CompUSA 2015 Annual Report Download - page 89

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6.10 Employees and Consultants .ExceptassetforthonSection6.10oftheSellerDisclosureSchedule:
(a)No Transferred Employee (as defined in Section 9.1) has been granted the right to continued employment by such Seller or to any
material compensation following termination of employment withsuch Seller except for Canadian employees, noneof whom have contractual entitlements on
terminationotherthantherighttoreasonablenoticeatcommonlaw.Asofthedatehereof,totheKnowledgeofanySeller,andotherthanascontemplatedbythis
Agreement, no Transferred Employee intends to terminate his or her employment or other engagement with such Seller, nor does such Seller have a present
intention to terminate the employment or engagement of any such Person.  Section 6.10 of the Seller Disclosure Schedule setsforth an accurate, correct and
completelistasofthedatehereofofall(i)TransferredEmployees,includingeachTransferredEmployee’sname,titleorposition,presentannualcompensation
(includingbonuses,commissionsanddeferredcompensation,aswellasseverancepayments,terminationpayandotherspecialcompensationofanykindpaidto,
accruedwithrespectto,orthatwouldbepayableto(inwholeorinpart,whetherwithorwithoutthepassageoftime)suchTransferredEmployee),accruedand
unused paid vacation and other paidtime off, including accrued overtime entitlements (as of September 30,2015), status as full-time or part-time, location of
employment,yearsofservice,interestsinanyincentivecompensationplan,andestimatedentitlementstoreceivesupplementaryretirementbenefitsorallowances
(whetherpursuanttoaContractorotherwise)and(ii)individualswhoarecurrentlyperformingservicesforSellersrelatedtotheBusinesswhoareclassifiedas
“consultants”or“independentcontractors”andwhoaresetforthonSchedule9.1(a).Section6.10oftheSellerDisclosureSchedulesetsforthall(i)increasesin
anysuchTransferredEmployee’swageorsalarysinceJanuary1,2015and(ii)increasesorchangesinanyotherbenefitsorinsurancecollectivelyprovidedtoany
suchTransferredEmployeessinceJanuary1,2015.NoTransferredEmployeeiseligibleforpaymentsthatwouldconstitute“parachutepayments”underSection
280GoftheCode.
(b)Therearenomaterialclaims,disputesorcontroversiespendingor,totheKnowledgeofSellers,threatenedinvolvinganyTransferred
Employee or group of Transferred Employees, other thanroutine human resources disputes, controversies or claims (including worker’s compensation claims)
involvingTransferredEmployeeswherethepotentialexposuretoaSellerislessthan$10,000.NoSellerhassufferedorsustainedanyworkstoppageandnosuch
workstoppageisthreatened.
(c)NoTransferredEmployee(otherthanwithrespecttoemployeesemployedinCanada,pursuanttorequirementsofCanadianstatutoryor
commonlaw)hasanyenforceableagreementastolengthofnoticeorseverancepaymentrequiredtoterminatehisorheremployment.
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