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This excerpt taken from the SBN 8-K filed Aug 18, 2006. 4.17 Employees. Since the Most Recent Balance Sheet Date, no
key employees and no group of employees has terminated, or to the Knowledge of
the Company, plans to terminate, employment with the Company Group. The Company Group is not a party to or bound by
any collective bargaining agreement, nor has it experienced any strike,
material grievance, material claim of unfair labor practice or other collective
bargaining dispute. To the Knowledge of
the Company, there is no organizational effort being made or threatened by or
on behalf of any labor union with respect to the Company Group’s
employees. To the Knowledge of the
Company, the Company Group has not committed any unfair labor practice or
materially violated any federal, state or local law or regulation regulating
employers or the terms and conditions of its employees’ employment, including
laws regulating employee wages and hours, employment discrimination, employee
civil rights, equal employment opportunity and employment of foreign
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This excerpt taken from the SBN 8-K filed Aug 23, 2005. Employees. Since the
Most Recent Balance Sheet Date, no key employees and no group of employees has
terminated, or to the Knowledge of the Company, plans to terminate,
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employment with the Company Group. The Company Group is not a party to or bound by any collective bargaining agreement, nor has it experienced any strike, material grievance, material claim of unfair labor practice or other collective bargaining dispute. To the Knowledge of the Company, there is no organizational effort being made or threatened by or on behalf of any labor union with respect to the Company Group’s employees. To the Knowledge of the Company, the Company Group has not committed any unfair labor practice or materially violated any federal, state or local law or regulation regulating employers or the terms and conditions of its employees’ employment, including laws regulating employee wages and hours, employment discrimination, employee civil rights, equal employment opportunity and employment of foreign nationals, except for such violations as would not in the aggregate be expected to have a Material Adverse Effect.
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