Company: TGE
Filing Date: 2025-01-27
Form Type: 425
Source: 0001213900-25-006756
Chunk: 63

Company: Generation Essentials Group
Filing Date: 2025-01-27
Form: 425
Chunk 63
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ebtedness to any current or former Service Provider, (iii) increase
any compensation or benefits otherwise payable by the Company or any of its Subsidiaries or under any Company Benefit Plan, (iv) result
in the acceleration of the time of payment or vesting of any compensation or benefits. No amount that could be received (whether in cash
or property or the vesting of property) by any “disqualified individual” (as defined in Section 280G of the Code) under
any Company Benefit Plan or otherwise could, separately or in the aggregate, be nondeductible under Section 280G of the Code or subjected
to an excise tax under Section 4999 of the Code, in either case, as a result of the consummation of the Transactions. Neither the
Company nor any of its Subsidiaries have an obligation to make a “gross-up” or similar payment in respect of any taxes that
may become payable under Section 4999, 409A or 457A of the Code.

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Section 5.16. Labor Matters.

(a) Neither
the Company nor any of its Subsidiaries is a party to, subject to, or in the process of entering into, any Labor Contract (whether written
or unwritten) applicable to current or former Service Providers, nor are there any Service Providers represented by a works council or
a labor organization or, to the knowledge of the Company, activities or proceedings of any labor union to organize any Service Providers.
The consent of or consultation with, or the rendering of formal advice by, any labor or trade union, works council or other employee representative
body is not required for the Company to enter into this Agreement or to consummate any of the transactions contemplated hereby.

(b) Since
January 1, 2022, except as would not reasonably be expected to, individually or in the aggregate, have a Company Material Adverse
Effect, (i) the Company and each of its Subsidiaries has been in compliance with Applicable Law regarding labor and employment, including
provisions thereof relating to wages, hours, collective bargaining, labor management relations, overtime, employee classification, discrimination,
sexual harassment, civil rights, equal opportunity, affirmative action, work authorization, immigration, safety and health, plant closings
and mass layoffs, workers compensation, continuation coverage under group health plans, wage payment and the payment and withholding of
Taxes (collectively, the