Employee Matters Covenants. Section 6.1 Transfer of Business Employees 72 Section 6.2 Terms and Conditions of Employment 73 Section 6.3 Service Credit 74 Section 6.4 Health Coverages 74 Section 6.5 Welfare Plans 75 Section 6.6 Severance and Other Termination Liabilities 75 Section 6.7 Accrued Vacation, Sick Leave and Personal Time 75 Section 6.8 Cash Incentive Compensation 75 Section 6.9 Retention Agreements 76 Section 6.10 Deferred Compensation 76 Section 6.11 U.S. Defined Contribution Plans 77 Section 6.12 Immigration Compliance 77 Section 6.13 Communications 77 Section 6.14 Collective Bargaining Agreements 77 Section 6.15 Labor Consultations 77 Section 6.16 Seller Benefit Plans; Transferred Entity Benefit Plans; Other Employee-Related Liabilities 78 Section 6.17 No Third Party Beneficiaries 78 ARTICLE VII TAX MATTERS Section 7.1 Purchase Price Allocation 78 Section 7.2 Section 338 Elections; Other Elections 80 Section 7.3 Cooperation and Exchange of Information 81 Section 7.4 Tax Sharing Agreements 81 Section 7.5 Tax Treatment of Payments 81 Section 7.6 Transfer Taxes 81 Section 7.7 Straddle Periods 82 Section 7.8 Withholding 82 ARTICLE VIII CONDITIONS TO OBLIGATIONS TO CLOSE Section 8.1 Conditions to Obligation of Each Party to Close 83 Section 8.2 Conditions to Purchaser’s Obligation to Close 83 Section 8.3 Conditions to Parent’s Obligation to Close 84 ARTICLE IX
Employee Matters Covenants. 6.1 Treatment of Transferred Employees 66 6.2 WARN and Corresponding State Laws 69
Employee Matters Covenants. (a) Each Employee who remains so employed as of and following the Closing is referred to herein as a “Continuing Employee.”
Employee Matters Covenants. Section 6.1 Continuation of Employment 73 Section 6.2 Terms and Conditions of Employment 73 Section 6.3 Service Credit 74 Section 6.4 Health Coverages 75 Section 6.5 Accrued Vacation, Sick Leave and Personal Time 75 Section 6.6 Cash Incentive Compensation 75 Section 6.7 Collective Bargaining Agreements 76 Section 6.8 Labor Consultations 76 Section 6.9 Seller Benefit Plans; Transferred Entity Benefit Plans 76 Section 6.10 No Third Party Beneficiaries 77 Section 6.11 Privacy Matters 77 Section 6.12 Subject Jurisdiction Put Option. 78 Section 6.13 Financing Cooperation 82
Employee Matters Covenants. (a) In accordance with the relevant provisions of the Transition Services Agreement, Purchaser shall extend offers of employment (each such offer, a “Purchaser Offer”) to each of the Business Employees (excluding the Retained Employees) set forth in Section 6.3 of the Disclosure Schedules, which shall include salary and terms that are reasonably comparable, on an aggregate basis, to the salary and terms provided to other, similarly situated employees of Purchaser.
Employee Matters Covenants. 12.1 General 12.2 Welfare Plans 12.3 Severance Benefit
Employee Matters Covenants. Section 6.1 Transfer of Business Employees 64 Section 6.2 Terms and Conditions of Employment 64 Section 6.3 Service Credit 65 Section 6.4 Health Coverages 65 Section 6.5 Welfare Plans 65 Section 6.6 Flexible Spending Accounts 66 Section 6.7 Severance and Other Termination Liabilities 66 Section 6.8 Accrued Vacation, Sick Leave and Personal Time 66 Section 6.9 Cash Incentive Compensation 67 Section 6.10 Retention Agreements 67 Section 6.11 Deferred Compensation 67 Section 6.12 U.S. Defined Contribution Plans 67 Section 6.13 Equity Awards 67 Section 6.14 Immigration Compliance 67 Section 6.15 Communications 68 Section 6.16 Franchise Employees 68
Employee Matters Covenants. 48 12.1 General...............................................48 12.2
Employee Matters Covenants. Section 6.01 Offers of Employment; Transfers of Employment 65 Section 6.02 Compensation and Benefits 67 Section 6.03 Health Coverage 68 Section 6.04 Severance 68 Section 6.05 WARN 68 Section 6.06 Accrued Vacation and Sick Leave 68 Section 6.07 COBRA 69 Section 6.08 401(k) Plan 69 Section 6.09 Flexible Spending Accounts 69 Section 6.10 Allocation of Liabilities 70 Section 6.11 Post-Closing Transaction Bonuses 70 Section 6.12 W-2 Matters 71 Section 6.13 Treatment of International Business Employees 71 Section 6.14 Employee Communications 71 Section 6.15 No Third-Party Beneficiaries 71 Section 6.16 Certain Notifications 72 ARTICLE 7
Employee Matters Covenants. 6.1 Treatment of Business Employees 59 6.2 Health Coverages 60 6.3 Severance 61 6.4 WARN and Corresponding State Laws 61
