Continuation of Employees Sample Clauses

Continuation of Employees. Seller shall use reasonable efforts to help ensure the employment by Buyer of the four employees of the Business which Buyer wishes to employ.
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Continuation of Employees. The Branch Affiliates agree to use reasonable best efforts to persuade those Branch employees designated by Regency in writing to Branch to accept employment with the Partnership or New Management Company immediately following the First Closing, and Regency agrees to cause the Partnership or New Management Company to hire such employees immediately following the First Closing provided that such employee does not engage in malfeasance prior to the First Closing. Certain of such employees who accept employment with the Partnership or New Management Company following the First Closing may be hired on the understanding that their services will be required only for a transition period, and Regency agrees that any severance compensation for such employees shall be an expense of the Partnership or New Management Company, as applicable. Regency shall cause Newco to make capital contributions to the Partnership for the purpose of funding severance compensation to Branch employees who accept employment with the Partnership and later are terminated, all as further described in Schedule , and also shall cause the Partnership to assume those accrued employee benefits such as accrued vacation time and the bonus compensation listed in Schedule , but only to the extent specifically set forth thereon. Branch shall be responsible for all severance compensation, if any, for those Branch employees whose employment is terminated by Branch prior to the First Closing, except as provided above and
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Continuation of Employees. The parties acknowledge that the ------------------------- employees of the Company and its subsidiaries immediately prior to the Closing, which employees are listed in Schedule 6.22, shall be the employees of the ------------- Company and its subsidiaries immediately after the Closing.
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Continuation of Employees. 30 7.7 Termination of PTI Money Purchase Pension Plan and Trust and 401(K) Profit Sharing Plan .............................. 30 7.8 Redemption of Shares of PTII Held by PTI..................... 31 7.9
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Continuation of Employees. Midland Development agrees to use reasonable commercial efforts to persuade those of its employees designated by Regency in writing to Midland Development to accept employment with the Partnership immediately following the First Closing, and Regency agrees to cause the Partnership to hire such employees immediately following the First Closing provided that any such employee does not engage in malfeasance prior to the First Closing. Regency agrees that any "stay bonuses" for such employees shall be an expense of the Partnership. Regency shall pay severance compensation for employees whose employment is terminated by Midland Development prior to the First Closing or by the Partnership after the First Closing, in either case because their services will not be required by the Partnership following the First Closing; provided, however, that all such severance compensation shall not exceed $50,000. Midland Development shall be responsible for any severance compensation that exceeds such amount, and if any such excess severance compensation is paid by the Partnership after the First Closing, the Partnership shall be entitled to deduct such excess amount from the Midland Group Earn-Out at the First Earn-Out Closing. Regency shall make capital contributions to the Partnership for the purpose of funding severance compensation or stay bonuses expressly assumed by Regency hereunder. Nothing herein is intended to make any employee hired by the Partnership other than an employee at will, and nothing herein is intended to obligate Regency with respect to independent contractor brokers who perform services for Midland Development.
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Continuation of Employees. During the Supplying Period, ASE shall ensure that: (a) material changes to the employment terms (including compensation package and Benefit Plan) of the Transferred Employees or other restructuring of the Transferred Employees will not be implemented without prior written consent of NECEL, not to be unreasonably withheld, and shall comply with applicable Laws (including communications with labor unions); provided however that the following will not require NECEL's prior consent: (i) the termination of a Transferred Employee for breach of applicable employment terms, wrongdoing, misconduct or inadequate job performance (including failure to comply with management policies or directives) in accordance with applicable Laws; or (ii) decisions regarding management personnel of the Company. (b) In the case of Clause 9.7(a)(i), the Company shall provide NECEL with a copy of the applicable employee termination notice not later than the earlier of (i) fourteen (14) days prior to the intended termination date, or (ii) such other date on which a notice to the employee is required under applicable Law. In the case of Clause 9.7(a)(ii), the Company shall provide written notice to NECEL at least fourteen (14) days prior to the applicable management personnel decision.
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Related to Continuation of Employees

  • Continuation of Employment This Agreement shall not confer upon the Participant any right to continue employment with the Company or its Subsidiaries, nor shall this Agreement interfere in any way with the Company’s or its Subsidiaries’ right to terminate the Participant’s employment at any time. The Participant’s employment shall continue to be on an “at-will” basis.

  • Continuation of Employee Benefits (a) On and after the Effective Time, directors, officers and employees of the Company and its Subsidiaries shall be provided employee benefits, plans and programs (including but not limited to incentive compensation, deferred compensation, pension, life insurance, medical (which eligibility shall not be subject to any exclusions for any pre-existing conditions if such individual has met the participation requirements of such benefits, plans or programs of the Company or its Subsidiaries), profit sharing (including 401(k)), severance salary continuation and fringe benefits) which are no less favorable in the aggregate than those generally available to similarly situated directors, officers and employees of Parent and its significant Subsidiaries. For purposes of eligibility to participate and vesting in all benefits provided to directors, officers and employees, the directors, officers and employees of the Company and its Subsidiaries will be credited with their years of service with the Company and its Subsidiaries and prior employers to the extent service with the Company and its Subsidiaries and prior employers is taken into account under plans of the Company and its Subsidiaries. Upon termination of any medical plan of the Company or any of its Subsidiaries, individuals who were directors, officers or employees of the Company or its Subsidiaries at the Effective Time shall become eligible to participate in the medical plan of Parent. Amounts paid before the Effective Time by directors, officers and employees of the Company and its Subsidiaries under any medical plans of the Company shall after the Effective Time be taken into account in applying deductible and out-of-pocket limits applicable under the medical plan of Parent provided as of the Effective Time to the same extent as if such amounts had been paid under such medical plan of Parent. (b) This Section 6.14, which shall survive the Effective Time and shall continue without limit, is intended to benefit and bind the Company and the Surviving Corporation, each of whom may enforce the provisions of this Section 6.14. Nothing contained in this Section 6.14 shall create any third party beneficiary rights in any director, officer or employee or former director, officer or employee (including any beneficiary or dependent thereof) of the Company, any of its Subsidiaries or the Surviving Corporation in respect of continued employment for any specified period of any nature or kind whatsoever, and nothing contained in this Section 6.14 shall create such third party rights in any such person in respect of any benefits that may be provided, directly or indirectly, under any employee benefit plan or arrangement.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • PROTECTION OF EMPLOYEES Any Employee who in good faith reports a suspected or actual violation of law, regulation, University policy or procedure, or ethical or professional standards, will be protected from retaliation as a result of such reporting, regardless of whether or not, after investigation, a violation is found to have occurred.

  • Notification of Employees A. Written notice of layoff shall be given to an employee or sent by mail to the last known mailing address at least fourteen (14) calendar days prior to the effective date of the layoff. Notices of layoff shall be served on employees personally at work whenever practicable. B. It is the intent of the parties that the number of layoff notices initially issued shall be limited to the number of positions by which the work force is intended to be reduced. Additional notices shall be issued as other employees become subject to layoff as a result of employees exercising reduction rights under Section 5. C. The notice of layoff shall include the reason for the layoff, the proposed effective date of the layoff, the employee's hire date, the employee's layoff points, a list of classes in the employee's occupational series within the layoff unit, the employee's rights under Sections 5. and 6. and the right of the employee to advise the County of any objection to the content of the layoff notice prior to the proposed effective date of the layoff.

  • Continuation of Services The Contractor shall work with the current Subcontractor prior to cancellation date to ensure all consumer needs are identified and appropriate placements and transportation needs, as applicable, have been arranged. The Subcontractor shall maintain communication with the Contractor on the process of transferring consumers until all consumers are placed.

  • Continuation of Service If the Recipient is an air carrier, until March 1, 2022, the Recipient shall comply with any applicable requirement issued by the Secretary of Transportation under section 4114(b) of the CARES Act to maintain scheduled air transportation service to any point served by the Recipient before March 1, 2020.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

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