Assumed Employees. SCHEDULE 4................................................ Contracts................................................. SCHEDULE 5................................................
Assumed Employees. 44 Section 6.03. Foreign Assumed Employees..............................47 Section 6.04. Mandatory Assumed Employees............................50 Section 6.05. Additional Benefits Agreements.........................52 Section 6.06. Seller's Additional Indemnity Obligations..............54 Section 6.07. Purchaser's Additional Indemnity Obligations...........54 ARTICLE VII
Assumed Employees. (a) (i) During the period commencing at Closing and ending on July 1, 2002, Purchaser shall provide each Assumed Employee with the same base salary as the base salary provided by Seller or any Selling Subsidiary to such Assumed Employee immediately prior to Closing. During the period commencing at Closing and ending on December 31, 2001, Purchaser shall provide each Assumed Employee with the same sales compensation levels as the sales compensation levels provided by Seller or any Selling Subsidiary to such Assumed Employee immediately prior to Closing.
Assumed Employees. On or before June 1, 2007 Seller shall provide to Buyer a list of those employees of Seller (or its affiliates) who are working on the Vessel that Seller intends to terminate on or prior to the Closing Date. On or before the Closing Date, Buyer shall offer employment (contingent on the Closing of the transactions contemplated hereby) to the Designated Employees upon such terms and conditions as may be acceptable to Buyer, and as to those Designated Employees who accept Buyer’s offer of employment, Buyer shall assume, and indemnify and hold Seller and its affiliates, Bean Meridian, L.L.C. and Bean Stuyvesant, L.L.C., harmless against, any liability or obligation to each and all of the Designated Employees or third parties with respect to any claims and liabilities accruing after their respective date of hire, with respect to the Designated Employees, including, but not limited to, severance claims, workers’ compensation claims, medical and disability claims, vacation pay, and claims before courts, arbitrators or federal or state agencies.
Assumed Employees. (a) Except as set forth on Schedule 3.9, all of the Assumed Employees are employed at will and none are covered by employment contracts, whether oral or written, other than customary understandings concerning employment, terminable at will without cost or other liability. No Assumed Employee is covered by any collective bargaining agreement and Seller is not a party to, or bound by, any collective bargaining or other labor agreement (written or oral), with respect to the Business or otherwise.
Assumed Employees. 5.09.03 Sellers’ Shared Employees and Exempt Employees 5.12 Interests in Competitors 5.13 Financials of Sellers 5.14 Changes or Events
Assumed Employees. Schedule 4.17(b) is a list of employees of Sellers which Buyer shall employ effective as of the Closing Date, in accordance with Section 10.2 hereof (each employee listed on Schedule 4.17(b) shall be referred to individually as an “Assumed Employee” and collectively as “Assumed Employees”).
Assumed Employees. On or before April 10, 2007 Seller shall provide to Buyer a list of those employees of Seller (or its affiliates) who are working on the Vessel or Attendant Plant that Seller intends to terminate on or prior to the Closing Date. On or before the Closing Date, Buyer shall offer employment (contingent on the Closing of the transactions contemplated hereby) to the Designated Employees upon such terms and conditions as may be acceptable to Buyer, and as to those Designated Employees who accept Buyer’s offer of employment, Buyer shall assume, and indemnify and hold Seller and its affiliates, Bean Dredging, L.L.C. and Bean Stuyvesant, L.L.C., harmless against, any liability or obligation to each and all of the Designated Employees or third parties with respect to any claims and liabilities accruing after their respective date of hire, with respect to the Designated Employees, including, but not limited to, severance claims, workers’ compensation claims, medical and disability claims, vacation pay, and claims before courts, arbitrators or federal or state agencies.
Assumed Employees. “Assumed Employees” shall mean Company Employees who are employees of the Surviving Corporation at the Effective Time.
Assumed Employees. At least five (5) days prior to the Closing Date, Weeks shall furnish GLDD with a list of employees working on the Weeks Vessel which Weeks intends to terminate at Closing. On the Closing Date, GLDD shall offer employment to be effective at Closing (and contingent upon the Closing) to the Designated Employees (as well as the Designated Employees related to the Meridian Attendant Plant pursuant to the Meridian Agreement) upon such terms and conditions as may be acceptable to GLDD, and shall assume, and indemnify and hold Weeks harmless against, any liability or obligation to each and all of such Designated Employees with respect to severance claims arising from GLDD’s termination of any Designated Employee after the Closing, and claims and liabilities accruing after the Closing with respect to the Designated Employees.
