Common use of Employee and Benefit Matters Clause in Contracts

Employee and Benefit Matters. (i) Seller or RVEP shall make available to Buyer all U.S. Employees to discuss potential employment with Buyer or an Affiliate of Buyer (such entity that makes employment offers being the “Buyer Employer”). Seller shall provide Buyer with an updated list of the U.S. Employees within five (5) days of the date upon which any change therein has occurred. On or before the Closing Date, but effective as of the Closing Date, and conditioned upon the occurrence of the Closing, Buyer shall cause the Buyer Employer to make offers of employment to the U.S. Employees who are employed by Seller or RVEP immediately prior to the Closing Date, and who are selected by the Buyer Employer in its sole discretion upon written notice to Seller at least five days prior to the Closing Date. The terms and conditions of each such offer of employment shall be on terms and conditions determined by the Buyer Employer, in its sole discretion, that are consistent with the provisions of this Section 6.3(f). All offers of employment shall be subject to the Buyer Employer’s policies concerning background and security checks and drug/substance abuse testing. As used in this Agreement, the term “

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Penn Octane Corp), Purchase and Sale Agreement (Rio Vista Energy Partners Lp)

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Employee and Benefit Matters. (i) Seller Seller, RVEP or RVEP any of the Companies shall make available to Buyer all U.S. Business Employees to discuss potential employment with Buyer or an Affiliate of Buyer (such entity that makes employment offers being the "Buyer Employer"). Seller shall provide Buyer with an updated list of the U.S. Business Employees within five (5) days of the date upon which any change therein has occurred. On or before the Closing Date, but effective as of the Closing Date, Date and conditioned upon the occurrence of the Closing, Buyer shall cause the Buyer Employer to make offers of employment to the U.S. Business Employees who are employed by Seller Seller, RVEP or RVEP any of the Companies immediately prior to the Closing Date, Date and who are selected by the Buyer Employer in its sole discretion upon written notice to Seller at least five days prior to the Closing Date. The terms and conditions of each such offer of employment shall be on terms and conditions determined by the Buyer Employer, Employer in its sole discretion, discretion that are consistent with the provisions of this Section 6.3(f6.3(h). All offers of employment shall be subject to the Buyer Employer’s 's policies concerning background and security checks and drug/substance abuse testing. As used in this Agreement, the term "U.S.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rio Vista Energy Partners Lp)

Employee and Benefit Matters. (i) Seller or RVEP shall make available to Buyer all U.S. Employees Employees, as set forth on Schedule 4.6(a), to discuss potential employment with Buyer or an Affiliate of Buyer (such entity that makes employment offers being the “Buyer the“Buyer Employer”). Seller shall provide Buyer with an updated list of the U.S. Employees within five (5) days of the date upon which any change therein has occurred. On or before the Closing Date, but effective as of the Closing Date, and conditioned upon the occurrence of the Closing, Buyer shall cause the Buyer Employer to make offers of employment to the U.S. Employees who are employed by Seller or RVEP an Affiliate of Seller immediately prior to the Closing Date, Date and who are selected by the Buyer Employer in its sole discretion upon written notice to Seller at least five days prior to the Closing Date. The terms and conditions of each such offer of employment shall be on terms and conditions determined by the Buyer Employer, in its sole discretion, that are consistent with the provisions of this Section 6.3(f). All offers of employment shall be subject to the Buyer Employer’s policies concerning background and security checks and drug/substance abuse testing. As used in this Agreement, the term “

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Octane Corp)

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Employee and Benefit Matters. (i) Seller or RVEP shall make available to Buyer all U.S. Employees Business Employees, as set forth on Schedule 4.6(a), to discuss potential employment with Buyer or an Affiliate of Buyer (such entity that makes employment offers being the "Buyer Employer"). Seller shall provide Buyer with an updated list of the U.S. Business Employees within five (5) days of the date upon which any change therein has occurred. On or before the Closing Date, but effective as of the Closing Date, Date and conditioned upon the occurrence of the Closing, Buyer shall cause the Buyer Employer to make offers of employment to the U.S. Business Employees who are employed by Seller or RVEP an Affiliate of Seller immediately prior to the Closing Date, Date and who are selected by the Buyer Employer in its sole discretion upon written notice to Seller at least five days prior to the Closing Date. The terms and conditions of each such offer of employment shall be on terms and conditions determined by the Buyer Employer, in its sole discretion, that are consistent with the provisions of this Section 6.3(f6.3(g). All offers of employment shall be subject to the Buyer Employer’s 's policies concerning background and security checks and drug/substance abuse testing. As used in this Agreement, the term "U.S.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Penn Octane Corp)

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