Plans, Benefits and Policies. (a) Buyer will, as of the Closing Date, adopt and provide a group health plan for Transferee Employees.
Plans, Benefits and Policies. (a) Except as otherwise provided herein, Buyer and its Subsidiaries will, as of 12:00 a.m. Eastern Daylight Savings Time on the day immediately after the Closing Date, adopt and provide for Transferee Employees whose employment is based in the United States employment and benefit packages (including, to the extent applicable, profit sharing and retirement plans, medical, severance, and post-retirement benefits) equivalent to Buyer's employment and benefit packages maintained for similarly situated employees of Buyer.
Plans, Benefits and Policies. Seller acknowledges that Buyer has no obligation to hire any individual Shareholder’s Employee that desires to be hired by Buyer and Seller shall retain all liabilities related to its Plans. The terms and provisions of this Section 6.5 are intended solely for the benefit of each party to this Agreement and their respective successors or permitted assigns, and it is not the intention of the parties to confer third party beneficiary rights, and this Section 6.5 does not confer any such rights, upon any Buyer-Hired Employees.
Plans, Benefits and Policies. (a) Except as otherwise provided herein, Buyer and its Subsidiaries will, as of the Closing Date, adopt and provide for Transferee Employees whose employment is based in the United States employment and benefit plans and programs (including, to the extent applicable, profit sharing and retirement plans, medical and severance benefits) on terms and conditions consistent with Buyer's employment and benefit plans and programs maintained for similarly situated employees of Buyer.
Plans, Benefits and Policies. Buyer and/or the Employer shall adopt and provide for the Current Employees and other individuals it may hire such employee benefit plans, if any, as it determines in its sole discretion, and shall not be obligated to adopt or assume, in whole or in part, any of QuickHire's employee benefit plans or any obligations under any existing employment agreements or arrangements between QuickHire and any Current Employee. Notwithstanding the foregoing sentence, the Current Employees shall receive credit for the period such Current Employees were employed by QuickHire for purposes of the Buyer or the Employer employment policies and programs set forth on Schedule 8.2.
Plans, Benefits and Policies. The Company shall adopt and provide for the Continuing Employees on or after the Closing Date such employee plans and other conditions of employment as the Company determines in its sole discretion, but shall not adopt or assume any of the obligations or liabilities with respect to any Employee Benefit Plans of the Company or any Plan Affiliate, except to the extent that such Employee Benefit Plan is listed on Schedule 4.19 and the Company otherwise agrees to assume the liabilities associated therewith.
Plans, Benefits and Policies. Buyer shall adopt and provide for New Buyer Employees such pension or retirement plans, insurance plans, vacation and severance policies and other benefits as are appropriate, in Buyer's sole judgment, and shall neither adopt nor assume any of the plans, policies or agreements of Seller. Buyer's severance policies in respect of New Buyer Employees shall include, at a minimum, those items identified on Exhibit E hereto. Except to the extent the same are included among the Assumed Liabilities by reason of the assignment to Buyer of the Assumed Contracts, Buyer will not be responsible for any of the following benefits: (a) disability benefits, both long-term and short-term, for disabilities that commenced before the Closing Date; (b) benefits for covered confinements under medical plans of Seller that commenced before the Closing Date; (c) health care benefits for services rendered or materials received before the Closing Date; (d) life insurance and survivor income benefits for deaths that occur prior to the Closing Date; (e) worker's compensation benefits for disabilities resulting from an accident while employed by Seller or a predecessor thereof or exposure to occupational disease that occurred prior to the Closing Date to the extent such exposure occurred prior to the Closing Date, and (f) post-retirement life or health insurance benefits for all New Buyer Employees who would have been eligible under the plans and policies of Seller to retire before Closing with post-retirement life or health insurance benefits if they had retired on or before the Closing Date. The employment by Buyer of any employee of Seller who is on short-term or long-term disability on the Closing Date shall not begin, unless otherwise specifically requested by Buyer, until the end of the period of such disability.
Plans, Benefits and Policies. Seller acknowledges that Buyer has no obligation to hire any of Seller's employees and Seller shall retain all liabilities related to its Plans.
Plans, Benefits and Policies. Seller acknowledges that it shall retain all liabilities related to its Plans.
Plans, Benefits and Policies
