Corporation Employees Sample Clauses

Corporation Employees. (a) As soon as administratively practicable after the Closing Date, the employees of the Corporation shall cease participation in any and all Employee Benefit Plans of the Corporation and from and after the Closing Date, Purchaser shall provide to each employee of the Corporation employee benefits and incentives that are the same or similar in all material respects to the benefits and incentives that are currently provided by Purchaser or its Affiliates to its similarly-situated employees; provided, however, that as required by law, the Corporation’s employees will continue to participate in the Corporation’s SIMPLE XXX Plan through and including December 31, 2007 and will not be eligible to participate in Purchaser’s qualified 401(k) Plan until January 1, 2008.
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Corporation Employees. 44 19.3 Time-keeping, Records and Notices...............................................45 19.4 Closing of an Institution and Severance Obligations.............................45 19.5
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Corporation Employees. 19.2.1 Except in emergency situations, not to exceed a twenty-four (24) hour period, a Corporation employee at any of the Institutions and Borough Houses shall not be permitted additional employment by the Contractor to provide Contract Services without the prior written approval of the Chief Executive, and only provided such additional employment or approved dual employment arrangement does not conflict with such Corporation employee's regularly prescribed duties. Such approval shall be given only after written application by the Contractor shall have been delivered to the Chief Executive describing the assigned work schedule of the applicable Corporation employee(s). In the event that the Chief Executive approves the additional employment of a Corporation employee by the Contractor, the Time Records with respect to such Corporation employees shall be clearly noted to reflect that such employment is in addition to the prescribed work hours for Corporation pay. The Contractor shall pay applicable rates for Corporation employees covered by the federal Fair Labor Standards Act. Personnel of the Corporation who are classified in either the Managerial or Executive Pay Plans of the Corporation and who have responsibility for administering this Agreement shall not be paid by, or on behalf of, the Contractor for services rendered to the Contractor.
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Corporation Employees. From and after the Closing, Purchaser shall honour and perform, or cause the Acquired Companies to honour and perform, all of the obligations of the Acquired Companies under employment and other agreements with current or former employees, and for a period of 12 months following the Closing, shall provide the Employees of the Acquired Companies with benefits and total compensation that in the aggregate are substantially similar to those provided by the Acquired Companies, prior to the Closing Date; provided that no provision of this Section 7.5 shall give any Employee of the Acquired Companies any right to continued employment or impair in any way the right of the Acquired Companies to terminate the employment of any employee of the Acquired Companies. Notwithstanding the foregoing, Purchaser shall be permitted to make changes to employee compensation within such 12 month period with the consent of the affected Employees or Seller, such consent by Seller not to be unreasonably withheld.
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Corporation Employees. In addition, the Executive shall no longer participate in any of the salary continuation, contingent compensation, stock purchase or other benefit plans or arrangements described in this Agreement. In his capacity as consultant, the Executive shall assist the Bank and/or Corporation in their marketing endeavors, shall advise the respective Boards of the Bank and/or Corporation on various matters, and shall provide other services as the Bank and/or Corporation require. For so long as Executive performs these services as consultant, the Bank or Corporation shall pay Executive $1,666.67 per month. The term of Executive's services as consultant shall be consecutive one month terms, and can terminate at any time with thirty (30) days written notice by either party. If not previously terminated, the consulting arrangement set forth in this Paragraph shall terminate automatically after thirty six (36) months. Executive agrees that, during the term of the consulting arrangement and for a period of twelve (12) months thereafter, he shall continue to honor the Nondisclosure (Paragraph 7) and the Restrictive Covenant (Paragraph 8) provisions of this Agreement.
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Corporation Employees. 22 SECTION 2.10 PAYMENT OF CONSIDERATION. ....................................................................... 22 SECTION 2.11
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Corporation Employees. (1) From and after the Effective Time, the Purchaser shall cause the Corporation to honour and comply in all material respects with all of the obligations of the Corporation under employment agreements with current or former employees, and for a period of 12 months following the Effective Time shall cause the Corporation to provide the Corporation Employees with benefits and total compensation that are substantially equivalent to those currently provided by the Corporation under the Employee Plans; provided that no provision of this Section 2.9 shall (i) give any Corporation Employees any right to continued employment, (ii) affect or otherwise increase the severance, post-termination benefits or other termination entitlements of Corporation Employees under their employment agreements or applicable Law, (iii) impair in any way the right of the Corporation to terminate the employment of any Corporation Employee at any time, or (iv) prevent the Purchaser, the Corporation or any successor to the Corporation to terminate or modify the Employee Plans. (2) Notwithstanding anything in this Section 2.9 to the contrary, the terms of this Section 2.9 shall not apply to any Corporation Employee who is covered by a Collective Agreement and instead, the terms and conditions of employment of each such Corporation Employee following the Effective Time shall be governed by the terms of the applicable Collective Agreement. Section 2.10
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Corporation Employees. If any employee is a voting member of the Board of Trustees, such employee is precluded from discussion and voting on matters pertaining to that employee’s compensation; provided, however, that no employee is prohibited from providing information to the Board of Trustees regarding compensation
Sample 1

Related to Corporation Employees

  • Corporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

  • Certain Employees (a) Each of the following is included in the list of agreements set forth in the Disclosure Schedule: all collective bargaining agreements, employment and consulting agreements, bonus plans, deferred compensation plans, employee pension plans or retirement plans, employee profit-sharing plans, employee stock purchase and stock option plans, hospitalization insurance, and other plans and arrangements providing for employee benefits of employees of the Seller.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Former Employees All Employees terminating service with the Employer during the Plan Year and who have satisfied the eligibility requirements based on the terms of the Employer's accumulated benefits plans checked below (select all that apply; leave blank if no exclusions):

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Transferred Employees Effective as of the Closing Date, Purchaser or one of its Affiliates shall make an offer of employment to each Applicable Employee. Notwithstanding anything herein to the contrary and except as provided in an individual employment Contract with any Applicable Employee or as required by the terms of an Assumed Plan, offers of employment to Applicable Employees whose employment rights are subject to the UAW Collective Bargaining Agreement as of the Closing Date, shall be made in accordance with the applicable terms and conditions of the UAW Collective Bargaining Agreement and Purchaser’s obligations under the Labor Management Relations Act of 1974, as amended. Each offer of employment to an Applicable Employee who is not covered by the UAW Collective Bargaining Agreement shall provide, until at least the first anniversary of the Closing Date, for (i) base salary or hourly wage rates initially at least equal to such Applicable Employee’s base salary or hourly wage rate in effect as of immediately prior to the Closing Date and (ii) employee pension and welfare benefits, Contracts and arrangements that are not less favorable in the aggregate than those listed on Section 4.10 of the Sellers’ Disclosure Schedule, but not including any Retained Plan, equity or equity-based compensation plans or any Benefit Plan that does not comply in all respects with TARP. For the avoidance of doubt, each Applicable Employee on layoff status, leave status or with recall rights as of the Closing Date, shall continue in such status and/or retain such rights after Closing in the Ordinary Course of Business. Each Applicable Employee who accepts employment with Purchaser or one of its Affiliates and commences working for Purchaser or one of its Affiliates shall become a “Transferred Employee.” To the extent such offer of employment by Purchaser or its Affiliates is not accepted, Sellers shall, as soon as practicable following the Closing Date, terminate the employment of all such Applicable Employees. Nothing in this Section 6.17(a) shall prohibit Purchaser or any of its Affiliates from terminating the employment of any Transferred Employee after the Closing Date, subject to the terms and conditions of the UAW Collective Bargaining Agreement. It is understood that the intent of this Section 6.17(a) is to provide a seamless transition from Sellers to Purchaser of any Applicable Employee subject to the UAW Collective Bargaining Agreement. Except for Applicable Employees with non- standard individual agreements providing for severance benefits, until at least the first anniversary of the Closing Date, Purchaser further agrees and acknowledges that it shall provide to each Transferred Employee who is not covered by the UAW Collective Bargaining Agreement and whose employment is involuntarily terminated by Purchaser or its Affiliates on or prior to the first anniversary of the Closing Date, severance benefits that are not less favorable than the severance benefits such Transferred Employee would have received under the applicable Benefit Plans listed on Section 4.10 of the Sellers’ Disclosure Schedule. Purchaser or one of its Affiliates shall take all actions necessary such that Transferred Employees shall be credited for their actual and credited service with Sellers and each of their respective Affiliates, for purposes of eligibility, vesting and benefit accrual (except in the case of a defined benefit pension plan sponsored by Purchaser or any of its Affiliates in which Transferred Employees may commence participation after the Closing that is not an Assumed Plan), in any employee benefit plans (excluding equity compensation plans or programs) covering Transferred Employees after the Closing to the same extent as such Transferred Employee was entitled as of immediately prior to the Closing Date to credit for such service under any similar employee benefit plans, programs or arrangements of any of Sellers or any Affiliate of Sellers; provided, however, that such crediting of service shall not operate to duplicate any benefit to any such Transferred Employee or the funding for any such benefit. Such benefits shall not be subject to any exclusion for any pre-existing conditions to the extent such conditions were satisfied by such Transferred Employees under a Parent Employee Benefit Plan as of the Closing Date, and credit shall be provided for any deductible or out-of-pocket amounts paid by such Transferred Employee during the plan year in which the Closing Date occurs.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

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