Employee/Employee Compensation Sample Clauses

Employee/Employee Compensation. (a) The Sellers agree to pay when due all compensation and benefits to any employee of the Sellers under all pay and compensation practices and under any employment agreements applicable to their business which are payable in the ordinary course of business. (b) Each of the Sellers shall use its best efforts to retain up until the Closing those employees listed on SCHEDULE 6.8(B)(1) attached hereto (the "GPI EMPLOYEES") and to cause the GPI Employees to agree to accept employment with the Buyer following the Closing. Furthermore, the GPI Employees who are listed on Schedule 6.8(b)(2) attached hereto are sometimes referred to herein as the "KEY EMPLOYEES."
Sample 1
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Employee/Employee Compensation. (a) Parent agrees to cause the Seller to discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Seller and under any employment agreements payable in the ordinary course of business, except to the extent assumed by Buyer on Schedule 1.2. ------------ (b) Other than as provided in Section 4.4 hereof, Seller and Parent shall be solely responsible for any severance pay obligation under any contract arising out of the termination of any employee not listed on Schedule 2.16 or ------------- the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated.
Sample 1
Employee/Employee Compensation. The Warrantors agree that before the ------------------------------ Closing Date they will have caused the Company to discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Company and under any employment agreements payable in the ordinary course of business.
Sample 1
Employee/Employee Compensation. Sellers agree to cause the Company to --- ------------------------------- discharge when due all compensation and benefits to any employee under all pay and compensation practices applicable to the business of the Company and under any employment agreements payable in the ordinary course of business, except to the extent otherwise reflected on the Closing Balance Sheet.
Sample 1
Employee/Employee Compensation. To the best of STE, STI or Xxxxx Xxxxxxx'x knowledge, no employee of STE or STI is obligated under any contract (including licenses, covenants, or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency that would conflict with such employee's obligation to use his or her best efforts to promote the interests of STE or STI or that would conflict with either of their business as conducted or as proposed to be conducted. To the best of STE, STI or Xxxxx Xxxxxxx'x knowledge, no employee of STE or STI is in violation of any term of any employment contract, proprietary information and inventions agreement, non-competition agreement, or any other contract or agreement relating to the relationship of any such employee with either STE or STI. Neither STE nor STI has collective bargaining agreements with any of their employees and to the best of their knowledge, there is no labor union organizing activity pending or threatened with respect to either of them. Except as set forth on Schedule 2.16 of the Disclosure Schedule, there is no profit sharing, bonus, stock purchase, or stock option to any officer or employee of either STE or STI.
Sample 1
Employee/Employee Compensation. To the best of Purchaser 's knowledge, no employee of Purchaser is obligated under any contract (including licenses, covenants, or commitments of any nature) or other agreement, or subject to any judgment, decree or order of any court or administrative agency that would conflict with such employee's obligation to use his or her best efforts to promote the interests of Purchaser or that would conflict with its business as conducted or as proposed to be conducted. To the best of Purchaser 's knowledge, no employee of Purchaser is in violation of any term of any employment contract, proprietary information and inventions agreement, non- competition agreement, or any other contract or agreement relating to the relationship of any such employee with Purchaser. Purchaser has no collective bargaining agreements with any of its employees and to the best of its knowledge, there is no labor union organizing activity pending or threatened with respect to Purchaser. Except as set forth on Schedule 3.16 of the Disclosure Schedule, there is no pension, health, profit sharing, bonus, stock purchase, stock option, hospitalization, insurance, severance, or any other employee benefit or welfare benefit plan with respect to any officer or employee of Purchaser.
Sample 1

Related to Employee/Employee Compensation

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Accrued Compensation On any termination of the Executive’s employment with the Company Group, the Executive will be entitled to receive all accrued but unpaid vacation, expense reimbursements, wages, and other benefits due to the Executive under any Company-provided plans, policies, and arrangements.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

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