Employee and Employee Benefits. Employee shall be entitled to all benefits to which other officers of the Company are entitled, on terms comparable thereto, including, without limitation, participation in the 401(k) plan, group insurance policies and plans, medical, health, vision, and disability insurance policies and plans, and the like, which may be maintained by the Company for the benefit of its employees. The Company reserves the right to alter and amend the benefits received by Employee from time to time at the Company’s discretion.
Employee and Employee Benefits. Neither Marlin GP nor the Partnership has any employees. As of the Closing Date, Xxxxxx Offshore shall have no employees, all such persons having been transferred to the Seller. To Seller’s knowledge, none of the employees of the Target Entities have ever been covered by a collective bargaining agreement with a union. Neither Marlin GP nor the Partnership sponsors, maintains or contributes to any Benefit Plan. Xxxxxx Offshore shall not have any Benefit Plan in effect as of the Closing Date. The Target Entities have never sponsored, maintained or contributed to any “employee benefit plan,” within the meaning of Section 3(3) of ERISA, that is a “multiemployer plan,” within the meaning of Section 3(37) of ERISA, that is covered by Title IV of ERISA or that is subject to the minimum funding requirements of Section 3.02 of ERISA. With respect to any “employee benefit plan,” within the meaning of Section 3(3) of ERISA, that is sponsored, maintained, or contributed to, or has been sponsored, maintained, or contributed to within six (6)
Employee and Employee Benefits. 47 5.17 No Solicitation; Withdrawal of the Board Recommendation..................................... 48 5.18
Employee and Employee Benefits. (a) Seller shall, and shall cause the Dyn International Companies (as applicable) to, not later than the Closing Date, bifurcate certain employee benefit plans (including, for the avoidance of doubt, the CSC Matched Asset Plan (the “CSC MAP“) and the DynCorp Employee Welfare Benefits Plan (the “DynCorp Welfare Plan“), including the voluntary employee beneficiary association trust assets that fund the DynCorp Welfare Plan) (the “Bifurcated Plans”) in which U.S. Employees and Terminated U.S. Employees participate or by which such persons are covered, with the result that DI shall maintain, sponsor, and contribute to each Bifurcated Plan, but only to the extent that any such Bifurcated Plan covers solely U.S. Employees and Terminated U.S. Employees (including, for the avoidance of doubt, DTSAS Transferred Employees and DI Transferred Employees, each as defined below, and including terminated employees of DTS who formerly were employed in connection with a DTSAS Government Contract or at the Fort Worth Shared Services Center).
Employee and Employee Benefits. (a) Particulars disclosed There are, in relation to the Company:
Employee and Employee Benefits. The Employee shall be entitled to all benefits to which other executive officers of Issuer Direct are entitled, on terms comparable thereto, including, without limitation, participation in pension and profit sharing plans, 401(k) plan (or any similar plans typically offered to residents of Canada), group insurance policies and plans, medical, health, vision, and disability insurance policies and plans, and the like, which may be maintained by Issuer Direct for the benefit of its executives. Issuer Direct reserves the right to alter and amend the benefits received by Employee from time to time at Issuer Direct’s discretion.
Employee and Employee Benefits. (a) Schedule 4.14 hereof sets forth all current and former employees and consultants of DOT(SR). Neither DOT(SR) nor the Sellers maintain or have ever maintained any Employee Benefit Plan with respect to the current or former employees of DOT(SR). Neither DOT(SR) nor the Sellers contribute or has ever contributed, or has ever been required to contribute, to any Employee Benefit Plan with respect to any of the current or former employees of DOT(SR).
Employee and Employee Benefits. 8.08.Maintenance of Letter of Credit 8.09.Change of Name 8.10.Payment of Liabilities 8.11.Escrow and Lender Loss Reserve Accounts 8.12.Transfers of Acquired Assets, Assumed Contracts and Mortgage Loans. 8.13.Additional Obligations of Transferor/Advances. 8.14.Updated Mortgage Loan Schedule ARTICLE IX COVENANTS OF ACQUIROR 9.01.Cooperation; Approvals 9.02.Notice and Cure 9.03.Use of Transferor’s Corporate Name 9.04.Completion of Transaction 9.05.Compliance with Lender Loss Reserve Accounts and Related Escrow Accounts ARTICLE X TAX MATTERS 10.01.Filing Returns and Payment of Taxes 00.00.Xxx Matters
Employee and Employee Benefits. None of the Target Entities has, nor has any Target Entity ever had, any employees or employee benefit plans.
Employee and Employee Benefits. (a) (i) Subject to Section 11.5(a)(ii), for a period of one year following the Closing Date, Buyer shall be responsible for severance pay payable to any Employee who is (x) employed by Seller immediately preceding the Closing and (y) either (1) not offered employment with Buyer or (2) hired and thereafter terminated by Buyer. Such payments shall be made pursuant to Buyer's severance policy in effect on the date of termination. Buyer shall compute such severance pay by giving affected Employees credit for years of service with Seller and its Affiliates.
