Common use of Executive Employees Clause in Contracts

Executive Employees. (a) Annexed hereto as Schedule 4.25 is a correct and complete list of the names, titles and current annual salary rates of and bonuses paid or payable to all present non-union officers and employees of GBGC and IMG whose 1998 annual salary (including bonuses paid or payable in 1997 or thereafter) is expected to exceed $50,000 USD ("Executive Employees"). (b) GBGC and IMG do not have any employment agreement with, and do not maintain any Plan with respect to, any Executive Employees, except as disclosed on Schedule 4.25.