Common use of No Collective Bargaining Clause in Contracts

No Collective Bargaining. Except for the Company’s Swedish subsidiary, neither the Company nor any of its subsidiaries is a party to or bound by any collective bargaining agreements or other agreements with labor organizations. Neither the Company nor any of its subsidiaries has violated in any material respect any laws, regulations, orders or contract terms, affecting the collective bargaining rights of employees, labor organizations or any laws, regulations or orders affecting employment discrimination, equal opportunity employment, or employees’ health, safety, welfare, wages and hours. Except for matters which would not, individually or in the aggregate, have a Material Adverse Effect, there is (i) no unfair labor practice complaint pending or, to the Company’s knowledge, threatened against the Company before the Swedish labor commission or board, and no grievance or arbitration proceeding arising out of or under collective bargaining agreements is pending or threatened, (ii) no strike, labor dispute, slowdown or stoppage pending or, to the Company’s knowledge, threatened against the Company and (iii) no union representation dispute currently existing concerning the employees of the Company.