Employee Benefits - General a. The Employer shall provide each eligible teacher with an application or enrollment form for participation in the benefit plans.
b. The Employer shall provide information to Teachers on how to obtain benefits including pension, from the various plans.
c. The Employer shall advise each Teacher in writing at the end of October of his/her accumulated sick leave.
d. The Employer agrees to pay its share of the cost of benefits for all full-time Teachers while they are in receipt of salary under this Agreement, provided that a temporary teacher's full time appointment must be for a minimum of four (4) months or more.
e. Subject to the conditions of the benefit plans, part-time teachers employed .5 FTE or more shall be entitled to the benefit provisions of this Agreement in the same manner as full-time teachers. Part-time teachers employed less than .5 FTE or on an appointment for less than four (4) months shall not be entitled to benefits.
f. Benefit coverage shall be extended to the end of the next teaching month following a deduction of premiums.
Employee Benefits - General. Subject, and in addition to, any requirements imposed by applicable Law and, where applicable to a Transferred Employee, the provisions of the applicable Business Employee Severance Agreement set forth on Schedule 5.5(a)(ii) of the Disclosure Schedules, Buyer, for at least one year following the Closing Date, shall provide the Transferred Employees with employee benefits that are no less favorable in the aggregate than those provided to similarly situated employees of Buyer and its Affiliates. Except for the obligation of Buyer for Severance and Acceleration Payments, Seller shall bear the expense of and responsibility for all Liabilities arising from claims by the Transferred Employees for benefits under the Employee Plans, and Buyer shall bear the expense of and responsibility for all Liabilities arising from claims by the Transferred Employees for benefits attributable to periods after the Closing under the benefit plans maintained by the Buyer, including any claims under such plans relating to severance from employment after the Closing (including without limitation any such severance that relates to or results from any failure of the Buyer to comply with the provisions of this Section 5.5). For purposes of determining whether Liability for welfare benefit claims is incurred prior to, or on or following the Closing Date, claims shall be deemed to be incurred as follows: (A) with respect to short-term disability, long-term disability, life and accidental death and dismemberment benefits, upon the event giving rise to such benefits, and (B) with respect to medical, dental, vision care, prescription and health-related benefits, upon provision of medical, dental, vision, prescription and health-related services, materials or supplies, unless otherwise specifically provided in the applicable welfare benefit plan. Except as may be specifically required by this Agreement or by applicable Law, Buyer shall not be obligated to continue to provide any particular employee benefits to any Transferred Employee.
Employee Benefits - General. (a) During the period commencing at the Effective Time and ending on the date which is 12 months from the Effective Time (or if earlier, the date of the employee’s termination of employment with any Acquired Company), Parent shall provide (or shall cause the Company or its Affiliates to provide, as applicable), each employee who is employed by an Acquired Company immediately prior to the Effective Time who remains employed immediately after the Effective Time (“Company Continuing Employee”) with: (i) base salary or hourly wages which are no less than the base salary or hourly wages provided by the applicable Acquired Company immediately prior to the Effective Time; (ii) target bonus opportunities (excluding equity-based compensation), if any, which are no less than the target bonus opportunities (excluding equity-based compensation) provided by the applicable Acquired Company immediately prior to the Effective Time; (iii) retirement and welfare benefits that are no less favorable in the aggregate than those provided by the applicable Acquired Company immediately prior to the Effective Time; and (iv) severance benefits that are no less favorable than the practice, plan or policy in effect for such Company Continuing Employee immediately prior to the Effective Time.
(b) With respect to any employee benefit plan maintained by Parent or its Subsidiaries (collectively, “Parent Benefit Plans”) in which any Company Continuing Employees will participate effective as of or after the Effective Time, Parent shall, or shall cause the Company or the applicable Subsidiary to, recognize all service of the Company Continuing Employees with the Company or the applicable Subsidiary as if such service were with Parent, for vesting and eligibility purposes in any Parent Benefit Plan in which such Company Continuing Employees may be eligible to participate after the Effective Time; provided, however, such service shall not be recognized to the extent that (x) such recognition would result in a duplication of benefits or (y) such service was not recognized under the corresponding Company Benefit Plan.
(c) Nothing contained in this Agreement or in the Parent Disclosure Schedule, express or implied, shall (i) obligate Parent, the Surviving Corporation or any of their Affiliates to (A) maintain any particular compensation or benefit plan, (B) employ or retain the employment of any particular employee, (ii) be construed to create any third party rights, benefits or remedies of any ...
Employee Benefits - General. RPT9 In Schedule III (Employee Benefits – RPT Classified) and Article RPT12 (Workplace Safety and Insurance), Article RPT14 (Vacations and Vacation Credits), Article RPT15 (Holiday Payment), Article RPT10 (Bereavement Leave), Article RPT11 (Special and Compassionate Leave), Article 13.06 (Parental Leave), Article 13.05 (Pregnancy Leave), Article RPT13 (Short Term Sickness Plan) and Article RPT16 (Termination Payment), salary means earnings from weekly hours of work, exclusive of premium payments.
Employee Benefits - General a. The Employer shall provide each eligible employee with an application or enrollment form for participation in the benefit plans.
Employee Benefits - General. Buyer shall cause the Target Companies to either (i) continue to provide each Continuing Employee and his or her eligible dependents and beneficiaries with continued participation under the Group Plans and related trusts, which are intended to be exempt from taxation under Section 501(a) of the Code, in which such Continuing Employees participate immediately prior to the Closing Date; or (ii) to participate in compensation and employee benefit arrangements and related trusts of the Buyer (or its Affiliates) which provide compensation and benefits that are substantially comparable in the aggregate or better than those provided under the Group Plans and the trusts related thereto (the “Buyer Plans”), and which are intended to be exempt from taxation under Section 501(a) of the Code. Continuing Employees shall continue to accrue benefits as active participants and shall have rights to continue as active participants under the Group Plans or the Buyer Plans (without derogation of their rights, including vesting and benefit accrual). For Continuing Employees, subject to Legal Requirements, Buyer will cause the Target Companies to provide such Continuing Employees, during the period beginning immediately following the Closing Date and ending on the 24-month anniversary of the Closing Date (the “Continuation Period”), with compensation and employee benefits (other than (i) defined benefit pension benefits and (ii) retiree health, life and other retiree welfare benefits, except as may be required by a Collective Bargaining Agreement) that are substantially comparable in the aggregate to, or better than, the compensation and employee benefits provided as of the date hereof under the Group Plans (any such Company Plans, Buyer Plans and Transition Plans and employee and health and welfare benefit plans of the Target Companies in which Continuing Employees become eligible or continue to participate on and after the Closing Date shall be referred hereinafter as “Continuing Company Plans”). Notwithstanding the foregoing, the Company will retain full power and authority with respect to the amendment and termination of the Continuing Company Plans and the investment and disposition of assets held in any applicable Continuing Company Plans and in any trust related thereto pursuant to and in accordance with the terms thereof, in either case, other than any Transition Plans.
Employee Benefits - General. The Seller shall bear the expense of and responsibility for all liabilities arising from claims by the Transferred Employees for compensation and benefits attributable to periods prior to the Closing Date under the Employee Plans maintained by the Seller, and the Buyer shall bear the expense of and responsibility for all liabilities arising from claims by the Transferred Employees for benefits attributable to periods on or after the Closing Date under the benefit plans maintained by the Buyer, including any claims under such plans relating to severance from employment on or after the Closing (including without limitation any such severance that relates to or results from any failure of the Buyer to comply with the provisions of this Section 5.6); provided, that the Seller shall pay, on or before the Closing Date, all accrued but untaken vacation, paid time off and personal leave time to the Transferred Employees. Except as may be specifically required by this Agreement or by applicable Law, the Buyer shall not be obligated to continue to provide any particular employee benefits to any Transferred Employee.
Employee Benefits - General. Buyer agrees that all Transferred Employees shall be eligible to participate in Buyer’s or its Affiliates’ health and welfare benefit plans, provided, however, that nothing in this Agreement shall limit the right of Buyer or its Affiliates to amend or terminate any such health or welfare benefit plan at any time following the Closing Date.
Employee Benefits - General. Except as otherwise provided in Section 5.6(e), the Buyer shall provide the Transferred Employees with employee benefits that are substantially comparable in the aggregate to those provided to such individuals immediately prior to the Closing Date, subject only to a curtailment that the Buyer imposes on all of its employees (i.e., including the Business Employees) on a proportionate and across-the-board basis. The Seller shall bear the expense of and responsibility for all liabilities arising from claims by the Transferred Employees for benefits attributable to periods through the Closing Date under the Employee Plans maintained by the Seller, and the Buyer shall bear the expense of and responsibility for all liabilities arising from claims by the Transferred Employees for benefits attributable to periods after the Closing under the benefit plans maintained by the Buyer, including any claims under such plans relating to severance from employment on or after the Closing (including any such severance that relates to or results from any failure of the Buyer to comply with the provisions of this Section 5.6). Except as may be specifically required by this Agreement or by applicable Law, the Buyer shall not be obligated to continue to provide any particular employee benefits to any Transferred Employee.
Employee Benefits - General. Parent agrees that, as soon as reasonably practicable following the Effective Time, Employees who are eligible to participate in Company Benefit Plans and who are employed by Parent or any of its Subsidiaries after the Effective Time (“Continuing Employees”) will be eligible to participate in employee benefit plans of Parent or its Subsidiaries on substantially the same terms and conditions as similarly situated employees of Parent or its Subsidiaries, taking into account, as of the Effective Time, the service by Continuing Employees prior to the Effective Time described in the next following sentence. Except as set forth in Section 6.11 of the Parent Disclosure Schedule, Parent will cause any employee benefit plans in which the Continuing Employees are eligible to participate to take into account, for purposes of eligibility and vesting thereunder, but not for purposes of benefit accrual, not for purposes of qualifying for any subsidized early retirement benefits, and not to the extent that it would result in any duplication of benefits, service by Continuing Employees prior to the Effective Time as if such service were with Parent, to the same extent such service was credited under a Company Benefit Plan. Parent shall credit any vacation balances existing at the Effective Time for each Continuing Employee; provided, that any amount of vacation accrued under Parent’s policy by reason of such Continuing Employee’s post-Closing service with Parent or any of its Subsidiaries shall be adjusted to the extent necessary so that in no event will the aggregate amount of vacation accrued by such Continuing Employee for the year in which the Closing occurs for pre-Closing service with the Company and its Subsidiaries plus post-Closing service with Parent and its Subsidiaries exceed the amount of vacation such Continuing Employee would have accrued for that year under Parent’s vacation policy had such Continuing Employee been employed only by Parent for the entire year. For Continuing Employees, under the medical plans of Parent and its Subsidiaries for the calendar year in which the Closing occurs, (i) Parent shall cause there to be waived any pre-existing conditions, actively at work requirements and waiting periods or other eligibility requirements; and (ii) to the extent that any such Continuing Employee has satisfied, in whole or in part, any annual deductible under a Company medical plan, or has paid any out of pocket expenses pursuant to any such plan’s coinsu...
