Employee Service. Nothing in this Agreement shall limit the right of the Company or any of its Subsidiaries to terminate Your service or otherwise impose upon the Company or any of its Subsidiaries any obligation to continue to employ You or accept Your services. The Company may terminate Your service at any time, with or without Cause.
Employee Service. During the Employment Period, Employee shall devote his full time and best efforts to the business of Employer and Parent and at all times faithfully, industriously and to the best of his ability, experience and talent, perform all of the duties reasonably requested by the Chief Executive Officer of Parent or such other officer of Employer or Parent as determined by the Chief Executive Officer of Parent.
Employee Service. For each year the Superintendent receives a satisfactory evaluation, the District shall provide monies sufficient to purchase one year of service credit under Colorado Public Employee Retirement Association’s (“PERA”) rules and regulations at the time of payment. Contributions shall be made to a Service Purchase Tax Deferred Plan or plans (the “Plan”) established for the benefit of the Superintendent under Sections 403(b), 457(b), and 401(a) of the Code. The Superintendent shall submit to the District evidence of eligibility for purchase in PERA and documentation from PERA of the cost of such service purchase. The contribution to the Plan shall be after the evaluation each Year of this Contract and within thirty (30) days of receiving the documented calculation of cost from the Superintendent. The Plan shall be established as an employer-paid plan with non-discretionary contributions by the District and the Superintendent shall have no right to receive such contributions in cash. The Plan shall be established under a written plan document that meets the requirements of the Code and such document is hereby incorporated herein by reference. The funds for the Plan shall be invested in such investment vehicles as are allowable under the Code for the applicable type of plan. Contributions to the Plan shall first be made to the 403(b) plan up to the maximum allowed by the Code, taking into account any employee deferrals made by the Superintendent to any 403(b) plan of the Employer. Contributions in excess of this maximum shall be made to the 457(b) plan up to the maximum allowed by the Code, taking into account any employee deferrals made by the Superintendent to any 457(b) plan of the Employer. Contributions in excess of this maximum shall be made to the 401(a) plan. The Superintendent shall have sole discretion as to where the contributions to the Plan are invested, to the extent such investments comply with applicable State and federal laws. The Plan shall provide that contributions made to the Plan by the District and all earnings thereon shall be fully vested in the Superintendent.
Employee Service. Nothing in this Agreement shall limit the right of the Company or any of its Subsidiaries to terminate Your service or otherwise impose upon 2023 PSU 4 the Company or any of its Subsidiaries any obligation to continue to employ You or accept Your services. The Company may terminate Your service at any time, with or without Cause.
Employee Service. (a) For a period of one year following the Closing Date, Syneron shall provide, or shall cause the Surviving Corporation to provide, base salary and employee benefits (excluding equity-based compensation, and accruals above the standard vacation cap of Syneron) to each Employee who continues in employment with Syneron or the Surviving Company following the Closing Date on terms that are, in the aggregate, no less favorable than the base salary and employee benefits (excluding equity-based compensation and accruals above the standard vacation cap of Syneron) provided to such Continuing Employee immediately prior to the Closing Date; provided, however, that nothing contained herein shall be deemed to grant any Employee a right of employment or any salary or benefit level if the employment of such Employee terminates for any reason at any time and further provided that the foregoing shall not apply to the extent that its application would result in a duplication of benefits. Notwithstanding anything in this Agreement to the contrary, no Employee of the Company shall be deemed to be a third party beneficiary of this Agreement. For purposes of this Section 6.13, “Employees” shall include all employees of the Company, both salaried and hourly, who are active employees of the Company on the Closing Date.
(b) Syneron shall, or shall cause the Surviving Corporation to, recognize the prior service with the Company, including prior service with predecessor employers where such prior service is recognized by the Company as of immediately prior to the Closing Date, of each Employee in connection with all employee benefit plans, programs or policies of the Company in which Employees are eligible to participate for purposes of eligibility to participate, vesting and determination of level of benefits.
Employee Service. After the Closing, Buyer shall initially cause the Company to employ each employee of the Company, whether salaried or hourly (including each such employee who is absent due to vacation, holiday, illness, leave of absence, furlough, or short-term disability, but not including any such employee whose short-term disability period has ended and as a result has become eligible to receive long-term disability benefits prior to the Closing Date), (i) at the same or comparable job or position and location as in effect immediately prior to the Closing Date, (ii) at a salary or wage level and annual and long-term bonus opportunities at least equal to the salary or wage level and annual and long-term bonus opportunities to which such employee was entitled immediately prior to the Closing Date, and (iii) with all benefits, perquisites, and other terms and conditions of employment that are at least as favorable as the benefits, perquisites, and other terms and conditions that such employee was entitled to receive immediately prior to the Closing Date (including for this purpose benefits pursuant to qualified retirement and savings plans, medical, dental, and pharmaceutical plans and programs, incentive compensation plans, vacation benefits, paid time off and sick pay but excluding deferred compensation arrangements, non-qualified retirement and savings plans, retiree medical plans, and equity-based compensation plans). Buyer, on behalf of itself and its Affiliates, agrees to maintain the foregoing clauses (i) – (iii) in place until December 31, 2021. Notwithstanding this Section 6.08, the parties agree that the AAA Xxxxxx Transportation Supplemental Employee Retirement Plan, as amended, will be terminated effective as of Closing, and Buyer will pay or cause to be paid to each plan participant his or her accrued benefit under such plan in accordance with the terms thereof. Buyer will cause the Company to pay the amounts set forth on Schedule 6.08 to the persons and at the times indicated on Schedule 6.08.
Employee Service. Where an employee an educationalor training course at own request, and is reimbursed which exceed per course excluding the employee shall agree to remain with the Employer an employee for a one (1) year the completion the course. Should an employee not fulfill requirement, shall reimburse the Employer for one hundred (100%) percent of the cost incurred. Should the employee cease to the requirement anytime within the year period, reimburse the Employer at the rete of eight (8%) percent of the cost Incurredfor each full month of the year for which the requirement is not fulfilled.
Employee Service. Where an employee attends an educational or training course at own request, and is reimbursed for expenses which exceed per course excluding salary, the employee shall to remain with the Employer as an employee for a period of one (1) year following the completion of the course. Should an employee not fulfill this requirement, shall reimburse the Employer for one hundred (100%) percent of the cost incurred. Should the employee cease to fulfill the requirement anytime within the year period, shall reimburse the Employer at the rate of eight (8%) percent of the cost incurredfor each full month of the year for which the requirement is not fulfilled.
