Employee Terminations. At Closing, Seller shall deliver to Buyer a list as of the Closing Date setting forth the name of each employee of the Hospital Businesses whose employment was terminated during the 90 day period ending on the Closing Date and the reason for such termination.
Employee Terminations. Any employee listed on Schedule 3.1(u) who is the subject of an employment agreement assumed by the Partnership or Purchaser at Closing, upon termination, shall receive the greater of the amount provided in Section 7.1(c) and the amount he would otherwise be entitled to under such employment agreement, if any; provided, however, that no such employee shall be entitled to receive both amounts.
Employee Terminations. Except as listed on Schedule 1.12, no --------------------- officer or other key employee of the Company or any Subsidiary has terminated employment since June 30, 1997. To the knowledge of the Company, no officer or other key employee of the Company or any Subsidiary has notified the Company of his or her intention to terminate employment.
Employee Terminations. On the date the Company completes the final termination of Company employees, other than those employees necessary to assist in the consummation of the Liquidation as determined in good faith by Executive, the Company shall pay to Executive $5,000, less applicable withholding (with payment due on the first regular payroll date following the completion of this Liquidation Task).
Employee Terminations. Schedule 2.01(z) lists any officer --------------------- or other key employee of the Company who terminated
Employee Terminations. If and when the employment relationship terminates, the employee will not receive any payment for any unused personal holidays or for any holidays which have not yet occurred.
Employee Terminations. In the event that an employee of the Company who become an employee of Acquirer following the Closing is terminated by Acquirer without cause on or prior to the first anniversary of the Closing Date, then Acquirer’s chief executive officer and the Company’s chief executive officer will use reasonable efforts to mutually agree upon a suitable severance package for such terminated employee.
Employee Terminations. Not (a) terminate the employment of any employee of the Company or the Company Subsidiaries as of the date of this Agreement, except in circumstances where the basis for termination is because the employee has engaged in conduct that is criminal or materially injurious to the Company or the Company Subsidiaries, or (b) transfer any employee of the Company or the Company Subsidiaries to a different corporate entity or division affiliated with Seller. Furthermore, neither Seller nor any of its Affiliates shall solicit or hire or solicit to employ any employee of the Company or either Company Subsidiary.
Employee Terminations. Within thirty (30) calendar days from the date hereof the Company shall have terminated a minimum of twenty five (25) employees whose total annualized renumeration is not less than Two Million Two Hundred Forty Thousand Dollars ($2,240,000), and accordingly reduced over head by such amount.
Employee Terminations. The Purchaser shall be responsible for providing any notice (or pay in lieu of notice) required under the WARN Act or any similar Law, and shall indemnify Seller and its Affiliates for any Liability arising under the WARN Act for actions taken in the 90-day period on and following the Closing.
