Continuation Period Clause Samples

Continuation Period. As of the Distribution Date, Fuels will, or will cause an applicable Fuels Group member to, provide to each Continuing Employee employment in a position at least comparable to that held by such Continuing Employee immediately before the Distribution. Fuels will, or will cause or will cause an applicable Fuels Group member to, maintain such comparable employment with respect to each Continuing Employee during the one-year period that begins as of the Distribution Date or such shorter period as such Continuing Employee remains an employee of an Employing Entity following the Distribution (the “Continuation Period”). The Parties will take all actions necessary to effectuate the provisions of Schedule 4.3(a).

Continuation Period. Subject, and in addition, to requirements imposed by applicable Legal Requirements: (a) For the period commencing on the Employment Commencement Date and ending on the one-year anniversary of the Employment Commencement Date (the “Continuation Period”), Purchaser shall provide, or shall cause to be provided, to each Transferred Employee: (i) a base salary (or hourly base wage rate) that is at least equal to the base salary (or hourly base wage rate) provided to such Transferred Employee immediately prior to the Employment Commencement Date, (ii) a target annual cash bonus or commission opportunity that is at least equal to the target annual cash bonus or commission opportunity provided to such Transferred Employee immediately prior to the Employment Commencement Date, (iii) long-term incentive opportunities that are at least equal to the long-term incentive opportunities provided to similarly situated employees of Purchaser, and (iv) employee health, welfare, retirement and fringe benefits and perquisites that are no less favorable in the aggregate than the employee health, welfare, retirement and fringe benefits and perquisites provided or made available to such Transferred Employee immediately prior to the Employment Commencement Date; (b) In the event of termination of the employment of any Transferred Employee during the Continuation Period, Purchaser shall provide, or shall cause to be provided, to such Transferred Employee severance pay and benefits no less favorable than the severance pay and benefits to which such Transferred Employee would have been entitled under any applicable Seller Benefit Plan or Acquired Company Benefit Plan immediately prior to the Employment Commencement Date; (c) For purposes of vesting and eligibility, Purchaser shall, or shall cause its applicable Affiliate (including any Acquired Company) to, give each Transferred Employee full credit for all purposes under each employee benefit plan, policy or arrangement of Seller or its applicable Affiliates (other than a defined benefit plan) maintained or made available for the benefit of Transferred Employees as of and after the Employment Commencement Date by Purchaser or any of its Affiliates, for such Transferred Employee’s service prior to the Employment Commencement Date with Seller and its applicable Affiliates and their respective predecessors, to the same extent and for the same purpose as such service is recognized by Seller and its applicable Affiliates immediately prio...

Continuation Period. The Parent Group shall cause certain Welfare Plans, identified on Schedule 7.01(b) (the “Continuation Welfare Plans”), to provide coverage to SpinCo Employees and Former SpinCo Employees from the Effective Time until December 31, 2018 (the “Continuation Period”) on the same basis as immediately prior to the Effective Time. The SpinCo Group shall compensate the Parent Group for any Liabilities incurred by the Parent Group in connection with permitting the SpinCo Employees and Former SpinCo Employees to participate in the Continuation Welfare Plans during the Continuation Period in accordance with the terms of the Transition Services Agreement. Effective as of January 1, 2019, the SpinCo Employees and Former SpinCo Employees shall cease participation in the Continuation Welfare Plans and commence participation in corresponding SpinCo Welfare Plans.

Continuation Period. In the event that, during the term of this Agreement, the Company terminates the Employee's employment for any reason other than Cause or Disability and Section 6 does not apply, then the Employee shall be entitled to receive all of the payments and benefit coverage described in this Section 7. Such payments and benefit coverage shall continue for the period (the "Continuation Period") commencing on the date when the employment termination is effective and ending on the earlier of: (i) The date six months after such date; or (ii) The date of the Employee's death.

Continuation Period. Section 6.6(a) DGCL..................................................

Continuation Period. 38 control...............................

Continuation Period. For purposes of this Section, the period beginning upon the date of the notice of termination and ending on the last day of the month one year following the date of such termination shall be referred to as the "Continuation Period."

Continuation Period. For the nine (9) month period following the Closing Date (the “Continuation Period”), Purchaser shall (i) provide each Transferred Employee, during any portion of the Continuation Period that such employee is employed by Purchaser, a rate of pay that is no less than the rate of pay that such Transferred Employee receives immediately prior to the Closing Date and (ii) provide such Transferred Employees (as a group) with the employee benefit plans, programs and policies (other than equity-based plans, programs or policies) that are substantially similar in the aggregate to those employee benefit plans, programs and policies that are maintained by Purchaser or its Affiliates from time to time for the benefit of similarly situated employees of Purchaser or its Affiliates (any such employee benefit plans of Purchaser in which Transferred Employees become eligible to participate after the Closing shall be referred hereinafter as, the “Purchaser’s Plans”). If Purchaser has no similarly situated employees, Purchaser shall provide such Transferred Employees with benefit plans, programs and policies substantially similar in the aggregate to the benefit plans, programs and policies provided to such Transferred Employees immediately prior to the Closing Date. Notwithstanding any other provision herein, Purchaser shall not have any obligation to continue the employment of any Transferred Employee for any period following the Closing Date. Neither Purchaser nor Purchaser’s Plans shall receive assets from, nor be required to assume any of the liabilities of, the Seller Plans.

Continuation Period. From the Transition Date until the [ * ] of the Closing Date (the “Continuation Period”), with respect to each Transferred Employee (which, for the avoidance of doubt, includes any Facility Employee who becomes an employee of Purchaser or a Purchaser Affiliate pursuant to Section 9.01), Purchaser shall, or shall cause an applicable Purchaser Affiliate to, provide and maintain terms and conditions of employment consistent with clauses (A) through (E) of Section 9.01(b)(i) above. Except as provided in the Employee Matters Letter, Purchaser shall not, and shall cause any other Purchaser Affiliate not to, without the written consent of Seller, initiate any dismissal or employment termination process for any Transferred Employee before the later of (i) [ * ]; provided, however, that neither a Purchaser employer nor any Purchaser Affiliate shall be in breach of this covenant in the event that it terminates the employment of a Transferred Employee for cause, or in connection with the closing of a facility or any reduction in force to the extent such closing or reduction was contemplated by Seller prior to the Closing Date. Except as specifically stated herein, neither Purchaser nor any Purchaser Affiliate that employs Transferred Employees shall have any obligation to replicate or match the various employment compensation and benefit programs offered by Seller to Transferred Employees prior to the Closing Date; rather, upon hire, Transferred Employees will be integrated into the existing compensation and benefit programs of Purchaser or a Purchaser Affiliate as disclosed in the Employee Matters Letter, subject to the terms of clauses (b) through (e) of this Section 9.03.