Common use of Employees; Employee Benefit Plans Clause in Contracts

Employees; Employee Benefit Plans. No employee or consultant of --------------------------------- the Company has any agreement or contract, written or oral, except as described on Schedule 4(q) regarding such person's employment or consultancy with the ------------- Company. To the best of the Company's knowledge, no employee of the Company nor any consultant with whom the Company has contracted is in violation of any term of any employment contract, non-disclosure agreement or any other similar contract or agreement relating to the relationship of such employee or consultant with the Company, any former employer or any other party. No employee of the Company has been granted the right to continued employment by the Company or to any material compensation following termination of employment with the Company except as set out on Schedule 4(q) hereto. The Company is not ------------- aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with the Company, nor does the Company have a present intention to terminate the employment of any officer, key employee or group of key employees. Set forth on Schedule 4(q) attached hereto ------------- is an accurate and complete list of all employee benefit plans ("Employee Benefit Plans") within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations thereunder ("ERISA"), whether or not any such Employee Benefit Plans are otherwise exempt from the provisions of ERISA, established, maintained or contributed to by the Company. All such Employee Benefit Plans are fully funded and are and at all times have been in compliance in all material respects with applicable law, including the provisions of ERISA.

Appears in 2 contracts

Samples: Subscription and Purchase Agreement (Phase2media Inc), Subscription and Purchase Agreement (Phase2media Inc)

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Employees; Employee Benefit Plans. No employee or consultant of --------------------------------- the Company has any agreement or contract, written or oral, except as described on Schedule 4(q) 4.17, regarding such person's employment or consultancy with the ------------- Company. To the best of the Company's knowledge, no employee of the Company (or any Subsidiary) nor any consultant with whom the Company (or any Subsidiary) has contracted is in violation of any term of any employment contract, non-disclosure or confidentiality or non-compete agreement or any other similar contract or agreement relating to the relationship of such employee or consultant with the CompanyCompany (or any Subsidiary), any former employer or any other party. No employee of the Company (or any Subsidiary) has been granted the right to continued employment by the Company (or any Subsidiary) or to any material compensation following termination of employment with the Company (or any Subsidiary) except as set out on Schedule 4(q) 4.17 hereto. The Company is not ------------- aware that any officer or key employee, or that any group of key employees, intends to terminate their employment with the CompanyCompany (or any Subsidiary), nor does the Company (or any Subsidiary) have a present intention to terminate the employment of any officer, key employee or group of key employees. Set forth on Schedule 4(q) attached 4.17 annexed hereto ------------- is an accurate and complete list of all employee benefit plans ("Employee Benefit Plans") within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations thereunder ("ERISA"), whether or not any such Employee Benefit Plans are otherwise exempt from the provisions of ERISA, established, maintained or contributed to by the CompanyCompany (or any Subsidiary). All such Employee Benefit Plans are fully funded and are and at all times have been in compliance in all material respects with applicable law, including the provisions of ERISA.

Appears in 1 contract

Samples: Loan Facility and Investment Agreement (Gaming & Entertainment Group Inc)

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Employees; Employee Benefit Plans. No employee or consultant --------------------------------- of --------------------------------- the Company has any agreement or contract, written or oral, except as described on Schedule 4(q) 2.17, regarding such person's employment or consultancy ------------- with the ------------- Company. To the best of the Company's knowledge, no employee of the Company nor any consultant with whom the Company has contracted is in violation of any term of any employment contract, non-disclosure agreement or any other similar contract or agreement relating to the relationship of such employee or consultant with the Company, any former employer or any other party. No employee of the Company has been granted the right to continued employment by the Company or to any material compensation following termination of employment with the Company except as set out on Schedule 4(q) 2.17 hereto. The Company is not ------------- aware that any officer or key employee, ------------- or that any group of key employees, intends to terminate their employment with the Company, nor does the Company have a present intention to terminate the employment of any officer, key employee or group of key employees. Set forth on Schedule 4(q) 2.17 attached hereto ------------- is an accurate and complete list of all employee ------------- benefit plans ("Employee Benefit Plans") within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations thereunder ("ERISA"), whether or not any such Employee Benefit Plans are otherwise exempt from the provisions of ERISA, established, maintained or contributed to by the Company. All such Employee Benefit Plans are fully funded and are and at all times have been in compliance in all material respects with applicable law, including the provisions of ERISA.

Appears in 1 contract

Samples: Securities Purchase Agreement (Phase2media Inc)

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