Common use of Certain Employee Matters Clause in Contracts

Certain Employee Matters. Section 3.19(n) of the Disclosure Schedule contains a correct and complete list of the current employees of the Company and each Subsidiary of the Company as of the Agreement Date and shows with respect to each such employee (i) the employee’s name (or employee identification number if the employee’s name must be redacted as required by applicable Laws), position held, department, base salary or hourly wage rate, as applicable, including each employee’s designation as either exempt or non-exempt any bonus, commission, or profit sharing entitlements, (ii) the date of hire, (iii) vacation or paid time off eligibility for the current calendar year (including accrued paid time off or sick leave from prior years), (iv) leave status (if applicable), (v) visa status, (vi) the name of any union, collective bargaining agreement or other similar labor agreement covering such Employee, (vii) employing entity and location of employment, (vii) relevant prior notice period required in the event of termination, (ix) any severance or termination payment (in cash or otherwise) to which any Employee could be entitled, and (x)any material promises or commitments made to them with respect to changes or additions to their compensation or benefits. No Employee has given notice to the Company or any Subsidiary of the Company to terminate his or her employment with the Company or applicable Subsidiary of the Company and to the Knowledge of the Company, no Employee listed on Section 3.19(n) of the Disclosure Schedule intends to terminate his or her employment for any reason, other than in accordance with the employment arrangements provided for in this Agreement. There are no performance improvements or disciplinary actions contemplated or pending against any of the Employees.

Appears in 1 contract

Sources: Agreement and Plan of Merger (Accolade, Inc.)

Certain Employee Matters. Section 3.19(n) of the Disclosure Schedule contains a correct and complete list of the current employees Employees of the Company and each Subsidiary of the Company as of the Agreement Date and shows with respect to each such employee Employee (i) the employeeEmployee’s name (or employee identification number if the employeeEmployee’s name must be redacted as required by applicable Laws), position held, department, base salary or hourly wage rate, as applicable, including each employeeEmployee’s designation as either exempt or non-exempt exempt, an accurate and succinct description of such Employee’s duties and responsibilities, and all other remuneration payable and other benefits provided or which the Company or any bonusSubsidiary of the Company is bound to provide (whether at present or in the future) to each such Employee, commissionand includes, if any, particulars of all profit sharing, incentive, commissions, and bonus arrangements to which the Company or profit sharing entitlementsany Subsidiary of the Company is a party, (ii) the date of hire, (iii) vacation or paid time off eligibility for the current calendar year (including accrued paid time off or sick leave from prior years), (iv) leave status (if applicable), (v) visa status, (vi) the name of any union, {N4442029.10} 255288355 v23 collective bargaining agreement or other similar labor agreement covering such Employee, (vii) employing entity and location of employment, (viiviii) relevant prior notice period required in the event of termination, (ix) any severance or termination payment (in cash or otherwise) to which any Employee could be entitled, and (x)any material x) any promises or commitments made to them with respect to changes or additions to their compensation or benefits. No Employee has given notice to the Company or any Subsidiary of the Company to terminate his or her employment with the Company or applicable Subsidiary of the Company and to the Knowledge of the Company, no Employee listed on Section 3.19(n) of the Disclosure Schedule intends to terminate his or her employment for any reason, other than in accordance with the employment arrangements provided for in this Agreement. There are no performance improvements or disciplinary actions contemplated or pending against any of the Employees.

Appears in 1 contract

Sources: Merger Agreement (Procore Technologies, Inc.)

Certain Employee Matters. Section 3.19(n3.20(r) of the Disclosure Schedule contains sets forth a true, correct and complete list of the current employees of the Company and each Subsidiary of the Company as of December 31, 2024 and the Agreement Date and shows provides with respect to each such employee each, as applicable: (i) the employee’s name (or employee identification number if the employee’s name must be redacted as required by applicable Laws), ; (ii) position held, held and department, ; (iii) base salary or hourly wage rate, as applicable, including each employee; (iv) Employee’s designation as either exempt or non-exempt any exempt, full-time, part-time or temporary status; (v) target annual bonus, commissionprofit sharing, incentive compensation, and/or commissions, including any such bonus or profit sharing entitlementsother incentive payments paid, granted or promised to such employee outside of any annual bonus or commission plan; (iivi) the date of hire, ; (iiivii) vacation or paid time off eligibility for the current calendar year (including accrued paid time off or sick leave from prior years), ) and the balance of accrued vacation or paid time off from any current or prior vacation or paid time off policy; (ivviii) leave status and the date such leave commenced and expected return date; (if applicable), (vix) visa status, status and visa expiration date; (vi) the name of any union, collective bargaining agreement or other similar labor agreement covering such Employee, (viix) employing entity and entity; (xi) location of employmentemployment (including city, state, province and country); (viixii) relevant prior notice period required in the event of termination, ; (ixxiii) any severance or termination payment or benefit (in cash or otherwise) to which any Employee they could be entitled, ; and (x)any material xiv) any promises or commitments made to them with respect to changes or additions to their compensation or benefits. No Key Employee has given notice to the Company or any Subsidiary of the Group Company to terminate his or her employment with the Company or applicable Subsidiary of the Company engagement by any Group Company, and to the Knowledge of the Company, no Employee listed on Section 3.19(n) has notified any Group Company of the Disclosure Schedule intends an intention to terminate his or her their employment for any reason, other than in accordance with the employment arrangements and general releases provided for in this Agreement. There are no performance improvements improvement plans or disciplinary actions contemplated or pending against any of current Employees that are reasonably likely to result in the Employeestermination of their employment or engagement by any of the Group Companies. No visa or work permit held by a current Employee with respect to their service with any Group Company will expire during the six-month period beginning on the Agreement Date.

Appears in 1 contract

Sources: Stock Purchase Agreement (LEGALZOOM.COM, Inc.)

Certain Employee Matters. Section 3.19(n2.20(m) of the Disclosure Schedule contains a correct and complete list of the current employees of the Company and each Subsidiary of the Company as of the Agreement Date and shows with respect to each such employee (i) the employee’s name (or employee identification number if the employee’s name must be redacted as required by applicable Laws), position held, department, base salary or hourly wage rate, as applicable, including each employee’s designation as either exempt or non-exempt any bonusexempt, commissionand all other remuneration payable and other benefits provided or which the Company is bound to provide (whether at present or in the future) to each such employee, or and includes, if any, eligibility for profit sharing entitlementssharing, incentive, commissions, and bonus arrangements to which the Company is a party, (ii) the date of hire, (iii) vacation or paid time off eligibility for the current calendar year (including accrued paid time off or sick leave from prior years), (iv) leave status (if applicable), (v) visa status, (vi) the name of any union, collective bargaining agreement or other similar labor agreement covering such Employee, (vii) employing entity and location of employment, (vii) relevant prior notice period required in the event of termination, (ixviii) any severance or termination payment (in cash or otherwise) to which any Employee employee could be entitled, and (x)any material ix) any promises or commitments made to them with respect to changes or additions to their compensation or benefits. No Employee has given notice to the Company or any Subsidiary of the Company to terminate his or her employment with the Company or applicable Subsidiary of the Company Company, and to the Knowledge of the Company, no Employee employee listed on Section 3.19(n2.20(m) of the Disclosure Schedule intends to terminate his or her employment for any reason, other than in accordance with the employment arrangements provided for in this Agreement. There are no performance improvements or disciplinary actions contemplated or pending against any of the Employees.

Appears in 1 contract

Sources: Merger Agreement (PagerDuty, Inc.)

Certain Employee Matters. Section 3.19(n3.14(o) of the Disclosure Schedule contains a correct complete and complete accurate list of the current employees of the Company and each Subsidiary of the Company as of the Agreement Date date hereof and shows with respect to each such employee (i) the employee’s name (or employee identification number if the employee’s name must be redacted as required by applicable Laws)name, position held, department, base salary all remuneration payable and other benefits provided or hourly wage rate, as applicable, including which the Company is bound to provide (whether at present or in the future) to each such employee’s designation as either exempt or non-exempt any bonus, commission, or any Person connected with any such person, and includes, if any, particulars of all profit sharing entitlementssharing, incentive and bonus arrangements to which the Company is a party, whether legally binding or not, (ii) the date of hire, (iii) vacation or paid time off eligibility for the current calendar year (including accrued paid time off or sick leave vacation from prior years), (iv) leave status (if applicableincluding type of leave, expected return date for non disability related leaves and expiration dates for disability leaves), (v) visa status, (vi) the name of any union, collective bargaining agreement or other similar labor agreement covering such Employeeemployee, (vii) employing entity and location of employmentany known performance issues, improvement or disciplinary actions contemplated or pending against such employee, (viiviii) accrued sick days for current calendar year, (ix) relevant prior notice period required in the event of terminationrequired, (ixx) any severance eligibility to company car or termination payment (in cash or otherwise) to which any Employee could be entitledtravel expenses, and (x)any material promises or commitments made to them with respect to changes or additions to their compensation or benefitsxi) average over-time payments per month during the preceding twelve-month period. No Employee has given notice to To the Company or any Subsidiary of the Company to terminate his or her employment with the Company or applicable Subsidiary of the Company and to the Knowledge knowledge of the Company, no Employee employee listed on in Section 3.19(n3.14(o) of the Disclosure Schedule intends to terminate his or her employment for any reason, other than in accordance with the employment arrangements provided for in this Agreement. There are no performance improvements or disciplinary actions contemplated or pending against any of FOIA confidential treatment requested: [***] indicates that certain information contained herein has been omitted and filed separately with the EmployeesSecurities and Exchange Commission. Confidential treatment has been requested with respect to such omitted portions.

Appears in 1 contract

Sources: Merger Agreement (Spreadtrum Communications Inc)