Nautilus 2006 Annual Report Download - page 155

Download and view the complete annual report

Please find page 155 of the 2006 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 201

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201

18
Shareholder knows of any threatened, environmental civil (including actions by private parties), criminal, or administrative
proceeding against Seller or any Affiliate of Seller. Neither Seller nor any Shareholder knows of any facts or circumstances
which may give rise to any future civil (including actions by private parties), administrative or criminal proceedings against
Seller or any Affiliate of Seller relating to environmental matters. Seller has delivered to Nautilus the environmental report
of MWH Environmental Engineering (Shanghai) Co., Ltd. (“MWH”), dated December 8, 2006, relating to the Facilities. All
matters identified in that report have been remediated by Seller.
Article 3.19 Employees . Schedule 3.19 lists the name, current annual salary rates, bonuses, deferred compensation and other like
benefits (in cash or otherwise) paid or payable through the date hereof for fiscal 2007, date of employment and description
of position of each of the current employees, officers, directors and agents of Seller employed in the Business or operations
of the Business. Except as set forth on Schedule 3.19, no employee of Seller has suffered any industrial injury resulting from
employment with Seller or filed a claim for compensation related to any industrial injury or condition of employment
resulting from employment with Seller.
Article 3.20
Employee Contracts and Plans
.
3.20.1 Labor Contracts
. Schedule 3.20.1 contains a complete and accurate list of all labor contracts applicable to persons employed
by Seller in the Business. Seller has delivered to Buyer true and complete copies of each such contract. Seller has not
breached or otherwise failed to comply with any provision of any such contract and there are no grievances outstanding
against Seller under any such contract. There are no unfair labor practice complaints against Seller involving persons
employed in the Business. Seller knows of no strikes, slowdowns, work stoppages, lockouts, or threats thereof, by or with
respect to any employees of the Business. Except as set forth on Schedule 3.20.1, since June 30, 2006 there have not been
any formally filed grievances involving employees of the Business. The consent of the employees’ trade union is not
required to complete the transactions contemplated by this Agreement.
3.20.2 Employee Plans . Schedule 3.20.2 contains a complete and accurate list of all Employee Plans and Seller has no other
obligations, contingent or otherwise, relating to any Employee Plans. Seller has delivered to Buyer true and complete copies
of all Employee Plans, including trust agreements and insurance contracts embodying such plans, funds, programs or
arrangements.
Article 3.21
Compliance with the Foreign Corrupt Practices Act and Export Control and Anti
-
Boycott Laws
.
(a)
Except as identified in Schedule 3.21, neither Seller nor any of its