BUYER'S OBLIGATIONS TO EMPLOYEES Sample Clauses

BUYER'S OBLIGATIONS TO EMPLOYEES. (a) Buyer shall be obligated to continue the employment of the Employees or offer employment to Employees on the following basis:
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
BUYER'S OBLIGATIONS TO EMPLOYEES. ARTICLE 9.3.1 Buyer shall be obligated to continue the employment of the Employees or offer employment to Employees on the following basis: (a) Buyer's acquisition of the Shares shall not result in the termination of employment of the Storz Employees, Storz GmbH Employees or Chirurgie Employees. Buyer acknowledges that following the purchase and sale hereunder, the Surgical Instrument Workers Union will continue to be the collective bargaining representative of all union represented Storz Employees located at the St. Louis/Kirkwood facilities in the U.S., agrees to recognize the collective bargaining, work council or labor agreements applicable to the Storz GmbH Employees as in effect on the Closing Date, and agrees to assume the terms and conditions of any such collective bargaining, work council or labor agreements to which the Companies are subject on the Closing Date and are disclosed in the Disclosure Schedule. Notwithstanding the foregoing, nothing in this Agreement shall be deemed to restrict the ability of the Companies to terminate the employment of any of the Employees after the Closing Date. (b) With respect to Cyanamid Storz Employees and the International Employees except as set forth in subsection (c) below, Buyer shall offer or cause an Affiliate of Buyer to offer to hire or transfer each Cyanamid Storz Employee and International Employee as of the Closing Date, at the same or greater rate of cash compensation than that enjoyed by such Employee immediately prior to the Closing Date; and (c) Buyer agrees to offer employment to all union, work council or labor represented International Employees and agrees to recognize the collective bargaining or labor representative of said employees and agrees to assume the terms and conditions of any collective bargaining agreement as in effect on the Closing Date. ARTICLE 9.3.2 Buyer shall make the following payments or provide the following notification to Employees whom it terminates after the Closing Date: (a) After the Closing Date, the Companies or Buyer, as the case may be, will have sole responsibility for any obligations or liabilities to Storz Employees and Cyanamid Storz Employees at all locations under the Worker Adjustment and Retraining Notification Act or similar Applicable Laws of any jurisdiction relating to any plant closing or mass layoff or as otherwise required by any such Applicable Law. Sellers in their capacities as agents for the Buyer agree to provide or cause the Companies to pro...
Sample 1
BUYER'S OBLIGATIONS TO EMPLOYEES. (a) Effective on the Closing Date, Buyer shall be obligated to continue the employment of all Facility Employees (except Seller Employees) at [*] salary [*] such Facility Employee immediately prior to the Closing Date (hereinafter referred to as "Transferred Employees") (assuming Seller's compliance with Section 7.2(c)(ii)), subject to Buyer's ability to discontinue employment of Transferred Employees pursuant to Sections 8.1(h) and (l) below. [*]. All Transferred Employees shall be entitled to participate in the benefit plans, programs and arrangements of Buyer on the day after the Closing Date as set forth below.
Sample 1

Related to BUYER'S OBLIGATIONS TO EMPLOYEES

  • Conditions to Seller’s Obligations The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Buyer’s Obligations The obligation of Buyer to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions on or before the Closing Date:

  • Conditions to Seller’s Obligation Seller's obligation to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • CONDITIONS TO PURCHASER'S OBLIGATIONS The obligation of Purchaser to consummate the transactions contemplated by this Agreement is subject to the satisfaction (unless waived in writing by Purchaser) of each of the following conditions on or prior to the Closing Date:

  • Conditions to the Buyer’s Obligations The obligations of the Buyer to consummate the transactions contemplated hereunder on the Closing Date are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Conditions to Buyer’s Obligation The obligation of Buyer to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to Purchasers’ Obligations at the Closing Purchasers’ obligation to purchase the Shares at the Closing are subject to the satisfaction, at or prior to the Closing Date, of the following conditions:

  • CONDITIONS TO PURCHASER’S OBLIGATIONS AT CLOSING The obligations of the Purchaser to consummate the transactions under Section 2 are subject to the fulfillment, to the satisfaction of the Purchaser on or prior to the Closing, or waiver by the Purchaser, of the following conditions:

  • Conditions to the Seller’s Obligations The obligations of the Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing (and shall remain satisfied at and as of the Closing) of the following additional conditions, any of which may be waived by the Seller in its sole discretion, in whole or in part:

  • Buyer’s Obligations At Closing, Buyer shall deliver or cause to be delivered to Seller the following:

Time is Money Join Law Insider Premium to draft better contracts faster.