Employees; Benefits. Employer agrees that any and all benefits that were provided to the Employee shall continue until _________________, 20____. In addition, the Employer shall assist the Employee in the transfer, change, or termination to any employment benefits, including, but not limited to, health insurance plans, dental insurance plans, vision insurance plans, life insurance plans, disability insurance, childcare benefits, wellness programs, retirement plans, government assistance programs, and/or any other program or benefit that was readily accessible and being used by the Employee.
Employees; Benefits. (a) Schedule 3.15(a) sets forth a list of the name, age, position, rate of compensation and any incentive compensation arrangements, bonuses or commissions or fringe or other benefits, of each of the Garland Business Employees.
(b) As of the date hereof, there are no claims, disputes, charges, actions, grievances or disciplinary actions pending or, to the knowledge of the Seller, threatened, by or between the Seller and any employee of the Garland Business Employees.
(c) The most recent written employee policies and manuals of the Garland Business have been made available to the Buyer.
(d) Except for Plans associated with the Collective Bargaining Agreement and except as set forth on Schedule 3.15(d), there are no Plans, as defined below, contributed to, maintained or sponsored by the Seller or its subsidiaries, to which the Seller or its subsidiaries is obligated to contribute or with respect to which the Seller or its subsidiaries has any liability or potential liability, whether direct or indirect, including all Plans contributed to, maintained or sponsored by each member of the controlled group of companies, within the meaning of Sections 414(b), 414(c), and 414(m) of the Code, of which the Seller or a subsidiary is a member. Each Plan contributed to, maintained or sponsored by the Seller or its subsidiaries has been maintained, funded and administered in compliance in all respects with its own terms and in compliance in all respects with all applicable laws and regulations, including but not limited to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and the Internal Revenue Code of 1986, as amended (the “Code”). For purposes of this Agreement, the term “Plans” shall mean: (i) employee benefit plans as defined in Section 3(3) of ERISA, whether or not funded and whether or not terminated; (ii) employment agreements; (iii) the Collective Bargaining Agreement and all obligations thereunder, and (iv) personnel policies or fringe benefit plans, policies, programs and arrangements, whether or not subject to ERISA, whether or not funded, and whether or not terminated, including, without limitation, stock bonus, deferred compensation, pension, severance, bonus, vacation, travel, incentive and health, disability and welfare plans, in each case of clauses (i) through (iv) solely to the extent related to the Garland Business Employees.
Employees; Benefits. Employee shall be entitled to all benefits to which other Executive Vice Presidents are entitled, on terms comparable thereto, which may be maintained by the Company for the benefit of its executives. The Company reserves the right to alter and amend the benefits received by Employee from time to time at the Company’s discretion.
Employees; Benefits. (a) The Employee shall be entitled to participate in or receive benefits under any employee benefit plan or arrangement made available by the Company in the future to its officers and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements. Without in any way limiting the foregoing, such benefits shall include the following:
(i) The Company, in order to retain its valued employees, will establish a contributory Internal Revenue Code Section 401(k) plan by September 30, 1998. Contributions of the participating employees, including Employee, may be matched by contributions from the Company at the discretion of the Board of Directors of the Company.
(ii) Employee shall be entitled to all paid legal holidays made available by the Company such holidays to include, without limitation, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.
(iii) In addition to such paid holidays, Employee shall be entitled to twenty (20) vacation days each calendar year, during which time Employee's compensation shall be paid in full. Vacation time not taken in the calendar year will be accumulated and added to the vacation time for subsequent years; provided, however, Employee shall not take vacations in excess of ten (10) consecutive business days without at least four (4) weeks' prior notice to the Chairman and Chief Executive Officer of the Company.
(iv) The Company shall provide Employee fully-paid insurance benefits as described in Exhibit B hereto.
(b) Nothing paid to the Employee under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the annual salary payable to Employee pursuant to Section 3.01 hereinabove. Any payments or benefits payable to the Employee hereunder in respect of any calendar year during which the Employee is employed by the Company for less than the entire such year shall, unless otherwise provided in the applicable plan or arrangement, be prorated in accordance with the number of days in such calendar year during which she is so employed.
(c) In recognition of the necessity of the use of an automobile to the efficient and expeditious performance of Employee's services, duties and obligations to and on behalf of the Company, the Company shall bear the expense of fuel and maintenance of the Employee's car in the form of reimbursement of $0.31 per mile for miles driven...
Employees; Benefits. 15.01 Unless otherwise specified in the present agreement, upon hiring by the Employer, every employee will enjoy all the benefits of the present agreement.
15.02 When an employee is transferred or promoted to a position in another locality, the Employer will pay his/her relocation expenses in accordance with the Relocation Directive.
15.03 In the event of an employee's death, all amounts owed him/her shall be paid to his/her estate.
Employees; Benefits. (a) Buyer shall ensure that all Employees on the Closing Date will remain employed in a comparable position as of the Closing Date, and will receive non-equity-based compensation and employee benefits, which, in the aggregate, are at least as favorable as the compensation and employee benefits that were provided to the Employees as of the date of this Agreement.
(b) Buyer agrees that, from and after the Closing Date, Buyer shall use commercially reasonable efforts to ensure that each Employee receives credit for any service with the Companies prior to the Closing Date for purposes of (i) eligibility and vesting (except in the case of any new incentive equity awards granted by the Companies or their direct or indirect parent), and (ii) vacation or other paid time off accrual and for severance benefit determinations, under any benefit or compensation plan, program, agreement or arrangement that may be established or maintained by Buyer on or after the Closing Date (the “New Plans”).
(c) Buyer shall use commercially reasonable efforts to (i) cause to be waived all pre-existing condition exclusions and actively at work requirements and similar limitations, eligibility waiting periods and evidence of insurability requirements under any New Plans to the extent waived or satisfied by an Employee or his or her dependents under any Employee Plan as of the Closing Date, and (ii) cause any deductible, co-insurance and covered out-of-pocket expenses paid on or before the Closing Date by any Employee (or covered dependent thereof) to be taken into account for purposes of satisfying the corresponding deductible, coinsurance and maximum out of pocket payment provisions under any applicable New Plan in the year of initial participation.
(d) At closing, Buyer shall (or shall cause its Affiliates) to hire the employees listed on Schedule 6.3-1 who provide services to the Business conducted by the Target Companies which are employed by HH Germany. Buyer and Seller shall take such further actions as are reasonably necessary in furtherance of the hiring of such employees. In the event that prior to August 1, 2015, Buyer terminates the employment of the employee listed on Schedule 6.3-2, the Seller shall reimburse Buyer for 50% of any severance and other termination costs related to such termination.
Employees; Benefits. Until Employee’s employment is terminated, Employee shall be entitled to all standard employee benefits then in effect for employees of NSP holding comparable titles or positions (the “Benefits”).
Employees; Benefits. 12
6.1 Group Life Insurance 12 6.2 Medical Plan 12 6.3 Dental Plan 12 6.4 Sick Leave 13 6.5 Jury or Court Witness Duty Leave 14 6.6 Extended Health Benefit Plan 15 Optical Benefit 15 6.7 Retirement/Severance Allowance 15 6.8 Pregnancy/Parental Leave 15 6.9 Long Term Disability 17 7.1 Rest Periods 17 7.2 Employee Responsibility 18 7.3 Picket Line Protection 18 7.4 Absences Without Leave 18 7.5 Changes in Working Conditions and Classifications 18 Leave of Absence for Union Functions 19 Leave of Absence for Full-Time Union Duties 19 Leave of Absence for Public Office 19 7.6 Job Postings 20 7.7 Payment of Salary Increments 20 7.8 Special Service Pay 20 7.9 General Leave of Absence 20 7.10 Bereavement Leave 21
Employees; Benefits. During the term of this Agreement, the Employee shall be entitled to the following benefits:
Employees; Benefits. 26.01 The terms and levels of benefits in effect as of the signing of this Agreement are defined by OHIP legislation and relevant benefit plans. The Employer agrees to maintain those terms and levels except as they are modified by this Agreement. A statement of the terms and levels of the various benefits shall be provided by the Employer to the Association and shall be considered to be part of this Agreement. The Employer agrees that participation in Extended Health Benefits is not contingent upon participation in OHIP.
