Common use of Employment and Employee Benefits Clause in Contracts

Employment and Employee Benefits. The Sellers have delivered to -------------------------------- the Buyer Schedule 7.7 listing the name, title, and current annual base salary or hourly rate of each person employed by the Company on June 15, 1996, together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 calendar year. The Sellers will furnish an updated copy of Schedule 7.7 at the Closing which will reflect any changes in such information occuring between June 15, 1996, and the Closing Date. The Sellers agree with the Buyer that any individuals who were full-time employees of the Company on the Closing Date and who agree to execute the standard PGI Code of Conduct agreement will be offered continued employment with the Company, effective immediately after the Closing. Any individuals who accept this offer of employment with the Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer deems appropriate, subject only to the covenants set forth in Section 8.1 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, severance, or pension purposes).

Employment and Employee Benefits. The Sellers Each of the -------------------------------- Companies and B and G Services have delivered to -------------------------------- the Buyer Schedule 7.7 6.9 listing the name, title, and current annual base salary or hourly rate of each person employed by the Company them on June 15December 31, 19961995, together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 calendar year. The Sellers Each of the Companies and B and G Services will furnish an updated copy of Schedule 7.7 6.9 at the Closing which will reflect any changes in such information occuring occurring between June 15December 31, 1996, 1995 and the Closing Date. The Sellers and Buyer agree with the Buyer that any individuals who were full-time employees of either of the Company Companies on the Closing Date and who agree to execute the standard PGI Standard Code of Conduct agreement agreement, attached hereto as Exhibit 6.9 will be offered continued employment with one of the CompanyCompanies, effective immediately after the ClosingClosing hereof. Any individuals who accept this offer of employment with the Company one of the Companies will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer Buyer, in its sole business judgment, deems appropriate, subject only to the covenants set forth in Section 8.1 7.3 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes), except for determining future vacation.

Employment and Employee Benefits. The Sellers have Company has delivered to -------------------------------- the Buyer Schedule 7.7 listing a list of the name, title, and current annual base salary or hourly rate of each person employed by or engaged to render consulting services to the Company or the Subsidiary on June 15September 30, 1996, 1999 together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 1999 calendar year. The Sellers Company will furnish an updated copy of Schedule 7.7 such list at the Closing which will reflect any changes in such information occuring occurring between June 15, 1996, the date hereof and the Closing Date. The Sellers agree Company agrees with the Buyer that any all individuals who were full-time employees of the Company on the Closing Date and who agree to execute the standard PGI Code of Conduct agreement will be offered continued employment with the Company, effective immediately after the Closing. Any individuals who accept this offer of employment with the Company will be referred to herein as "Transferring Employees." This Except as may be otherwise specifically provided in the Employment Contract, the employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer deems appropriate, subject only to the covenants set forth in Section 8.1 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, severance, or pension purposes).Buyer,

Employment and Employee Benefits. The Sellers have Seller has delivered -------------------------------- to -------------------------------- the Buyer Schedule 7.7 7.4 listing the name, title, and current annual base salary or hourly rate of each person employed by the Company on June 15December 31, 19961995, together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 calendar year. The Sellers Seller will furnish an updated copy of Schedule 7.7 7.4 at the Closing which will reflect any changes in such information occuring occurring between June 15December 31, 19961995, and the Closing Date. The Sellers agree Seller agrees with the Buyer that any individuals who were full-time employees of the Company on the Closing Date and who agree to execute the standard PGI Code of Conduct agreement will be offered continued employment with the Company, effective immediately after the Closing. Any individuals who accept this offer of employment with the Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer Buyer, in its sole business judgment, deems appropriate, subject only to the covenants set forth in Section 8.1 hereof, and the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, vacation, severance, or pension purposes).

Employment and Employee Benefits. The Sellers have delivered -------------------------------- to -------------------------------- the Buyer Schedule 7.7 7.8 listing the name, title, and current annual base salary or hourly rate of each person employed by the Company on January 31, 1996 and June 15, 1996, together with a statement of the full amount and nature of any other remuneration, whether in a cash or kind, paid to each such person during the 1995 calendar year. The Sellers will furnish an updated copy of Schedule 7.7 7.8 at the Closing which will reflect any changes in such information occuring occurring between June 15January 31, 1996, and the Closing Date. The Sellers agree with the Buyer that any individuals who were full-time employees of the Company on the Closing Date and who agree to execute the standard PGI Code of Conduct agreement will be offered continued employment with the Company, effective immediately after the Closing. Any individuals who accept this offer of employment with the Company will be referred to herein as "Transferring Employees." This employment of Transferring Employees will be "at will" and nothing herein expressed or implied confers upon any such Transferring Employee any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement, including, without limitation, any rights to employment for a specific period. After the Closing, the Buyer will make available to Transferring Employees such wages and benefits as the Buyer deems appropriate, subject only to the covenants set forth in Section 8.1 8.3 hereof, and and, other than service credit for the purpose of determining an employee's vacation benefit, the Buyer will be under no obligation to credit Transferring Employees with past service credit for any purpose (including, without limitation, severance, or pension purposes).