Certain Company Employees Sample Clauses
The 'Certain Company Employees' clause defines which employees of a company are subject to specific terms or obligations within an agreement. Typically, this clause identifies particular roles, departments, or individuals—such as executives, key personnel, or those with access to confidential information—who must comply with additional requirements like non-disclosure, non-compete, or reporting duties. By clearly specifying the employees covered, the clause ensures that both parties understand who is bound by these special provisions, thereby reducing ambiguity and helping to manage risk related to sensitive company matters.
Certain Company Employees. The Company shall provide notice of the non-renewal of the employment agreements listed on the Disclosure Memorandum with specific reference to this Section in accordance with the terms of such agreements, in each case prior to the date after which such agreement will be extended or renewed in accordance with its terms.
Certain Company Employees. (a) Non-solicitation of Employees. From and after the date of this Agreement and until the date three years after the Effective Time, the B-D Sub shall not employ or seek to employ or solicit employment of those individuals listed by name or job description in Section 7.15(a) of the Company Disclosure Schedule.
Certain Company Employees. Parent and/or Company shall continue to provide coverage under a Benefit Plan to any Company employee who is not actively at work on the Closing Date because such employee is on an approved leave of absence in accordance with the terms of such Benefit Plan and any applicable policy or procedure until such employee either becomes a Transferred Employee or terminates employment. With respect to any Company employee who is not actively at work on the Closing Date because such employee is on an approved leave of absence and who is entitled to certain rights under the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended (“USERRA”), Parent and/or Company shall be responsible for complying with USERRA with respect to such employee until such employee either becomes a Transferred Employee or terminates employment. In addition, Parent and/or Company is responsible for the payment of all workers’ compensation payments and liabilities relating to any Transferred Employee who is not actively at work on the Closing Date due to any event or occurrence that occurs prior to the Closing Date (“Retained Workers’ Compensation”), except to the extent such liabilities are included in the calculation of Adjusted Current Liabilities. For any Company or Subsidiary employee who is not actively at work on the Closing Date and is eligible to become a Transferred Employee, Buyer shall be responsible for satisfying any rights such employee may have to return to work following such absence.
Certain Company Employees. If, on or prior to the third Business Day prior to the Closing, any of the Company employees listed on Schedule 9.16 hereto fully and effectively waives, pursuant to a writing executed for the benefit of and delivered to Stockholder, all rights such employee has with respect to the vesting of all of the restricted shares of common stock in Stockholder that such employee owns, as shown next to such employee’s name on Schedule 9.16 under the heading “Restricted Shares in Stockholder,” which vesting is related to the transactions contemplated by this Agreement, then Parent will, after the Effective Time, issue such number of restricted shares of Parent Common Stock to such employee, pursuant to a restricted stock award agreement approved by the Parent’s Board of Directors, as shown opposite such employee’s name on Schedule 9.16 under the heading “Restricted Shares in Parent” for the price per share opposite such employee’s name on Schedule 9.16 under the heading “Price Per Share.”