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. Schedule 2.01(z) lists any officer or --------------------- other key employee of the Company who terminated employment with the Company since January 1, 2000. For this purpose and for purposes of Section 3.01(a), "Key Employee" means an employee whose base compensation or annual salary exceeded Cdn$40,000. Neither the Company nor the Shareholders has knowledge that any officer or other Key Employee of the Company is considering the termination of 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. 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. Subject to any individual arrangements with individual employees of the Company as disclosed in the Disclosure Memorandum, if any individual employed by the Company or any of its Subsidiaries as of the Closing Date is terminated by Purchaser during the first twelve (12) months after the Closing Date, for any reason except for good cause, such individual shall be entitled to receive the same severance benefits as such individual would have received as a result of such termination under the Company’s severance policy as in effect as of the date of this Agreement. For the avoidance of doubt, such severance policy provides for two (2) weeks of base pay for every full year of employment by the Company, subject to a maximum six (6) months of base pay, and continued medical and dental coverage during the same period.
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. 16 4.27 INSURANCE .................................................16
Employee Terminations. The Corporation has not terminated more than 50 employees at the Business since April 1, 2007.
