Labor Aspects. (i) All of Business Employees are duly registered as such in the proper books, in accordance with Applicable Laws.
Labor Aspects. (i) STP and the Subsidiaries are in compliance with all labor laws, labor agreements, collective bargaining agreements and any other labor nature agreements or instruments (except for any immaterial breach and which may not result into any Loss for any Buyer’s Indemnitee); (ii) SGMP does not have any employees; (iii) STP and the Subsidiaries made all payment to which they are required to make to employees; (iv) STP and the Subsidiaries did not breach their obligations of labor nature, including those regarding hygiene and labor security; (iv) Schedule 9.1.14 (A) contains a list of all collective bargaining agreements, collective labor claims, union contracts or agreements or collective contracts or agreements in force on the date of this Agreement applicable to STP and the Subsidiaries; (v) STP and the Subsidiaries are not currently involved in negotiations with trade unions regarding their employees; (vi) except for the provisions of Schedule 9.1.14(B), there is no benefit plan offered by STP or the Subsidiaries to their employees (including retention plans, retirement plan, health plan, life insurance, bonus (except for the Executive Bonus), remuneration, incentives or other indirect benefit plans, whether formal or informal; (vii) there is no agreement on the payment of benefits in the event of dismissal of employees, including direct and indirect, and plans or agreements for distribution of profits executed with trade unions, except for those provided in the Applicable Law, and there is no obligation with employee pension funds; (viii) except for employees with stability as provided in the Applicable Law, the relationship between employer-employee of any Person with STP and the Subsidiaries may be terminated without cause due to any of the causes provided in the Applicable Law, without any type of fine or obligation, except for the payment of dismissal fees set forth in the Applicable Law and for the payment of the Executive Bonus; and (ix) STP and the Subsidiaries have not granted nor have they committed themselves to grant any general or specific salary raise nor any type of raise in the compensation to be paid to officers or employees.
Labor Aspects. Except as provided for in Schedule 5.2.7(a), the Company has at all times complied with all material applicable Laws and contractual obligations relating to labor and employment (including wages, hours, benefits, labor conditions and occupational safety and health requirements), and no Losses have been assessed or could be assessed against the Company for its failure to comply with any of the foregoing. Except as already identified in Schedule 5.2.6, there are no pending or threatened Claims in connection with any labor matters (whether of individual or collective nature). Except as provided for in Schedule 5.2.7(b), there are no Plans, benefits, incentives or other special conditions (including health insurance, life insurance, private pension plan and financing) for the Employees of the Company, and such Plans, benefits, incentives or other special conditions have not suffered any change since the date of the Management Financial Statements. Schedule 5.2.7(c) identifies all labor organizations and/or work councils that represent Employees with respect to their employment with the Company. There are no, and for there have never been, strikes, individual or collective bargaining (including arbitration proceedings), stoppages, pickets or work slowdowns in course or threatened, against Company. The Company is in compliance with all of their contractual and legal material obligations with respect to their service providers, Employees and independent contractors. The Company is not engaged in any unfair or illegal labor practice and no unfair or illegal labor practice complaint, grievance or arbitration proceeding is pending or is threatened against the Company. All amounts due or accrued due for all salary, wages, bonuses, commissions, vacation with pay, sick days, termination and severance pay, benefits and other similar accruals (including payroll taxes), as applicable, have either been paid or are accurately reflected in the books and records of the Company. No Plan exists that, as a result of the execution of this Agreement or consummation of the transactions contemplated hereby (whether alone or in connection with any subsequent event(s)) could result in (i) severance pay or any increase in severance pay upon any termination of employment after the date of this Agreement, (ii) accelerating the time of payment or vesting or result in any payment or funding of compensation or benefits under, increase the amount payable or result in any other obligation pur...
Labor Aspects. The Company has at all times complied with all applicable Laws and contractual obligations relating to labor and employment (including wages, hours, benefits, labor conditions and occupational safety and health requirements), and no Losses have been assessed or could be assessed against the Company for its failure to comply with any of the foregoing. Except as already identified in Schedule 5.2.7(a), there are no pending or threatened Claims in connection with any labor matters (whether of individual or collective nature). Except as provided for in Schedule 5.2.7(b), there are no Plans, benefits, incentives or other special conditions (including health insurance, life insurance, private pension plan and financing) for the Employees of the Company, and such Plans, benefits, incentives or other special conditions have not suffered any change since the date of the Financial Statements (as defined below). Schedule 5.2.7(c) identifies all labor organizations and/or work councils that represent Employees with respect to their employment with the Company. There are no, and for there have never been, strikes, individual or collective bargaining (including arbitration proceedings), stoppages, pickets or work slowdowns in course or threatened, against Company. The Company is in compliance with all of their contractual and legal obligations with respect to their service providers, Employees and independent contractors. The Company is not engaged in any unfair or illegal labor practice and no unfair or illegal labor practice complaint, grievance or arbitration proceeding is pending or is threatened against the Company. All amounts due or accrued due for all salary, wages, bonuses, commissions, vacation with pay, sick days, termination and severance pay, benefits and other similar accruals (including payroll taxes), as applicable, have either been paid or are accurately reflected in the books and records of the Company. No Plan exists that, as a result of the execution of this Agreement or consummation of the transactions contemplated hereby (whether alone or in connection with any subsequent event(s)) could result in (i) severance pay or any increase in severance pay upon any termination of employment after the date of this Agreement, (ii) accelerating the time of payment or vesting or result in any payment or funding of compensation or benefits under, increase the amount payable or result in any other obligation pursuant to, any of the Plans, or (iii) limiting or res...
Labor Aspects. Each Party shall have no any employment relationship with the other Party. Each Party is and will be solely liable for all obligations related to its employees, including those arising out of labor, tax, social security laws or of any other nature.
