notice or (where not reduced to writing) by reasonable notice without giving rise to any claim for damages or compensation (other than a statutory redundancy payment or statutory compensation for unfair dismissal).
7.1.3 No changes to any of the contracts or agreements with the directors (if any) and employees of the Company referred to in Paragraph 7.1.1 of this Schedule 4 has been made or proposed whether by the Company or any employee, director or consultant since its disclosure in writing to the Purchaser.
Employees and Terms of Employment. 8.1.1 Folder 10 of the Data Room contains details of:
(i) the total number of Employees;
(ii) the salary and other benefits, period of continuous employment, location, grade and age of each Senior Employee;
(iii) the contract of employment of each Senior Employee; and
(iv) the standard terms and conditions of each grade or category of Employee.
8.1.2 Disclosed in the Data Room are copies of the rules relating to all share incentive, share option, profit sharing, bonus or other incentive arrangements, in respect of which any Employees have outstanding interests/entitlements.
Employees and Terms of Employment. 6.1.1 Full particulars of the identities, dates of commencement of employment, or appointment to office, and terms and conditions of employment of all the employees and officers of each Group Company, including without limitation profit sharing, commission or discretionary bonus arrangements, are fully and accurately set out in the Disclosure Letter.
6.1.2 There are no agreements or arrangements (whether or not legally binding) between any Group Company and any trade union or other body representing employees.
6.1.3 No contract of service exists between any Group Company and a director or employee in relation to which any relevant requirements of CA s 319 have not been fulfilled.
Employees and Terms of Employment. The Data Room contains details of:
Employees and Terms of Employment. (a) The Disclosure Letter sets out a list of all the directors of the Target and all employees of the Target together with particulars of the date of commencement of employment, period of continuous employment, job description or grade, age, salary and all material benefits provided and the applicable terms and conditions of employment of all such directors and employees of the Target. All such information is true, complete and accurate.
(b) No employees of the Target are on secondment, maternity leave or absent on grounds of disability or other long term leave of absence.
(c) No outstanding offer of employment has been made by the Target to any person nor has any person accepted an offer of employment made by the Target but who has not yet commenced such employment.
(d) There are no contracts for services (including without limitation consultancy agreements and agreements with non-executive directors) between the Target and any person.
(e) All subsisting contracts of service or contracts for services (including without limitation consultancy agreements and agreements with non-executive directors) to which the Target is a party are determinable at any time by the Target on 3 months’ notice or less without compensation.
(f) No contracts of employment, contracts for services (including without limitation consultancy agreements and agreements with non-executive directors) with the Target contain liquidated damages clauses or other terms and conditions giving rise to any debt and/or compensation payable by the Target on the termination of any such contract, whether or not such termination is initiated by the individual, consultant or the Target.
(g) No director or employee has given notice to the Target terminating his contract of employment or contract for services which is outstanding as at the date of this agreement.
Employees and Terms of Employment. The Disclosure Letter contains details, in relation to each Hotel at the date of this Agreement, of:
Employees and Terms of Employment. (a) Complete and accurate details of all material terms of employment of each employee, worker of the Target Group (together the “Staff”) have been disclosed in the Data Room including job description, length of service (including any deemed to be continuous with previous employers), contractual notice entitlement, salary, contractual benefits in kind, profit sharing, bonuses and commissions.
(b) Details of staff dismissed in the 12 months ending on the date of this agreement and the procedures that have been followed in respect of those proceedings have been disclosed in the Data Room.
(c) All maternity, paternity, parental, adoption, equal opportunities, dismissal, disciplinary, grievance and any other policies and procedures (whether legally binding or not) applicable to all or any of the Staff have been disclosed in the Data Room.
(d) Details of any Staff dispute or claim with the Target or any circumstances known to the Seller and which the Seller reasonably anticipates will give rise to any such dispute or claim have been disclosed in the Data Room.
(e) No former Staff have any right or potential right (whether statutory or contractual) to return to work or to be re-instated or re-engaged.
(f) No Staff are on or, where applicable, have notified the Seller in compliance with the applicable Target employment procedures of their intention to be absent due to secondment, maternity leave, adoption leave, parental leave or absent on grounds of disability or other leave of absence exceeding one month.
(g) No Staff are subject to any court order, restrictive covenant or other obligation of which the Seller is aware which might restrict him from fully performing his duties.
(h) No Staff have any current entitlement to receive payments under any employer sponsored disability, permanent health or similar insurance scheme.
(i) No amounts are owing between any Staff and the Target (other than remuneration and pension contributions accrued due in respect of the current month or reimbursements of business expenses).
(j) There are no agency workers or consultants engaged by the Target Group.
(k) No outstanding offer of employment or engagement as an employee, consultant, worker, agent or director has been made by the Target to any person nor has any person accepted such an offer of employment or engagement made by the Target but who has not yet commenced such employment or engagement and who in any such case would earn a basic salary of more than £30,000 per annum.
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Employees and Terms of Employment. (a) The Disclosure Letter sets out a list of all the directors of the Target and employees of the Target earning in excess of £40,000 per annum from such position together with particulars of the date of commencement of employment, period of continuous employment, job description or grade, age, salary and all material benefits provided and the applicable terms and conditions of employment of all such directors and employees of the Target.
(b) No employees of the Target are on secondment, maternity leave or absent on grounds of disability or other long term leave of absence.
(c) No outstanding offer of employment has been made by the Target to any person nor has any person accepted an offer of employment made by the Target but who has not yet commenced such employment.
(d) There are no contracts for services (including without limitation consultancy agreements) between the Target and any person.
(e) All subsisting contracts of service or contracts for services to which the Target is a party are determinable at any time by the Target on 6 months' notice or less without compensation.
(f) No director or employee earning in excess of £40,000 per annum has given notice to the Target terminating his contract of employment which is outstanding as at the date of this agreement.