Arrangements with Employees. Subject to the provisions of Sections 4.3 and 9.1.4, substantially all of the Employees shall have accepted employment with Purchaser effective on the Closing Date.
Arrangements with Employees. Substantially all of Seller's Employees shall have accepted employment with Purchaser effective as of the Closing Date and Purchaser shall have entered into arrangements with key Employees of Seller satisfactory to Purchaser in its sole discretion.
Arrangements with Employees. From the date hereof until the Effective Time, the Sellers and Allstate shall permit the Company to approach and negotiate with any or all employees of the Allstate, including, but not limited to, managerial staff, in an effort to persuade them to continue in the employ of Allstate pending the Closing and thereafter and the Sellers and Allstate shall use reasonable efforts to assist the Company in such negotiations.
Arrangements with Employees. 5.4.1 In connection with the transaction contemplated by this Agreement, Purchaser currently expects to make offers of employment to those of Seller's employees employed in the Fab Business listed on Schedule 5.4.1, and such employees may accept such offers (employees receiving and accepting such offers being referred to herein as "SMI/Fab Employees"). Purchaser currently expects that any such offers of employment will provide for compensation packages that are substantially similar (though not necessarily on a benefit-by-benefit basis) as were paid or provided to such employees by Seller as of October 4, 2000. Notwithstanding the foregoing, nothing herein shall require Purchaser to offer employment to any particular employee or employees of Seller, whether listed on such Schedule 5.4.1 or otherwise, and any offers of employment that are made by Purchaser shall be on such terms as are determined by Purchaser in its sole discretion.
5.4.2 Seller shall issue termination notices to the Fab Unit Employees and shall provide all usual, customary and legally required documents to terminate such employees' employment. Seller shall pay the Fab Unit Employees' salary or wages (including accrued vacation pay and any other amounts to which such employees are entitled by reason of the employment by, or termination of employment by, Seller) accrued through the Closing Date. Any severance benefits due such employees upon their termination by Seller shall be the responsibilities of Seller and not of Purchaser.
5.4.3 To the extent required by applicable Law, Seller shall provide all its employees who cease to be employees, including the SMI/Fab Employees, with any information regarding individual conversion privileges under any group insurance, long-term disability, long-term care, and other group and/or individual policies maintained on behalf of employees. To the extent required by applicable Law, Seller shall provide all of its employees who cease to be employees, including the SMI/Fab Employees, with the ability to elect continuation health coverage under their respective health programs in accordance with the Consolidated Omnibus Budget Reconciliation of 1985, as amended ("COBRA"), and shall comply with all other applicable Laws relating to the termination of employees.
5.4.4 Promptly following the Closing, Purchaser intends to require the SMI/Fab Employees to sign agreements with respect to the confidentiality and nondisclosure of confidential information and the ass...
Arrangements with Employees. The employment of each employee of Seller or any subsidiary of Seller is terminable at will without cost to Seller or any subsidiary of Seller. All officers and independent contractors of Seller and its subsidiaries are paid salaries or other compensation in accordance with the amounts set forth in Schedule 4.1(m) hereto, and Schedule 4.1(m) correctly and accurately sets forth all salaries, expenses, and personal benefits paid to or accrued for all directors, officers, managers, and principal shareholders or members of Seller and its subsidiaries as of the date of this Agreement, all of which are reflected as appropriate in Seller’s Base Balance Sheet.
Arrangements with Employees. From the date hereof until the Closing, Toro shall permit Westminster to approach and negotiate with any or all employees of the Company, including, but not limited to managerial staff, to continue in the employ of the Company pending the Closing and thereafter, and Toro shall use his best efforts to assist Westminster in such negotiations. However, Westminster shall use discretion so as not to disrupt the employees from performing their duties to the Company.
Arrangements with Employees. The employment of each employee of Company or any subsidiary of Company is terminable at will without cost to Company or any subsidiary of Company. All officers and independent contractors of Company and its subsidiaries are paid salaries or other compensation in accordance with the amounts set forth in Schedule 3.1(n) hereto, and Schedule 3.1(n)(iii) correctly and accurately sets forth all salaries, expenses, and personal benefits paid to or accrued for all directors, officers, managers, and principal stockholders of Company and its subsidiaries as of the date of this Agreement, all of which are reflected in the most recent balance sheet prepared by Company and delivered to Buyer.
Arrangements with Employees. Substantially all of HHC's Employees shall have accepted employment with Purchaser effective (i) as of the First Closing Date, with respect to the Nevada/Butlxx Xxxilities and (ii) as of the Second Closing Date, with respect to the Lamax Xxxility, and Purchaser shall have entered into arrangements with applicable key Employees of HHC satisfactory to Purchaser in its sole discretion.
Arrangements with Employees. From the date hereof until the Closing Date, the Sellers shall use their respective Best Efforts to retain employees of the Business and permit Purchaser to approach and negotiate with any or all employees of the Sellers, including, without limitation, managerial personnel, in an effort to persuade them to continue in the employ of the Sellers pending the Closing and thereafter to become employees of Purchaser.
Arrangements with Employees. 5.4.1 In connection with the transaction contemplated by this Agreement, and notwithstanding Section 5.8, IOTA will make offers of employment to the SMSC employees employed in the FBU Business listed on Schedule 5.4.1, which offers shall be set forth in letters substantially in the form included in such Schedule, and such employees may accept such offers (employees receiving and accepting such offers being referred to herein as "FBU Employees").
5.4.2 SMSC shall issue termination notices to the FBU Employees and shall provide all usual, customary and legally required documents to terminate such employees' employment. Any severance benefits due such employees upon their termination by SMSC shall be the responsibilities of SMSC and not of IOTA.
5.4.3 To the extent required by applicable Law, SMSC shall provide all its employees who cease to be employees, including the FBU Employees, with any information regarding individual conversion privileges under any group insurance, long-term disability, long-term care, and other group and/or individual policies maintained on behalf of employees. To the extent required by applicable Law, SMSC shall provide all of its employees who cease to be employees, including the FBU Employees, with the ability to elect continuation health coverage under their respective health programs in accordance with the Consolidated Omnibus Budget Reconciliation of 1985, as amended ("COBRA"), and shall apply with all other applicable Laws relating to the termination of employees.
5.4.4 SMSC shall pay its employees who become IOTA employees salary or wages accrued through the Closing Date.
